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KIRKLEES BUSINESS NEWS The business NEWSpaper for Kirklees
Cleckheaton firm gets new owners A CLECKHEATON factory is set to get new owners following the takeover of its parent group. German-based TMD Friction Group, the world’s leading manufacturer of friction materials for automotive and industrial applications, has announced an agreement to sell the business to Japanese group Nisshinbo Holdings Inc. TMD includes TMD Friction UK Ltd, with operations at Hunsworth Lane, Cleckheaton, and in Hartlepool and Manchester. The Cleckheaton business, which traces its origins to 1878, makes disc brake pads for cars and disc brake pads and drum brake linings for commercial vehicles. The TMD group also makes similar products for racing cars as well as friction materials for rail and industrial applications. Its brands include Textar, Pagid, Mintex, Don and Cobreq.
In a statement, TMD said the group had grown rapidly over the past three years, taking major strides in fast-growing regions such as China, Brazil and the independent after-market. It said the group was now well-positioned, having made “significant investment” in capacity and product development as well as through targeted acquisitions. For the year ended 31 December 2010, TMD reported a 20% increase in sales to 637m euros. NISH, which is listed on the Tokyo stock exchange, has an established position as a global player in the areas of brake, mechatronics, textiles and electronics. NISH’s brake business is run globally by Nisshinbo Brake Inc. Its overseas subsidiaries include manufacturing facilities in Japan, South Korea, the USA, China, Thailand, and India.
■ OPPORTUNITY: TMD chief executive Derek Whitworth
Following the takeover, the combined business will have revenues exceeding 1bn euros and more than 6,000 employees.
The transaction is expected to be completed following competition authority approval. Following completion, NISH will continue to operate TMD as an independent, wholly-owned subsidiary. Derek Whitworth, chief executive of TMD, said: “I am delighted to be joining the Nisshinbo group of companies. “This is a great opportunity for TMD to continue our development with a strong and successful partner. Their expertise, particularly in the markets where we are growing fastest will be invaluable as we seek to accelerate our expansion and continue to provide innovative and leading products to our customers.” Koji Nishihara, president of NISB, said: “The combination of NISB and TMD under the ownership of NISH creates the largest, most capable, global automotive brake friction manufacturer in the world.”
‘Polluter pays’ warning to Kirklees companies KIRKLEES firms are being urged to look again at their insurance policies following a series of cases of industrial pollution by businesses. Under EU directives, the “polluter pays” principle means that organisations causing damage to the environment have to pay for damage caused by pollution and the clean-up costs for contamination. Peter Elliott, head of marketing for Bluefin Insurance Services, with
offices in Cleckheaton, said: “Pollution rightly remains a hot topic and most businesses display a really responsible attitude. “But incidents of pollution continue to occur and many companies discover too late that their standard insurance policies are not comprehensive enough to pay for the clean-up and end up having to pay out huge sums of money from their own resources.” One Yorkshire-based water supplier
was fined £10,500 and ordered to pay the Environment Agency more than £2,400 after letting sewage get into a stream that leads to a lake. Seepage of oil from tanks, the growing practice of building on brownfield sites, the polluting of rivers and streams due to escape of effluent and disposal of waste were all issues that businesses have to face with growing vigilance, said Mr Elliott. “According to the latest figures, the
average fine for businesses committing an environmental offence is £10,080,” said Mr Elliott. “It is important for all businesses to reassess their policies and ensure that they are adequately insured when it comes to pollution and the environment.” Under UK law, magistrates courts can impose fines of up to £20,000 for pollution offences. For more serious cases, the crown court can impose unlimited fines and prison sentences.
INSIDE Surgery success A HOLME Valley dental surgery has been boosted by a six-figure loan. Katrina Hayes-Sinclair, who acquired Holmfirth Dental Surgery at the beginning of this year and has been a qualified dentist for 18 years, has expanded and refurbished the business with support from Lloyds TSB Commercial.
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Follower of fashion FORMER public relations executive Jayne Sheridan, now teaching at Huddersfield University, has put textiles under the spotlight with her new book Fashion Media Promotion: The New Black Magic.
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