County Durham firm SIG Combibloc Ltd has reported a strong year’s trading.
Financial statements for year ended December 31, 2013, show profit at the company rose from £2.55m in 2012 to £4.42m.
Turnover, meanwhile, increased from £36.5m to £37.13m.
Based at Houghton le Spring, SIG Combibloc sells liquid packaging cartons and associated machinery for the forming and filling of cartons.
The company also services this machinery.
On July 24, 2013, SIG paid an interim divided of £2.5m, but the directors are not recommending a final dividend.
A directors’ report accompanying the latest results said: “The company has demonstrated its ability to adapt to an ever-changing external environment without losing its core values.
“Those include the desire to add value to our customers’ operations, fostering and promoting entrepreneurship and innovation, and delivering top quality in both our products and services.
“At the same time, conducting ourselves in an ethical manner is essential for our long-term success.
“All this is embedded in our vision and mission, as well as in our corporate values.”
The report said SIG continued to develop new products and services to ensure its market offering remain competitive and attractive.
Operational risk was minimised by having multi-sourced group manufacturing facilities for its products.
The report added: “The director will continue to manage the business with a view to improving the company’s profitability in the current year through the existing customer base and additional new business.
“The director is pleased to report another satisfactory year for the business.”