Friday, December 6, 2013

News: AESSEAL one of the UK's innovators

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Rotherham manufacturer, AESSEAL, has been picked out for special praise by the London Stock Exchange Group (LSE) in its "1,000 Companies to Inspire Britain" report, a celebration of some of the fastest-growing and most dynamic small and medium-sized enterprises (SMEs) in the UK.

Three Rotherham firms make it on to the list - £150m turnover AESSEAL, alongside rapidly expanding power transmission distributors, Acorn Industrial Services Ltd, and Newburgh Engineering, the specialist contract manufacturer of high specification component parts and assemblies for the nuclear, defence, oil and gas, petrochemical, aerospace and power generation industries.

With 85 companies from Yorkshire & The Humber, the report paints a vibrant picture of the British economy, as well as dispelling certain myths: manufacturing, for example, accounts for almost a fifth of the companies within the index.

Xavier Rolet, chief executive of the London Stock Exchange Group, said: "The UK has some of the most inspiring growth businesses in the world. Our report showcases some of these fast-growing and dynamic companies; the type of companies we believe will help fuel the long-term growth of 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.

The firm is one of just four to be recognised in the section on "The Innovators" that highlights that innovative UK companies are the ones that sustain strong growth. In its annual results for the year to December 31 2012, AESSEAL 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.

With a focus on quality, the manufacturer has won numerous awards including 12 Queen's Awards to date. The management says it does whatever it takes to deliver, wherever and whenever it's needed. The company also prides itself on exceeding expectation, meeting even the most complex briefs and challenging lead times.

Chris Rea, group managing director at AESSEAL, told the report: "The only challenge we ever face is, how do we provide customers with a sufficiently compelling reason to give us an opportunity?

"We operate in a sector where we need to give customers an extremely compelling reason to try something better, but we’re able to do so through the great-value proposition we offer."

As well as identifying 1,000 companies, the publication examines in detail the opportunities and challenges facing SMEs and looks at the sectors and trends that will shape the future of the UK economy. Rea said that he would like to see the Government rebalance the economy towards manufacturing, but believes it would take 25 years or more to achieve and would need a commitment from successive governments.

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.

Jonathan Wilkinson, CEO of AESSEAL, said: "At AESSEAL we pride ourselves on exceeding customer expectation, meeting complex briefs and the most challenging lead times. This pursuit of excellence has helped us prosper during both the good and bad times. We feel extremely honoured to be included in this report and are proud to be playing our part in the UK's economic recovery."AESSEAL website
Acorn Industrial Services Ltd website
Newburgh Engineering website
LSE website

Images: AESSEAL

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