AVID HiFi Ltd expansion results in move to new facilities
Following a period of rapid growth, AVID HiFi is please to announce their move to a new, dedicated production facility.
With a continually increasing headcount and significant investment in new machinery, AVID have outgrown their previous production facility. The new, wholly-owned, Huntingdon facility offers substantial scope for future growth and flexibility.
Following the completion of transfer, the move has already begun and will continue for a period of three months. This has been scheduled so product demand is fully met throughout the transition without any disruption.
Growth in turnover and profitability through a difficult trading environment is a testament to the success of the recent portfolio expansion. The popularity of the recently released electronics products, including two new phono amplifiers and power supplies has prepared the path for the further expansion.
Further electronics products are planned for release throughout 2011 and beyond, reflecting our fundamental philosophy of designing the most engaging and dramatic hi-fi products for a global market.