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News Release from: Shearline Engineering
Edited by the Manufacturingtalk Editorial
Team on 12 June 2007
Cambridgeshire manufacturing company
sales grow
Shearline, who offer a complete design to manufacture service, has announced a 17.5 percent increase in sales for the year ending March 2007.
Cambridgeshire-based manufacturing company, Shearline, has announced a 17.5 percent increase in sales for the year ending March 2007 The company, one of the UK's few manufacturing organisations offering a complete service including design for manufacture, prototyping and first batch production through to full scale manufacture also reported a strong improvement in profitability
This article was originally published on Manufacturingtalk on 13 May 2005 at 8.00am (UK)
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For the financial period ending March 2007, Shearline saw an increase of GBP1.23 million, giving a total consolidated sales figure for the year in excess of GBP8 million for the first time.
The company's news echoes that of the Chartered Institute of Purchasing and Supply's (CIPS) latest poll, which showed an index of manufacturing activity at 54.4 in March 2007, and reported that strong foreign demand has helped the UK manufacturing base record its twentieth consecutive month of expansion.
Kevin Gouldthorp, Shearline's Finance Director, comments, "We're absolutely delighted to report this significant increase in sales.
It's no secret that in recent years the climate for UK manufacturing has been particularly difficult, however, our results, coupled with the latest industry reports, prove that it isn't all doom and gloom in the manufacturing sector, particularly in the eastern region.
"We've put a lot of time, effort and investment into developing our core business strategy both in the UK and within a global manufacturing capacity and whilst we recognise that we will continue to face strong competition and tough market conditions we're confident that the company will continue to make significant progress throughout 2007." Construction is due to be completed this summer on a new (GBP1 million) extension to its showcase facility in Ely, Cambridgeshire, which will accommodate Hybrid Laser Tech, the precision laser cutting company it acquired last year.
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