- Tanfield Group
Infobox_Company
company_name = Tanfield Group PLC
company_
company_type = Public (AIM: [http://www.londonstockexchange.com/en-gb/pricesnews/prices/system/detailedprices.htm?sym=GB0002787991GBGBXAIM%200278799TAN] )
foundation = 2003
company_slogan =
location =Tyne & Wear ,United Kingdom
key_people =Roy Stanley , Chairman
industry =Electric vehicle s,Aerial work platforms ,Engineering
products =
revenue =
net_income =
num_employees =
homepage = [http://www.tanfieldgroup.com]Company overview
The Tanfield Group, formerly Comeleon, has changed its main focus from automotive components and imaging equipment to electric vehicle manufacturing and specialist engineering. As Comeleon, the company made 3D images for mobile phones and other devices, but saw the bottom drop out of its key handset market in 2003. In 2004, Comeleon was absorbed by the Tanfield Group. The company has since expanded to include
electric vehicle s andaerial work platform s.The group is made up of the following companies:
* Smith Electric Vehicles http://www.smithelectricvehicles.com
* Aerial Access http://www.aerialaccess.co.uk
* UpRight Powered Access http://www.upright.com
* Norquip http://www.norquip.co.uk
* Jumbotugs http://www.jumbotugs.co.uk
* SEV Materials Handling http://www.sev.co.uk
* Snorkel International http://www.snorkelusa.comnorkel
On 28th June 2007, the company acquired Snorkel International as another division of its Aerial Work Platform (AWP) market share. The geographical fit and little overlap in product range complements Tanfields initiative to expand into the global marketplace with a wide variety of products to offer their customers.
TX4E
Manganese Bronze , which manufactures the iconic London black taxi in Coventry, has signed a development agreement with electric vehicle manufacturer Tanfield to develop an all-electric urban taxi. The all-electric version of theTX4 black cab - to be branded the TX4E - will have a top speed of mph|50 and a range in excess of mile|100 on one battery charge. [ [http://www6.lexisnexis.com/publisher/EndUser?Action=UserDisplayFullDocument&orgId=101846&topicId=103840033&docId=l:780159195 Black taxi firm plans zero emission electric vehicle] ]Controversy
On 3 July 2008 it was announced in the press that the London Stock Exchange was launching a probe after a collapse in the share price. The company was criticised by analysts for poor standards of disclosure and weak financial controls. The shares reached a high of 203.5p (valuing the Company at over £700m) in July 2007 and fell to 5.53pence (a value of £20m). In April 2008, its annual results disappointed the City and raised questions about its disclosure standards and the high level of cash burn. [ [http://www.telegraph.co.uk/finance/newsbysector/transport/2792635/LSE-launches-probe-after-electric-vehicle-firm-Tanfield-sees-shares-collapse.html : LSE launches probe after electric vehicle firm Tanfield sees shares collapse] ]
References
External links
* [http://www.tanfieldgroup.com Official Site]
* [http://news.bbc.co.uk/1/hi/help/3681938.stm A video article by the BBC featured a video article on 2 July 2007]
* [http://www.telegraph.co.uk/finance/newsbysector/transport/2792635/LSE-launches-probe-after-electric-vehicle-firm-Tanfield-sees-shares-collapse.html]
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