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Plastics maker Heyside hopes robot investment will help its sales soar as it secures local support package

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GM Business Growth Hub backs transformation at Oldham business

From left to right: Matt Pryce, managing director at Heyside Group; Janine Smith, director of GM Business Growth Hub; Cllr Arooj Shah, leader of Oldham Council; Garreth Brown, finance & transformation lead, Heyside Group.

From left: Matt Pryce, managing director at Heyside Group; Janine Smith, director of GM Business Growth Hub; Cllr Arooj Shah, leader of Oldham Council; Garreth Brown, finance & transformation lead, Heyside Group(Image: Growth Company)

A plastics manufacturer is hoping to grow capacity by up to 60% after investing in robotics and advanced tooling with the backing of Greater Manchester business support bodies.

Heyside Group, of Oldham, makes PVC injection‑moulded products and processes some 300 tonnes of recycled plastic per week to create products for the traffic management, utilities and infrastructure sectors.

Its ongoing modernisation programme has seen it move away from manual manufacturing with bosses investing in robotics, advanced tooling, digital systems and automated processes. Managers say the move will help it to stay competitive while opening new market opportunities in the UK and beyond. They estimate the project could help grow capacity by 60% and could help the business unlock some £4.8m in additional revenue as it enters new markets.

The business has been supported by the GM Business Growth Hub, which helped bosses access Made Smarter expertise and digital internships, technical assurance from the Northern Engineering and Robotics Innovation Centre (NERIC), materials‑innovation support from CEAMS and decarbonisation guidance from the Green Economy team.

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The Growth Hub also connected Heyside to a £500,000 GMCA loan that has backed the firm’s investment in robotic paint‑spraying systems, new tooling and conveyor upgrades – and two Knowledge Transfer Partnerships with Lancaster University and the University of Salford.

Matt Pryce, managing director at Heyside Group, said: “The Growth Hub’s support has been instrumental in helping us move from traditional manufacturing towards a modern, automated factory environment. From robotics to materials research, the guidance and connections we’ve received have accelerated our progress and strengthened our position for future growth.

“We are excited about the opportunities ahead as we continue to scale our capabilities.”

Cllr Arooj Shah, leader of Oldham Council, said: “Heyside Group’s transformation reflects the strength of Greater Manchester’s business support ecosystem. Their commitment to innovation and modernisation demonstrates how manufacturers can embrace advanced technologies to grow sustainably and competitively.

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“The council is proud to play a role in supporting this progress and looks forward to seeing the next phase of their development.”

Janine Smith, director of GM Business Growth Hub, said: “Heyside is becoming a standout example of innovation-led manufacturing growth in Greater Manchester.

“By connecting the business to the right expertise at the right time – from digital adoption to robotics, research partnerships and funding – we’ve helped create a pathway to long-term competitiveness and new market opportunities. Their progress shows what’s possible when ambition is matched with coordinated support.”

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Oil Price Today (April 20): Crude oil jumps 6%, nears $100 again despite ceasefire hopes. What’s happening?

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Oil Price Today (April 20): Crude oil jumps 6%, nears $100 again despite ceasefire hopes. What’s happening?
Oil prices staged a sharp rebound on Monday, rising more than 6% after plunging over 9% in the previous session, as tensions flared again around the Strait of Hormuz. The latest spike followed fresh accusations from both the U.S. and Iran, each blaming the other for violating the ceasefire by targeting ships over the weekend.

On the geopolitical front, U.S. President Donald Trump said on Sunday that American forces had seized an Iranian cargo ship attempting to breach its blockade. Iran, in response, said it would not take part in a second round of peace talks, despite Trump’s warning of renewed airstrikes.

Crude oil price on April 20

Brent crude futures climbed $6.11, or 6.76%, to $96.49 a barrel by 2327 GMT. U.S. West Texas Intermediate rose $6.53, or 7.79%, to $90.38 a barrel.Before the conflict, the strait accounted for roughly one-fifth of global oil supply. The war, now nearing two months, has severely disrupted these flows.

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Market movements remain highly reactive to developments, with oil prices swinging on shifting signals from both sides rather than any clear improvement in supply conditions. The intermittent movement of vessels through the strait highlights the deep uncertainty surrounding the world’s most critical energy chokepoint. Even if tensions ease, a full recovery in oil flows is expected to take several months, experts warn.
On Saturday, Iran tightened its grip over the strait in response to the U.S. blockade, reportedly firing at several vessels and declaring the route closed. This came just hours after it had announced a temporary reopening during a 10-day ceasefire.

What are experts saying?

Brokerage firm Macquarie said that even if tensions cool, oil prices are likely to remain supported in the $85 to $90 range, with a gradual move towards $110 as supply through the Strait of Hormuz improves. It added that if disruptions persist through April, Brent crude could climb as high as $150 per barrel.

Analysts broadly believe crude may be entering a phase of structurally higher prices. With the ceasefire seen as temporary, a return to pre-war levels of $70 to $75 may take several months. In the near term, they expect prices to stay within a range of $80 to $85 on the downside and $95 to $100 on the upside.

Nuvama Institutional Equities cautioned that prolonged closure of the strait, which handles about 20 million barrels per day, could drive crude prices into the $110 to $150 range.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Concurrent Technologies Plc (COTGF) Discusses Full Year Results and Leadership Transition with Strategic Business Updates Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript

Concurrent Technologies Plc (COTGF) Discusses Full Year Results and Leadership Transition with Strategic Business Updates April 17, 2026 6:30 AM EDT

Company Participants

Miles Adcock – CEO & Executive Director
Kim Maria Garrod – CFO & Executive Director

Presentation

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Operator

Good morning, and welcome to the Concurrent Technologies Plc Final Results Investor Presentation. [Operator Instructions]

Before we begin, I would like to submit the following poll. And I would now like to hand you over to CEO, Miles Adcock. Good morning to you.

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Miles Adcock
CEO & Executive Director

Good morning, and welcome to our full year results for 2025.

Next slide, please. So my name is Miles. I’m the CEO. This is my fourth set of annual results, and I’m joined by Kim, our CFO. And I should note that at the same time as we issued our full year results, we also announced that Kim has decided to retire at the end of this year. My good friend and colleague, Kim, do you want to say a few words?

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Kim Maria Garrod
CFO & Executive Director

Yes. So I achieved a milestone birthday this year, and that made me rethink what I was going to do. So I have decided to retire, but I’m in the business until the end of the year. I’m very excited about the business, and I will be watching it very closely after I’ve gone, and I’ll be regularly calling Miles for updates. But I’m fully committed to the business. And as I say, I’ll be taking out for most of this financial year.

Miles Adcock
CEO & Executive Director

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Thank you, Kim. And just to note, Kim has generously given us until the end of the year to seek a replacement, and I’ve engaged Korn Ferry this week, and we’re working hard at finding a worthy successor.

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