Chepstow Plant International agree multi-million-pound deal for more than 70 new machines
CHEPSTOW Plant International (CPI), a strategic mobile plant supplier operating within the mineral extractives sector, has agreed a ‘transformational’ £20 million fleet investment deal with SMT GB.
Despite the challenges presented by COVID-19 and the resulting economic downturn, CPI have maintained their commitment to continual fleet investment – and the first of more than 70 new Volvo machines from SMT have now started to arrive on site.
Many of the new machines, which consist of 52 articulated dumptrucks, seven excavators and 12 wheel loaders, will be deployed to support flagship projects and new contract wins for CPI. All will be fitted with the latest Tier V engines – the most efficient and environmentally friendly currently available to the sector.
As a result, this deal will help CPI to not only drive down fuel and operating costs for their clients, but also improve the efficiency and environmental impact of vehicles on site, pushing the company closer to its net-zero sustainability targets.
Commenting on the investment, John Corcoran, managing director of Chepstow Plant International, said: ‘The quarrying and aggregates sector has been put under real pressure these last 12 months.
‘However, quarries across the country have remained open and machine hours are slowly being increased as work begins to pick back up again. Like any business, it’s imperative that we continue to meet customer demand – and we can only achieve this by delivering the latest and most efficient assets currently available.
‘It might sound counterintuitive, but continual – and clever – investment remains the most sensible option for businesses during uncertain times, and this approach has ultimately unlocked a number of economic and environmental benefits for both CPI and our customers.
‘Our long-standing partnership with SMT GB and Volvo, along with their track record for both health and safety and technology innovation across dumptrucks, excavators and wheel loaders, made this latest and significant investment a fairly simple choice for CPI. I have no doubt that further deals of this kind are still to come as we continue to deliver proactive asset lifecycle management for our clients.’
Today’s announcement marks the latest in a long line of investment deals for CPI, who have been in operation since 1995, with significant fleet investment deals also agreed with Liebherr GB and Finning UK earlier this year.