A Sunderland cranemaker has seen revenue growth of more than 11% amid a pledge to continue investment in its Wearside operation.
New accounts for Liebherr Sunderland Works (LSW) show revenues climbed to €41.1m (£36.3m) from €36.9m (£32.6m) in the year to the end of December 2022, but pre-tax profits fell sharply from €2.2m (£1.9m) to €1.25m (£1.1m) in the same period. The firm's Ayres Quay base on the Wear near Sunderland City Centre is part of Liebherr's global maritime operation and is where hundreds of offshore and ship cranes have been built since the late 1980s.
A team of more than 180 staff specialise in producing cargo handling equipment including ship and port cranes, offshore cranes and mobile harbour cranes. The Sunderland works is a sister factory to sites in Germany and Austria which work on similar projects. Liebherr said the North East operation is currently manufacturing four of the group's crane products, including ship and dockside, offshore, harbour mobile and stacker models.
