Avon credits ‘strong manufacturing capability’

avon160aAvon 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


About Ken Hurst

Ken Hurst began his career as a journalist in London over 30 years ago, working on a range of publications before moving on to weekly newspaper production in the newly-independent Zambia of the 1970s. He returned to the UK where his work included spells on newspapers and magazines, before moving to head up Norwich Union’s corporate affairs division. In the 1990s he moved on to freelance, co-own and publish the B2B audio magazine Sound and front the BBC radio Yesterday’s Papers programme. There followed six years as Business Editor at Britain’s biggest selling regional daily newspaper, The Eastern Daily Press, where he led an award-winning team and for whom he still writes a weekly socio/political comment column. Subsequently, he was Group Editorial Director at CBM, responsible for its UK and US magazine output – including The Manufacturer magazine – research-driven industry reports and live events content. Currently he is Contributing Editor at Works Management magazine publisher Findlay Media and Chairman of the consumer publishing house TNT Multimedia Ltd. He is a Fellow of the Royal Society of Arts and of the British Association of Communicators in Business.
This entry was posted in Aerospace & defence, Company results, Manufacturing management, Other discrete and tagged . Bookmark the permalink.

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