Investment In Plant & Equipment
In order to continue to meet the needs of its growing list of clients, H W Martin Waste Ltd invests regularly in new resources. Resources include people, facilities and vehicles.
A rolling programme of investment in plant and machinery is required in order to ensure the fleet is reliable and meets regulatory compliance and latest best practice in safety and environmental impact.
Over the 2019/20 period, the company made large investments in new vehicles and mobile plant. These machines are used for various applications across our facilities and client locations, including household waste recycling centres (HWRCs), waste transfer stations and Materials Recycling Facilities (MRFs). The vehicles are used in our fleet of hook-lift container haulage, transporting bulk materials as a part of our local authority contracts.
The 2019/20 period saw significant spend in vehicles and plant and was undertaken over the course of the company’s financial year.
H W Martin Waste Ltd’s Activity
The company, in consultation with its sister company H W Martin (Plant) Ltd, specified the asset requirements and undertook a process of supplier assessments. The process included a financial evaluation, an environmental evaluation and an overall assessment of best value.
The company added new hook-lift vehicles and bulk haulage equipment to its fleet.
Investment in vehicles and associated equipment during spring demonstrated the company’s optimism and willingness to invest in the future at a time of national concern and uncertainty due to the Coronavirus pandemic.
The company made significant investment in this area during the second half of 2019, with the addition of several telehandlers for waste transfer activities, as well as wheeled and tracked excavators for materials management at HWRCs.
The company continues to maintain a reliable and modern fleet of vehicles and mobile plant. The scale of the fleet is such that the company is continually re-investing its profits each year into its fleet renewal programme.
Frequent renewal means the company’s fleet uses the latest engines and engineering technologies. This maximises energy efficiency, reduces harmful emissions and minimises the environmental impact of the fleet.
Total investment by H W Martin Waste Ltd on new vehicles and plant in the year so far is around £1 million. This reflects the company’s commitment to the future of the business and its customers.