Chepstow Plant International has invested £33.5 million in its contract fleet of machinery over the past eight months, resulting in the company’s largest single year investment to date. The privately-owned mineral and aggregates contractor, has increased its total fleet by 20% bringing its total number of front-line contracting machines to in excess of 400.
Almost 70% of the new machinery comes from a substantial £20 million investment in new Volvo machinery consisting of circa 60% investment in its cutting-edge Articulated Dumptruck fleet.
The company has increased the fleet with circa 40 machines, with a further £13.5 million, consisting of 30 tonne Bell Articulated Dumptrucks, Caterpillar D8 bulldozers and 50 Tonne Rigid Dumptrucks and 70 Tonne Komatsu Excavators.
The investment in its contracting fleet underlines Chepstow Plant International’s commitment to building and improving on long-standing key partnerships with original equipment manufacturers, including Bell Equipment. These evolving partnerships allow the company to remain at the forefront of industry changing technology for safety improvements, which this year has seen the introduction of pioneering inclinometers and outstanding on-board telemetry systems.
John Corcoran, Managing Director at Chepstow Plant International, says: “Following this year’s substantial investment, 85% of our main contract fleet is now under three years old and 65% is under two years old. Our modern fleet not only reduces client downtime, but gives our clients piece of mind that our machines carry the most sophisticated health and safety technology available in the industry, while providing optimum fuel burn efficiencies to help lessen the environmental impact our industry has. With an expected positive work portfolio in 2019, we are close to agreeing further substantial investment packages for the year ahead.”