Business wins prompt major investment at FAB Recycling Group
A surge in demand for recycled wing mirrors, bonnets, bumpers, engines, axles and bundles of vehicles parts has prompted a major investment at FAB Recycling Group.
28 August 2014
As the cost-saving benefits of pre-owned parts becomes a reality recognised by big business and private individuals alike, the pioneering Forest of Dean vehicle recycling business has spent £350,000 to enhance its UK hub.
The development will improve its national distribution capabilities and online presence. It will also strengthen FAB’s recognised position as one of the market leaders within the UK’s vehicle dismantling industry.
To cope with growth at the company’s 2.5-acre acre site in Cinderford, FAB Recycling has invested in its storage, yard and fixtures. To manage demand from nationwide business FAB has also purchased new transport to ensure next-day delivery of pre-owned parts across the UK.
Jason Cross, managing director of FAB Recycling Group, says: “Every day more people wake up and recognise how the use of pre-owned vehicle parts saves a fortune on maintenance and crash repair costs.
“FAB Recycling is part of a green movement to change perceptions of the industry and save motorists money. Our clients are the man in the street, blue chip fleet company’s right up to the multi-national insurance companies. All demand a level of service that we need to continue to invest in.
“Recycling traceable vehicle parts keeps down repair costs, the amount of time a vehicle is out of action, as well as ensuring badly damaged vehicles are responsibly, securely and environmentally disposed of.”
From its Gloucestershire base the company operates three businesses: FAB Direct, selling to individual motorists and the trade, My Green Fleet and FAB Bundle.
My Green Fleet removes non-safety related parts from damaged or written-off fleet vehicles and sells them back to the donor fleet when required. FAB recently received a boost from 40 Police Forces with a two-year contract extension. This follows deals secured with national household named utility/companies. Other blue chip company fleets are currently showing strong interest in the MGF scheme.
Launched last November, FAB Bundle is an industry first that saves the vehicle trade time and money by buying ‘bundles of car parts’ in bulk via an online auction site. The initiative helped FAB Recycling win the industry’s coveted Combellack Award this year for its continued innovation.