Friday, July 26, 2013

News: AESSEAL shortlisted for Private Business Award

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Award-winning Rotherham manufacturer, AESSEAL, has been shortlisted at the third annual Private Business Awards, the awards that celebrate the best in the private business sector and to underline its importance to the UK economy.

With global headquarters at Templeborough, AESSEAL is the world's fourth-largest designer and manufacturer of mechanical seals for a wide range of industries, including oil and gas, food, water, mining and pharmaceuticals.

Its annual results for the year to December 31 2012 again reported growth in sales and profit, a record that extends over 30 consecutive years. Sales have continued to rise and it expects to achieve record sales of £151.7m in 2013.

AESSEAL is one of five firms hoping to be named Private Business of the Year at an event to be held at The Guildhall in London in September. The Private Business Awards are sponsored by PwC, in association with HSBC Private Bank and the event brings together entrepreneurs from every region of the UK.

Ruby Parmar, partner and leader of PwC's private business practice, said: "This year, we have had over 700 nominations and this figure has surpassed all of our expectations. We have faced a higher than ever quality of participants that has improved year-on-year, as well as an unprecedented number of entrants and nominations. On those two criteria alone, the judges were in agreement that it’s been the most challenging year ever to decide who will make it to the final.

"The shortlist contains recognisable names and brands alongside some less well known, but equally successful companies across the length and breadth of the UK. I look forward to sharing all of their stories and successes, and demonstrating the talent and innovation in the private business sector."

Charlie Hoffman, managing director of HSBC Private Bank (UK) Ltd, added: "A challenging economic environment often marks a period of transformation for the UK business landscape and acts as a catalyst for growth for entrepreneurs and small businesses. Private business deserves a bigger voice in the UK as a successful generator of new business opportunities. We need to celebrate and showcase the sector’s innovation, optimism and success and these awards are unique in the UK as the only national awards to do this."

Backed by international investor, 3i, AES Engineering Ltd employs more than 1,600 people worldwide, of whom nearly 600 are in the UK and Ireland and more than 330 in Rotherham.

With a focus on quality, the manufacturer has won numerous awards including 12 Queen's Awards to date.

AESSEAL website

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