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    Second Half of 2010 Meets Expectations, Tanfield CEO Says

    Feb. 2, 2011
    Tanfield Group, parent company of aerial work platform manufacturer Snorkel, said trading for the second half of 2010 was similar to that of the first half and in line with the board’s expectations.

    Tanfield Group, parent company of aerial work platform manufacturer Snorkel, said trading for the second half of 2010 was similar to that of the first half and in line with the board’s expectations.

    As predicted, the market for aerial work platforms stabilized in the second half of 2010, after a difficult and prolonged period of recession. Tanfield said its consolidation of all its powered access products under the Snorkel brand has been well received by customers. While general activity in the construction industry remains low, the board is encouraged by the positive sentiments emanating from the equipment rental sector.

    “The return of stability in the aerial lift industry in the second half of 2010 allowed Tanfield to focus on enhancing its Snorkel product range and global sales channels,” said Tanfield Group CEO Darren Kell. “Entering 2011, Tanfield remains debt-free, with a positive cash balance, a very strong product portfolio in powered access and an excellent international distribution network.”