GOING GLOBAL GOING GLOBAL


Turnover has grown by ten per cent at Devon- based manufacturer Rotolok with "another strong performance" boosted by the opening of a new factory in India. The company specialises in the design,


manufacture and supply of powder handling systems and equipment. It trades from a 50,000 sq ft facility in Tiverton. According to the latest accounts


for Rotolok (Holdings) Ltd, turnover grew to £26m in the year ending 31 May 2016, from £23.7m the year before. Pre-tax profit remained at about £1.8m. The average number of staff


employed per month also increased to 347 from 325 the year before. The company opened its new


‘We are


LEADING ADVICE FROM THE INTERNATIONAL TRADE TEAM


Factory opening aids performance


EDL-John Quinn Packaging during the period and the disposals also affected profitability. Sean Swales, group managing director of


Rotolok, said: "We are very satisfied with another strong overall performance in 2016. "Our underlying earnings remain robust with consistent profit contributors from core business segments within our diverse group.


very satisfied with another


strong overall performance in 2016’


factory in Sri City in India in January 2016 and said it was "encouraged about the opportunities and prospects" the facility will offer. Certain one-off costs relating to the opening


were reflected in the 2015/16 results. It also made the decision to sell the loss- making transit wrap and shrink wrap business


Rotolok’s UK head office "Our bulk and powder handling equipment


continues to be in high demand even though, over the past year, global industrial production has been at zero growth rates." In their report accompanying the results, the


directors added that the weakening of the pound following the EU referendum was expected to boost its 2017 results thanks to the beneficial exchange rates for its exports.


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Email: ryan.cook@diamondlogistics.co.uk May/June 2017 Chamber Profile 13


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