TBS Engineering is proud to have been announced winner of the 2017 Export Award at the UK Gloucestershire Business Awards.
Now in its 20th year, the awards celebrate the very best businesses within the region.
David Longney, TBS Engineering Group Managing Director, commented on the award success:
“We’re proud to have won the award, and to showcase the world-class engineering expertise we have in the TBS group. We’ve grown to become the world leader in lead acid battery production technology.”
The judges of the awards were looking for a business that has generated substantial and sustained increases in export activity. Today 99.9% of TBS’ sales are export.
The £34m turnover business, established in 1968 has demonstrated consistent and sustained growth over the last 50 years, despite tough economic conditions, and fiercely intense competition, in an aggressive global market.
The judges praised TBS for its innovation, investment in the business and sustained growth.
To maintain its leading position and competitive advantage, in the last two years TBS has invested over £1.5m in new product development, and £15m in a new purpose -built UK-based head office, which it will move into in early 2018.
“Up until 1985, 75 per cent of turnover was from domestic sales, but as the UK market began to mature and consolidate we started to diversify, using the changes in the market to develop an international presence. A move that has enabled us to support a truly global customer base.
“It’s important for us to be recognised by these awards. The Gloucestershire economy plays a big part in our success. Today, in the UK alone we employ over 170 people and support a large supply chain of 100 local companies. It’s this expertise, talent and engineering capability that has been key to our growth.”
TBS has a 50-year history in lead acid battery assembly equipment, manufacturing the machines that every year its customers use to produce millions of batteries over the world.