AN electronics company with a Hartlepool base is right on target for success.
And with encouraging trading figures on the way within a matter of weeks, Stadium is planning for the future with proposals to grow the business globally.
The group, which runs its UK electronics arm from a plant in Brenda Road in Hartlepool, has issued an update on its trading figures to show they are “in line with expectations.”
The update comes in advance of official figures which will be released in the spring.
The success is partly down to the success of the Hartlepool factory, where the manufacturing facilities have been strengthened with a new assembly line.
To back up the encouraging figures, Stadium is also planning to expand its global operation. Its plant in South China will be replaced by a new, more modern one later this year, say bosses.
The full company results for 2014 will be announced on Tuesday, March 10. But in the meantime, bosses said the leading electronics technologies group had enjoyed “a strong performance in technology products.”
A trading update on the business said the planned changes in China were “to support the continuing growth of the business”.
It said the board has decided to upgrade the group’s manufacturing capability in South China by relocating to a new facility at the expiry of the lease on the current site in mid-2015.
That new plant would be “better suited to the increasing expectations of existing and new customers, both in Asia and globally”, said the update.
Global expansion comes after the Hartlepool plant became the centre of Stadium’s UK operations.
The Hartlepool Mail recently told how Stadium had invested recently in its Hartlepool plant, after the closure of another branch in Rugby. The Brenda Road site is responsible for integrated electronic manufacturing services (iEMS) which means it provides electronic technologies to markets.
The Stadium plant on Brenda Road is the company’s UK centre of excellence.
The firm employs just under 150 people in Hartlepool. It provides electronic technologies to markets including the industrial, marine, aviation, transport infrastructure, lighting, medical, automotive, and communication sectors.