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£19 million export order raises hopes of more large deals at Cambs battery parts firm

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£19 million export order raises hopes of more large deals at Cambs battery parts firm

A Cambs-based manufacturer has high hopes for further large orders after winning a £19 million deal to export electric car battery parts to the US in a joint venture with Toyota Tsusho America. The components, made from recycled plant waste will be shipped from TRB Lightweight Structures' Huntingdon hq and assembled at a new factory in Richmond, Kentucky. The finished products will be supplied to a major US engine producer. Andrew Dugmore, president at TRB said: “Sustainability is important to us and we are passionate about developing lightweight solutions for transportation, which will make vehicles more efficient and reduce CO2 emissions. Since setting up in the US, interest has been high, and we are negotiating potential multi-million-pound deals with other clients.The UK and US trading relationship goes back decades and we hope that any new free trade agreement will make trading with the US easier for us.”

TRB expects to increase its exports to 70 per cent of turnover by next year, up from 30 per cent when it starting selling overseas in 2015. The Department for International Trade is providing logistical and financial advice for the firm’s US expansion. International trade secretary, Liz Truss said: “To see British companies like TRB Lightweight Structures trading with the US demonstrates the international demand for UK innovation and manufacturing. More trade and investment is crucial to the economic recovery from coronavirus, and deals like this will help deliver that.”