Thermoseal Group has been ranked number 96 in the 12th annual Sunday Times HSBC International Track 200 league table, which ranks Britain’s mid-market (total sales of more than £25 million and international sales of more than £1 million) private companies with the fastest growing international sales over the past two years.
The 200 companies include well-known names from across the UK including The Entertainer Toy Brand, modular building manufacturer Thurston Group, and craft beer maker BrewDog.
Thermoseal Group achieved annual international sales growth of 41% over two years, by supplying to a growing number of countries across five continents.
Thermoseal’s Gwain Paterson said: “We are extremely pleased with our export successes to date, particularly in Asia where our sales have increased by 174% in the past year.
“Despite the uncertainty in the UK market and fears associated with Brexit, we have invested significant funds into purchasing a new building. This site has now become our ‘Centre for Innovation and Manufacturing’. It has two new laboratories and additional test rooms to give our technical team everything they need to develop new energy efficient products while maintaining the highest quality standards and enhancing our current product portfolio.
“Another vital use of this building has been to house our increased stockholding to help ensure continuity of supply to the UK and export markets to counter supply issues caused by Covid and, of course, Brexit. Where possible, we have also dual sourced products to counter any delay in sourcing materials that are vital for production.
“Moving into 2021, we have all accepted that we will have to live with the constraints of the Covid virus, but on the basis that we have a list of customers waiting for our production capacity to be increased, we are planning to continue to invest, broaden our product range and grow our warm edge capacity.
“We have new machinery currently being installed and further equipment on order to increase our capacity further throughout this year. This includes both production of warm edge spacers and an expansion of our ever-growing injection moulding division which currently produces many millions of fittings per year.”