TIMis up for sale
DANISH-based TIM company, one of Europes leading manufacturers of sugar beet harvesters, is up for sale after financial problems caused the receivers to be called in.
Problems were caused by lower than expected harvester sales last year, but the company is continuing to trade and a takeover is thought to be a strong possibility, according to Roger Cutting, who runs TIM (GB) the companys Suffolk-based subsidiary.
"The receivers have been called in, but the factory is still working under the receivers and I am confident that they will find a solution to the current difficulties," says Mr Cutting.
"I believe some of the problems were caused in Eastern Europe. TIM has been very successful in building up export markets in countries such as Belarus and Latvia, but sales to those markets were much lower than expected this year."
TIM harvesters have been available in the UK since Ransomes began importing them in 1980, and the sales total since then has reached about 400 machines. UK sales during the last 12 months totalled 15 harvesters, and their latest four-row trailed model (Mach 12 Dec) is being demonstrated at a number of locations.
"TIM (GB) is a wholly owned subsidiary of the Danish company," says Mr Cutting. "But we are certainly still in business, and we are getting a full back-up service from the factory, so there is no problem over parts availability."