Heavy investment in people and equipment have steered a North Tyneside printing firm to record revenues of £20m.
New York Business Park-based print, packaging and supply chain firm Elanders UK moved into its 84,000sq ft base in 1999, with ambitions to almost treble its turnover, which then stood at £7m.
Since then, the firm has invested in staff, machinery and equipment to extend the services it offered to customers, a strategy which included making a £1m spend on its digital printing facilities.
The growth plan has paid off at the firm, which now employs 182 people, resulting in turnover topping £20m in 2014 at the North East base.
Elanders UK is part of Elanders Group, which is a company with operations in 15 countries on four continents, and over the last 12 months Elanders has also continued to grow, adding new people with key skills to support the growth and diversification strategy.
Managing director Kevin Rogers said: “We’ve worked incredibly hard over the last 15 years to reach our target of £20m turnover, which is the highest turnover figure we have ever achieved.
“We have worked through some challenging times, including a national recession, but have invested carefully in equipment, machinery and people to be able to align our service offering to the changing needs of our customers.
“We work closely with customers to deliver a fully rounded support system that includes our supply chain and e-commerce services.
“Our approach is to act as a strategic partner for our customers and through our core business areas of supply chain, print, packaging and e-commerce, we help to optimise and develop the processes critical to their businesses, which could be the production of luxury goods, cosmetics and much more. While we’ve reached our target turnover, we won’t be resting on our laurels – the coming years will see us set stretching targets for Elanders and further hard work to establish our packaging offer.
“We see the North East as Elanders’ UK home, so investing in our local workforce is key for our future.”
In 2015, the company will continue to integrate Elanders UK’s specialist drinks industry packaging and label-printing company in Cumbernauld, which was bought in 2013.
Including sales from the Scottish site, Elanders UK’s total turnover reached £23m in 2014.