The company is established as Tooling Promotions, retailing in the engineering accessories, tooling and consumables.
The company acquires it own premises and ventures into machine tool trading, selling new and used machine tools.
MTP is started as a second company, focusing exclusively on the rebuilding of machine tools.
We move to our existing premises, initially built as a 1600 sq. meter facility with 2 overhead cranes. We acquire our first slideway grinder, a used Schmaltz of 1950's vintage.
We purchase a new Aschersleben slideway grinder, for which a new extension in added to the building with a 30 ton overhead crane. Total factory area now comprises 2400 sq. meters.
We start with CNC retrofitting, initially only on Siemens CNC system but soon thereafter on Fanuc CNC systems as well.
We are awarded the contract to modernize a Dorries 14 meter vertical borer, and re-install the machine at Shanghai Hydro Electric company in China.
We extend the building to 3200 sq. meter by adding an assembly bay with 10 meter height under a 25 ton overhead crane.
We establish a machine shop to perform all machining work in-house in support of the rebuilding of machine tools.
We export our 20th rebuilt machine to the USA.
We are awarded a large export contract to manufacture gasification equipment for a company in India.
Two of the original owners of the company retire.
We install our 5th CNC floor boring machine to further expand our in-house machining capacity.
The company consolidates all the sister companies back into a single company again as part of a black-empowerment transaction.
We install a Plasma profile cutting machine.