Bindatex, a specialist in the precision cutting of composite materials, says that it expects to increase turnover by 53% this year.
This growth follows the previous year’s impressive increase in turnover, which was up by 230% from 2013.
‘The company has experienced tremendous year-on-year growth in the last three years,’ Chris Lever, MD at Bindatex, told bdaily.co.uk. ‘With more and more orders being made, and our move to a bigger site on the horizon, we expect to increase turnover to above £1 million in the next couple of years.’
The company started out as a supplier of pre-cut textiles and papers to the bookbinding trade. However, due to increasing customer demand in the composites prepreg sector, Bindatex has invested in purpose-built equipment to enable narrow width slitting of thermoset and thermoplastic prepreg to high tolerances for use in automated fibre placement (AFP) and automated tape laying (ATL).
‘Through innovation and technology, we have been able to expand our offering significantly over the past few years,’ Lever added. ‘We will continue to invest in the development of our services, which will in turn see the business grow – both in size and financially.’
This story is reprinted from material from Bindatex and bdaily.co.uk, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
