Stewart Milne Group has revealed its Timber Systems business is on track to generate £100 million of turnover by 2021.
With robust growth predicted for this year, the division has witnessed its business double in the last four years due to securing new contracts with private housebuilders, as well as providing timber frame homes to local authorities and housing associations across the UK.
Alex Goodfellow, Group Managing Director of Stewart Milne Timber Systems, said both the Government and local authorities are increasingly looking towards off-site construction to accelerate the building of new 'affordable' homes.
"Engineered timber homes are not only manufactured from the world's most environmentally friendly construction material but also significantly reduce build times on site, improve standards of build quality and reduce health and safety risks during construction," he said.
"There's growing acknowledgement of the many benefits of timber systems, and we have a proven track record across a number of sectors. New digital technologies like BIM (building information modelling) are the next frontier, which is why we've invested in developing the first-ever online BIM library in our sector, allowing architects and clients to specify projects within real-world parameters."
Stewart Milne Timber Systems now employs 300 people across its two factories in Westhill, Aberdeen and Witney, Oxfordshire.
Around 90% of all new homes in Scotland are built using offsite timber solutions, with around one in four of these being delivered with timber systems manufactured by the company's factory in Westhill.
With the business producing timber systems for 7,000 UK homes each year, Mr Goodfellow said the company is in an excellent position to grow its market share over the next year.
"We've invested heavily in precision manufacturing capabilities in our UK factories and created the capacity to increase the output of both sites," he said.
"We're at a unique time in the British construction sector where shortages of skills and new homes are converging with a requirement to build thousands of new homes to higher quality and environmental standards than ever.
"Our business is very well-positioned to provide solutions to these challenges and we'll continue to drive innovation through our design expertise, manufacturing capability and product development in 2018 and beyond."
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