Gas guzzling American drivers are finally waking up to the need to cut emissions – and a Barnsley turbo charger specialist is revving up for US growth.
Melett increased trade with the States by more than 50 per cent in the last 12 months. And bosses believe the trend will continue as vehicle manufacturers continue to cut engine capacity to cut emissions while retaining power with turbos.
Established in 1995, Melett, of Zenith Park, Barugh Green, was bought by managing director Ian Warhurst and his wife Nicola in 2002.
He said: “We are building some strong foundations in the US to prepare for expected growth. The US market is significantly behind Europe in terms of carbon efficiency, and is only just starting to look at reducing emissions.
“As consumers start to demand more energy efficient vehicles the motor industry is looking to British engineering for the latest technological advances.”
Melett is a trade-only supplier of replacement turbocharger parts.
Turnover was £20.2m last year, while pre-tax profits slid from £8m to £6.9m. Export is 90 per cent of business and the firm has won three Queen’s Awards for international trade.
It employs 150 at factories in China and the UK and sales and distribution offices in Poland, Latin America and the US.
Ian Warhurst added “Our commitment to re-investing in the business is demonstrated by our international expansion, moving from our strong home market of Europe to territories further afield, including Russia, the Far East and Australia.
“This year, we moved into manufacturing, with wholly-owned production facilities in China and the UK.
“This gives us complete control over the entire manufacturing process, including new product development, whilst retaining Melett’s rigorous quality standards.”
Grant Thornton has worked with Melett since 2011 providing a range of business advisory services including audit, corporate and personal tax advice, as well as ad hoc advice on VAT, employment taxes and transfer pricin g.