Announcement of 2018 Half Year Results

Posted on: 4th Sep 2018

Office desk and documents

 

PolyGlobal has today announced its initial half year performance results with significant successes shown across the board in the first six months of its financial year. Despite the uncertainties over the future of the UK’s relationship with the EU, export growth has continued to be strong.

Managing Director Jordan Cook “We have invested heavily in our manufacturing capabilities to ensure we remain in advance of ever-growing demand. Already, we have produced over 1.2 million parts, a significant increase against the same period last year. Our key strength is the ability to remain responsive to market changes and developments and we have focussed on successfully growing our diverse customer base.”

Company Performance

This year has seen PolyGlobal invest substantially in machinery, IT systems and processes. Following this investment, Overall Customer Orders have shown an impressive growth of 26% against the same period in 2017 and therefore the dedication to excellence combined with their progressive approach has rewarded them with a strong financial results.

Construction & Aggregates

 

construction image

 

An ever increasing demand for solutions and components within the Construction and Aggregate Screening industry have resulted in this being the largest sector of growth at a 70% increase against the same time period in 2017.

In 2018 PolyGlobal has collaborated further with their raw material partners to considerably develop their library of raw materials for this market sector. Improvements in tough, highly resilient and abrasion resistant options have underpinned the growth is this area. PolyGlobal’s core range of materials include Polyurethanes, Nylons, Polypropylenes, Acetals, and TPE’s/TPR’s which offer a wide scope of characteristics and properties.

International & European Export

 

Global Distribution

 

PolyGlobal is an International solutions provider with customers located around the world. Export sales comprise a highly significant aspect of total turnover and European Export in particular has delivered strong growth at 13% YTD.

The company supplies components to the most critical industries in the world including Agriculture, Automotive, Construction and Aggregate Screening, Offshore and Marine, Rail and Manufacturing. They are proud to have formed strong working partnerships with customers in over 15 countries worldwide including mainland Europe, Scandinavia, USA & China.

Business Summary

PolyGlobal, a Wakefield based solutions provider, specialise in the injection and cast moulding of engineering plastics and the design and manufacture of bespoke tools.

For over 30 years PolyGlobal have been committed to meeting the demands of the markets they supply into which is reflected in their mission statement:

“To provide market-leading moulded components and innovative engineering solutions that facilitate crucial applications in critical industries across the world.
A proactive approach throughout all aspects of our business means we will remain responsive to market conditions and maintain excellence in manufacturing. This will ensure we are the long-term partner of choice for our customers.”

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