Treasurer Drops in on a Local Business Success Story

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Treasurer drops in on a local business success story

Chris Redondo, a fitter machinist by trade, started his own company from his parents’ garage in Ingleburn seven years ago.

Ryco 24•7 now operates three service centres and employs 11 people.

The Ingleburn company fit and replace hoses for hydraulic systems, servicing mining, agriculture, transport and engineering firms.

Last week this local business success story hosted the treasurer of Australia, Scott Morrison and Macarthur MP Russell Matheson.

“Chris started with one mobile service vehicle and one employee,’’ Mr Matheson said.

“Today his company has six vehicles, three service centres and 11 employees.

“This is a remarkable success story for our region – one we should be incredibly proud of.

Mr Morrison said that the government’s plan for jobs and growth was designed to help small businesses like Ryco 24•7.

“Chris hopes that turnover will hit $3 million this year, so the company will benefit from a reduced tax rate and the instant asset-write off, which will enable him to re-invest back into the business so that he can continue to grow and employ more people,’’ Mr Morrison said.

The key ingredient for a successful company: vision for growth

Ryco owner-operator Chris Redondo said: “The key ingredient for a successful company lies not only in government policy but on bringing people together with a specific vision for growth and success.

“Yet knowing that the Turnbull Government has your full support creates a great sense of confidence.

“It was a great honour to host the Treasurer and Russell Matheson at our Ingleburn facility to discuss our plans for growth and how the Government will support us.’’

ChrisRyco

ChrisRyco

Chris Redondo, the Director and Founder of RYCO 24.7 INGLEBURN started his journey as a first year apprentice in 2000 at the age of 16 at a large engineering company called BROENS Engineering that was located in Ingleburn South West Sydney. Chris loved the business side of hydraulics and decided to move away from the company he started and establish a rival franchised business in south west Sydney to see if he could implement his own ideas and strategies and to see if they would work. He has built a solid foundation of the company for growth and continues to implement the right mix of people, education, equipment, and systems for the continued expansion of products and services to its key clients and key industries.

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Chris Redondo, the Director and Founder of RYCO 24.7 INGLEBURN started his journey as a first year apprentice in 2000 at the age of 16 at a large engineering company called BROENS Engineering that was located in Ingleburn South West Sydney. Employing over 150 people at its peak Chris honed his engineering skills by means of a toolmaking apprentice and also working on a vast array of jobs from industries such as aerospace, marine and agriculture.

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