Monday, November 3, 2008

News: Life begins at 40 for Cutting & Wear


Rotherham-based Cutting & Wear Resistant Developments Limited are celebrating their 40th anniversary this month. The company, which manufactures and supplies downhole tool products and services to oil service companies across the world, was established in 1968 by Brian Russell. The company has seen fantastic growth over the last 40 years, and that growth looks set to continue. Cutting & Wear was originally set up to serve the oil and gas operations in the North Sea and the subsequent increase in oil exploration and production in the North Sea, as well as internationally, led to increasing demand for their high quality products. As a result Mark Russell (the company’s current managing director) joined Cutting & Wear in 1975 and a year later the company moved to its current location in Rotherham. In 1981 the company expanded in to an adjoining factory unit — doubling their manufacturing capacity almost overnight — and since then the company has enjoyed consistent and significant growth. Cutting & Wear now occupies a 25,000 sq ft manufacturing facility and employs 57 staff. Mark Russell said: "This is a significant anniversary for the company. Our success over the years is due to our ability to innovate and adapt, producing extremely high quality products and working with a fantastic team. We are achieving year-on-year growth and I am very confident that the company has a bright future." The company is now out-growing its current factory and is planning to move to new purpose-built facilities in the area within the next two years.


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