Socage turnover up 55%
By Maria Hadlow15 February 2011
Socage has increased its annual turnover by 55% from €18.5 to €28.7 million. It has been 16 months since Socage was bought from Fassi and at the SAIE exhibition in October last year Fiorenzo Flisi managing director of Socage, announced several new machine models and talked about the company's progress
"We have appointed 12 new employees," said Mr Flisi, "and increased our turnover. The company has also opened two new branches one in Spain the other in the UK. Mr Flisi was also pleased with the increasing volume of export, from 20 to 40% and was continuing to explore new markets such as South Africa and Brazil.
To meet the increasing order book, Socage has invested in its two production plants, both located in the province of Modena: adding both equipment and manufacturing area. The brand new production lines in the San Felice Sul Panaro facility, where light truck mounted models are assembled, will be completed by the end of February of 2011 and are expected to achieve maximum productivity by the end of May 2011. The plant's monthly production capacity will increase from 50 to 80 platforms.
In 2011 Socage celebrates 30 years since the first truck mounted access platform was produced: in 1981 Socage launched the first Sky Nest 14/7. The company will celebrate the occasion with an event that will involve employees and clients.