Senior Flexonics shifts operations from UK to Mexico
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Senior Flexonics, which makes hoses and valves used in the trucking, manufacturing and oil and gas industries, is reducing its UK presence by sending production units to new facilities in Mexico, India and the Czech Republic, the company revealed today in a press release.
The offshoring of work, part of a long-term program, will allow Senior to set up a specialist technology development center in the UK in smaller, cheaper premises, the company said, adding that it is also moving production from Chicago to Mexico.
David Squires, chief executive, warned that "production of North American heavy-duty diesel trucks is forecast to decline in 2016 and 2017, and the off-highway market [which includes the oil and gas sectors] is expected to remain weak". There are "no clear signs of recovery yet visible" in the market, he added.