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P SECURITY
Page 10
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Anti-siphoning devices are popular in recession
MANUFACTURERS OF anti-siphoning devices are reaping the rewards from operators looking to prevent fuel theft during the recession. TruckProtect and TISS Security Systems say they doubled turnover in 2008.
On the back of a rise in turnover of approximately £2m last year, Newport, South Wales-based TruckProtect has invested £200,000 in an expansion programme.
TruckProtect chief executive Russell Fowler says UK sales have been strong as operators worry about losing diesel in tight times.
"Our aim is to ensure we stay solid throughout the year, continuing on our current course, and emerge from the economic crisis in a robust condition to further expand our horizons," he adds.
Meanwhile, Matthew Rose, marketing director at Blackpool-based TISS, estImates turnover will increase by at least 50% this year. He attributes the rise to turbulent fuel prices causing hauliers to protect their investments in commodities.
Rose says TankSafe's 2185 Impregnable anti-siphon device accounted for 95% of the firrn's turnover and 90% of its sales in 2008.
• See CM next week for a feature on fuel security.