Overall turnover increased by £2 million to £19.3 million during the last financial year, including strong growth within the machining and EDM sundries division, and a 46% rise in turnover within the tooling division, Erodex Tooling Solutions. Following a strong start to 2019, the company is now set to surpass total sales of £20 million.
Erodex has continued to benefit from a strong and growing reputation within the global aerospace industry. Notably within the context of a post Brexit Britain, a large proportion of new business has been won outside of the EU, in countries such as Israel, USA and Mexico.
Director Steve Rolinson commented: "We operate in a mature industry, so achieving the level of growth that we continue to achieve is testament to our people, the expertise that we have within the group and our constant efforts to innovate. Export sales have increased significantly, our US operation continues to grow year on year and we have secured a further three customers in Mexico for tooling and EDM electrode work.
“Within the UK, the 46% growth in our tooling division follows on from the success of previous years and our decision to invest in our own toolrooms as well as dedicated tooling inspection facilities. In addition to designing the optimum electrode, electrode holder and workpiece holder, Erodex Tooling Solutions design and manufacture the whole package, all with a single point of contact. This is unique in our market and we continue to see more and more customers buying into this mindset because of cost and time savings.”
Within the period the company has made investments totalling £1.2 million and also surpassed a total head count of 100 members of staff. Erodex added 15 new people to reach a total of 109 within its workforce, including the recruitment of five new skilled operators within the machine shop.
To continue to future proof the workforce, three new apprentice tooling engineers were also recruited.
Erodex UK www.erodex.com