____________________________________________________________________________________ Hanover
Displays order on the table, requiring us to scale up to deliver it. Consequently, we moved into a 2000-square-meter facility in Elk Grove Village on the outskirts of Chicago, where we have been for the past 15 years. During that time, our turnover grew from around $ 2 million to over $ 15 million, causing us to reach our capacity in the old facility. Therefore, we have now purchased a new facility over twice the size, and very recently moved into that,” explains Dave.
“ This new facility is conveniently located just down the road and took 12 months and
At Hanover, we have embedded a flat hierarchy, which fosters an informal, enjoyable company culture, though HR policies and regulations still apply a few million dollars to refurb. Once that was completed, we relocated our offices and moved two high-speed SMT lines for surface mounting components on our electronic circuit boards from the old facility. Our timing on the move has been great, as although the American market was slow to pick up post pandemic, last year, we experienced a significant leap in our turnover, increasing to over $ 17 million. Within the next year or so, we expect to be north of $ 20 million. I believe we timed our move into the new facility well, and I am confident we have the capacity to as much as double our output, as the new facility will be sufficiently large and our sales continue to grow,” Dave elaborates.
For Hanover, the UK and European markets rebounded much more quickly after the pandemic. In contrast, many of its competitors struggled. Globally, the company has grown from around £ 40 million annual
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