Wheel-maker Titan Europe has revealed a 27.5 per cent jump in sales in as demand has strengthened.
Kidderminster-based Titan (TSW) has seen sales rise to £225 million in the first nine months of its financial year, compared to £200 million at the same point in 2009.
The company said its third quarter was above expectations, bringing in £89 million of sales – only £6 million below the level achieved in the second quarter, despite the impact of August holidays in Europe.
The firm said, in a statement: “The group’s overall trading performance is ahead of the plan on which its banking arrangements are based. The board remains comfortable with those banking arrangements.”
The company, which serves the construction, agricultural and mining industries, said it was confident that current trading will meet market forecasts for 2010 on an encouraging order book.