Hull Business Editions February 2019

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Wednesday, February 6, 2019

‘CHALLENGING YEAR’ LEADS TO PROFITS SLUMP FOR FOOD GROUP

THE BUSINESS THAT BROUGHT MAJOR OLYMPIC PARTNERSHIP TO THE CITY

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CITY LAW FIRM ANNOUNCED AS PARTNER IN NATIONAL INITIATIVE

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The latest business news at humberbusiness.com

MP DEFENDS SIEMENS IN ROW OVER £1.5bn RAIL CONTRACT POLITICIAN LABELS CRITICISM ‘GAME-PLAYING’ FROM RIVALS By philip winter philip.winter@reachplc.com @PhilWinterBiz

Goole’s MP has labelled criticism of the awarding of Siemens’ £1.5bn train contract as “game-playing” from rival manufacturers. Andrew Percy, who was also formerly the Northern Powerhouse Minister, leapt to the defence of Siemens after it was accused of planning to build two-thirds of the trains for London’s Piccadilly Line in Europe, instead of at its £200m upcoming Goole factory. He claimed allegations

against Siemens were “false,” and added the company had been “totally honest” that half of its trains would be built in Austria as opposed to East Yorkshire. It comes after a letter was written to London Mayor Sadiq Khan by the MP whose constituency includes rival Hitachi’s train plant, accusing Siemens of “pulling the wool over Transport for London’s eyes”. Mr Percy wrote in defence of Siemens: “A few residents have Turn to Page 2

Finbarr Dowling, project director, shows Goole MP Andrew Percy and Cllr Richard Walker around the Siemens’ rail factory site

PICTURE: Sean Spencer

New home for paint business

Goole MP Andrew Percy

Hull-based Industrial Paint Supplies (IPS) has unveiled new premises in the city, following a period of rapid growth. IPS, formerly located in Lincoln Street, this week opened for the first time in its new home in Hedon Road. The move will mean customers will be offered a greater range of products, and will increase delivery time and national reach. Calum Doig, operations director at New Guard Coatings Group, which owns IPS, said: “This is an exciting time for New Guard Coatings Group with our expansion plan now in full swing. “We’ve been at our current premises in Lincoln Street for a number of years now, which, in all honesty, we have truly outgrown. “The move to Hedon Road could not have come at a better time.” The new site will include state-of-the-art training and presentation facilities, while allowing IPS to support the needs of its clients, which are often specific and bespoke. Mr Doig said: “With the additional floor space to increase our already impressive stockholding capabilities, the relocation creates a fantastic opportunity for both IPS and the whole of the New Guard Coatings Group, as we continue to set the standard in the distribution of protective coatings industry.”


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Hull Business Editions February 2019 by Humber Business - Issuu