Investment in new equipment by label maker, IML Labels and Systems, is helping the Meadowhall-based firm to build on a 10 per cent increase in sales last year.
The 40,000 investment in the latest British equipment was backed by Yorkshire Bank's South Yorkshire Financial Solutions Centre and has allowed the firm to replace manual operations, re-deploy staff, operate more competitively and break into new markets.
Managing director, Shaun Higgins, said: "Our business has considerable expertise and, after successfully winning new contracts in the UK, Europe and Middle East during the last 12 months…the acquisition of this machinery is the latest in a series of planned technological acquisitions as part of moves to enhance efficiency and widen our services.
"Our success in penetrating new overseas markets has enabled us to achieve the same turnover levels as before the recession and we are expecting to build on this in 2011. Transferring to Yorkshire Bank South Yorkshire FSC for our banking needs has meant we can free up funds through its Investing for Growth initiative. As government-based funding packages are cut in the quest for economic stability, prime lenders will become more critical to small businesses and we are looking forward to a long-term mutually-beneficial business partnership."
IML Labels and Systems was founded in 1935 by Hall Engineering. The business originally supplied labels for the metal engineering sector but has expanded into the chemicals, medical sterilisation and construction products sectors, where labels need to remain secure and clear even when stored outside in wet or freezing conditions.
The company was acquired in 2001 by Ken Cook, who took over as managing director and is now chairman and financial director.
It employs around 50 staff in Sheffield and Shirebrook, where it produces plastic and chrome badging, and digitally-printed branding badges.
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