To all our loyal Customers and Suppliers,
As a result of ongoing economic conditions and increasing import competition, the directors and shareholders of Industrial Engineers and Spring Makers (Sales) Pty Ltd have made a decision to close the business.
We are currently negotiating management buyouts for parts of the business. We expect that the manufacture and supply of small coil springs and U-bolts, spring washers and spring steel, will continue. We do not anticipate any disruption in the supply of these products.
However, from Thursday 24 March 2016, the manufacture of leaf springs and heavy coils at our Hindmarsh factory will cease.
We currently have sufficient liquidity to meet all employee entitlements and outstanding debts will be paid. We will endeavour to fulfill all outstanding orders but this will depend heavily on our ability to retain sufficient labour over the 5 week closing down period.
Industrial Springs began trading in 1935 and has been owned by the Marsh family for all of its history. We have grown from a three-man operation to become an industry leader in spring manufacturing, employing up to 140 employees in the 1980s.
We are proud of what has been achieved.
The management of Industrial Springs wish to thank you for your patronage and support over the past 81 years of manufacturing.
Staff will be available till the 24th of March to answer any queries you may have.
Director and Shareholder