RISING ENERGY costs represent a major threat to the growth of Britain’s manufacturing sector, according to the managing director of a fast-growing family firm in Yorkshire.
Trojan Plastics is seeing increased demand for its bathroom fixtures on the back of the housing boom and has added 40 new jobs in the last four months.
The Huddersfield company is expanding into global markets and has won approval to supply its products to the United Arab Emirates and hopes to start exporting to Germany and Belgium soon.
Trojan turned over £17m last year and expects to grow by 10 per cent this year, creating 20 more jobs over the next quarter.
But managing director David Mosley is concerned about the rising cost of energy and believes that it is making British companies less competitive.
He invited Conservative MP Jason McCartney to his busy factory at a former textiles mill in Colne Valley on Friday to discuss the quandary faced by British manufacturers.
Mr Mosley said: “The challenge is as we grow we use more and more energy. Our energy bill last year was more than £500,000, a substantial cost. Our overseas competitors are paying half that, if not less.”
He raised the wider issue of energy security in the UK after the industry watchdog called for the deepest-ever investigation into the big six power suppliers.