September 2020

Earlier this year Thorite, the UK specialist of pneumatics, air compressors, air tools, and fluid handling equipment, announced the intention to relocate its UK headquarters to a new location nearer to central Bradford. Thorite offers customers a wide range of cost-effective equipment to meet the needs of MRO, OEM, and Resale customers. Thorite supplies to many diverse UK industrial market sectors nationwide and its services include application advice, system design & build and installation. The company comments that due to continued growth it has outgrown its home of the past 50 years and needs to bring all its value-added services together under one roof. One-stop-shop experience The new multi-million pound purpose- built 44,000 sq.ft site more than doubles NEWS Work on new expanded Thorite UK headquarters gets underway the size of the current facility, meaning Thorite’s Bradford Sales & Service Centre, Aftermarket Service, Systems Design & Build, Training Academy, and National Distribution Centre will all be combined on one site, giving customers a complete one-stop-shop experience and greater choice for all their fluid power needs. Additionally, Thorite plans to ensure customer-facing staff – field sales, sales support, marketing and purchasing – work more closely together to further develop and nurture key customer relationships and new product development. There will be a brand-new Sales & Service Centre showroom and trade counter, built alongside a new product showcase area. Here, Thorite will demonstrate new and innovative industrial products and solutions that Thorite continually collaborates on with their 70 global supply partners. Thorite last year had a turnover of almost £20 million but has ambitious future growth plans, and this move gives Thorite a solid foundation to make this major step-change. Stephen Wright, Thorite’s managing director, says: “We’re now in a position to move ahead with this exciting new chapter in Thorite’s future. Our new world-class facility gives us the platform to further commit to continuously improve our service performance to our customers, allowing us to become more efficient, to more consistently meet the demand for our products and provide improved stockholding, delivery performance, service quality, training and much more.” CarbonChain, a UK government backed software as a service company that helps companies automate the accounting of the carbon emissions in their supply chain, has secured investment from the San Francisco-based venture capital fund, Y Combinator. Established in 2017, CarbonChain has a mission to make ‘supply chains green’. The company’s products enable companies in some of the most polluting industries, such as oil & gas, mining, agriculture and logistics, to measure and reduce greenhouse gas emissions A product of the London Business School’s Institute of Innovation and Entrepreneurship’s Incubator programme, CarbonChain was co-founded by CEO Adam Hearne and COO Roheet Shah along with Imperial College computer scientists CTO Yury Oparin and CPO Jeremiah Smith. Together, the team possess knowhow across a wide spectrum of commodities industries, supply chain management and software development. Both acknowledge the support of LBS in the rapid success of CarbonChain, and that Y Combinator’ investment is now another important milestone for the company. With an acceptance rate below 2%, Y Combinator's accelerator programme has been described as "harder to get into than Harvard" by Business Insider. LBS start-up CarbonChain secures investment from VC fund Y Combinator From left to right: Stephen Wright, Thorite’s managing director; Alan Donkersley, Thorite’s sales director; and Mark Yates, Thorite’s capital & aftermarket director. Discover the program of spirals made of PVC nylon www.hosestech.it • UL 94 V0 fire resistance • Halogen free • Temperature - 30 + 110 • Meets the norm EN UNI 45542-2: 2015 • Degree of risk HL1 - HL2 - HL3 Requirements set R22 - R23 FLEXSPIRAL/FR-EXTRA new protection spiral for railways

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