The head of a building materials firm in the Borders has said that future growth should be attainable, following the opening of a new manufacturing plant.
Rod Lawson, the chairman of Oregon Timber Frame, says that his company did have a rough time of it throughout the recessions but movement in the housing industry is beginning to pick up again.
Lawson was speaking at the opening of a new facility, which spreads over 18,000 square feet. Clearly a sign of confidence in his firm, he said that there had been plans for expansion at Oregon for some time. He explained:
“It is a continuing development of the company – we have come a long way,
“We have developed and this is a further step along the way of growing the company.
“We intended many years ago to build here. We were forced by the recession to cut back. We have now built it.”
Claiming that it is the right time for it to open, Lawson said that now the firm was in a position to respond to the continuing recovery in the housing market.
The success of the Selkirk-based company is indicative of number of Scottish firms over the past few years. From scaling back operations to re-evaluating finances with options such as invoice factoring, many have used different strategies and are now ready to take advantage of market growth.
Lawson went on to say that the new facility should also create the capacity for several years of continued growth, in the market and at a company level.