Parent company MUSIC has confirmed it remains committed to Scotland and will continue to produce Tannoy Prestige systems as well as other loudspeakers in the country. This follows news of the company relocating from its current headquarters in Coatsbridge to a new plant following added investment from MUSIC.
As well as a substantial increase in investment, innovation and production; the new facility will feature both a museum and showroom showcasing Tannoy’s 90 year history with the company celebrating its 90th birthday this year.
Uli Behringer, Head of MUSIC, added “We are excited about the future of Tannoy. We believe we have developed a sound strategic direction to protect its rich history and heritage. Tannoy was facing great economic pressures and we believe that our plan will ensure the longevity of the brand. We are planning to relocate manufacturing to a new plant in Scotland which will deliver modernised and streamlined operations while continuing our involvement in local communities providing employment in the region. This will secure Tannoy to remain a serious competitor in the high-end residential marketplace.”
Behringer concluded “Since the acquisition of the famous UK audio companies MIDAS, KLARK TEKNIK and TURBOSOUND, we have hired close to 150 new engineers and other staff in the UK which demonstrates our commitment to the country.”
Following this announcement, Tannoy have confirmed that all current sales, orders and delivery processes will not be affected.