Nexen’s investment and expansion plans buck recent trends
Lowestoft-based Nexen Lift Trucks – designer, manufacturer and supplier of forklift trucks and warehouse equipment – has announced an £8.5m investment in its UK-based headquarters and manufacturing facility. Commenting for Nexen Lift Trucks, sales director Pamela Oakes says: “Thanks in part to a thriving e-commerce-based retail market with sales that represented nearly 20% of all retail sales in the UK alone in 2018, demand from logistics specialists and warehousing operators continues to show growth in both the UK and global markets. “It is therefore vital that we continue to invest heavily in our UK facility to help us maintain current demand while increasing production to focus on growth for Nexen products, including the all-new, multi-directional Ergo sideloader.” The 48,0...