Specialist extruder, Euroseal has reported that it has won two new major orders, worth more than £2 million combined.
With one of the UK’s most technically advanced extrusion facilities, Euroseal has extensive experience in the manufacture of a diverse range of thermoplastic extrusions, including rigid profile and co-extrusions in PVC, wood composite, HDPE, Polystyrene, Polypropylene and ABS.
Winning two new undisclosed clients at the beginning of this year, Chris Byers, Managing Director Euroseal, said with a combined value of more than £2m, its new agreements represented a ‘very positive start’ to 2018.
He said: “Winning two very substantial contracts right at the beginning of the year, puts us in very good stead right at the outset.
“That in turn means that we have the confidence in the market to sustain our continuing programme of investment, switching on new lines, as well as expanding our operation to deliver increased capacity.”
This includes the six-figure investment made by the specialist extruder in a new twin-screw extrusion line, mezzanine floor and the construction of a new tooling design workshop and servicing facility.
Euroseal’s fifth twin screw line – and with a further four single screw lines, it’s ninth in total – the investment gives Euroseal a high level of service and product flexibility.
With the flexibility to extrude profiles from 40g to 6kg per metre and 0.7mm to 10mm thick, this includes construction products including curtain walling pressure plates, conservatory and window profiles, and cladding. It also manufactures electrical extrusions; automotive profiles; hygienic wall and ceiling profiles and garden decking.
It has also built on its established partnerships with global tooling and extrusion machinery manufacturers to include an in-house tool design service – also offering financial support for customers to invest in tooling on larger volume projects.
Byers explained: “We’re seeing a lot of peaks and troughs in the market at present. That clearly presents a number of challenges for us or anyone else.
“Where we’re perhaps benefitting is that if you are at capacity or want to bring a new product to market as a systems company or building products specialist, those peaks and troughs make it difficult to justify that capital investment.
“And that’s really where we come in. We become an extension of their own operations, we work in partnership with our customers and to their processes and their own standards, giving them that capacity without the cost or the potential risks associated with major capital investment.”