FIREPLACE designer and manufacturer CVO Fire is investing thousands of pounds in research and development to help it enter new markets and provide new energy-saving and more environmentally-friendly products.
The Newton Aycliffe company saw sales rise by 30% to almost £2m in 2010 and has invested in around £150,000 and has spent in the last year developing a range of six new, so-called, ‘high efficiency’ (HE) fires.
The HE fires are popular with house-builders and those living in new-build properties as they fit in any home with a class 1 or 2 chimney, are glass-fronted and room-sealed and don’t need external ventilation.
Around 60% of all fires sold in the UK are traditional inset fires which CVO has never manufactured. Managers at CVO Fire decided the time was right to invest in the new range to help the business grow and also thanks to major demand now more new homes are again being built, post-recession.