Avon Rubber – which over the last five years has specialised in two core markets, face mask protection and milking parlour products – said today that its strong manufacturing capability had allowed it to quickly meet an increase in customer demand.
Reporting increased revenue and profits for the year to September, chief executive Peter Slabbert said that after three years of ‘turnaround, it had this year implemented a strategy to accelerate investment in new products, technologies, systems and people.
In protection and defence – worth 75% of the company’s business – this had meant reducing a reliance on US Department of Defense expenditure and concentrating on the ‘first responder’ market, greater focus on growing global markets, in particular the Middle East, and significant investment in broadening Avon’s product offering.
In Dairy Slabbert said Avon was “developing technologically superior new products, building our Milkrite brand to reduce dependence on our Original Equipment Manufacturer (OEM) customers and expanding into rapidly developing new markets”.
In the year to September. Avon’s revenue increased by 17% to £124.9m and pre-tax profit was up 27% to £14.0m.
Copyright Ken Hurst 2013