Hague Fasteners, a producer of non-standard fasteners and bespoke bolts, is celebrating its 50th anniversary by investing more than GB£100,000 on a new three axis CNC lathe to help it deliver more complex parts and increased capacity.
The new CNC machine was commissioned to deliver contracts for the oil and gas sector, with the company hoping the additional turnover will help it move towards its target of GB£2 million sales by the end of the year.
“My father John Hague started the business 50 years ago and back then it was founded on technical expertise, the same technical expertise that is still crucial today in helping us supply parts to more than 30 countries across the world,” explains Jon Hague, managing director at Hague Fasteners who joined straight from school in 1989.
“I think he’d be very proud that we have been able to withstand global recessions and the recent pandemic, as well as the fact the business now has the third generation of Hagues working here. The family ethic extends to all members of our 16 strong workforce. They have been fantastic during Covid-19, allowing us to remain operational and ensuring we continued to provide critical fasteners and bolts to the NHS and for power stations all over the world,” comments Jon. “The new three axis CNC machine is a perfect way to celebrate five decades in business and puts a marker in the sand for the technology we are trying to embed into our future capabilities.”
Hague Fasteners has been manufacturing in the Black Country for the last fifty years, its most recent move being to an 8,500 square foot factory in Willenhall in 2017. From here, the company produces specialist fasteners, headed bolts, studs, nuts and milled components in high integrity materials and critical nickel alloys.
It has built an enviable reputation for supplying products you can’t get ‘off the shelf’ in small to medium batch quantities and in very fast lead times. Working with high integrity steel and superalloy bar, the company can work to customer drawings to produce parts ranging in size from 2mm to 250mm in diameter.
“We also wanted to do something in our 50th year that left a lasting positive legacy, so made the commitment to become carbon neutral by 2024,” adds Claire Hague, company owner. “This has seen us create the ‘Hague Forest’, where we will endeavour to plant and grow 200 trees every year in Haiti, Kenya and Madagascar to offset the 75 tonnes of CO2 we create manufacturing specialist fasteners for use across the globe. It’s our little way of giving something back and this, when combined with investment in apprenticeships, will hopefully ensure we start the next five decades in a positive social shape.”
Hague Fasteners, which holds the ISO 9001:2015 and Pressure Equipment Directive (PED 2014/68/EU) quality accreditations, has expanded by 30% this year with sales already passing the GB£1.6 million level, with future plans seeing it target £GB2 million over the next twelve months.
Having joined the magazine in 2012, Claire developed her knowledge of the industry through the numerous company visits, exhibitions and conferences she attended both in the UK and abroad.
Claire prides herself on keeping readers well informed and up to date with the latest industry news.