Nylacast placed amongst Britain’s fastest growing international sales stars
Published on the 12th of June, the seventh annual Sunday Times HSBC International Track 200 league table ranks Britain’s mid-market private companies with the fastest-growing international sales.
Nylacast, a leading manufacturer of engineering plastics, ranked 150 in the Track 200 league table for the first time. Placed amongst worldwide brands ranging from travel search engine Skyscanner to high street chain Pret A Manger, the 200 ranked companies together grew their international sales over the last two years by an average of 39% a year to a total of £7.1bn, and employ 117,000 staff – having added 27,000 jobs over the period.
Employing 410 members of staff worldwide, international sales at Nylacast hit £26.7million in 2015. Operating within key industries, the engineering firm work closely with manufacturers to develop performance and efficiency enhancing solutions for household names including CAT, JCB, BP, SHELL and GSK to name a few. Nylacast also provides award winning steering components for vehicle manufacturers, helping to steer over 60 million vehicles worldwide.
Mussa Mahomed, Nylacast Group CEO, commented: “It has never been a better time to promote the best of British engineering and exports, we are delighted to be ranked in The Sunday Times HSBC International Track 200. Currently proudly exporting over70% of our UK Engineered and manufactured solutions to over 43 countries, we aim to excel our British exports further through continued business growth and further development of strategic worldwide, ever increasing opportunities and partnerships in diverse sectors, enabling creation of an even stronger UK base including new bigger manufacturing facilities in Leicester-UK and further local Jobs opportunities to add to our very successful team of creative people, whom without this success would not be possible.”
The Sunday Times HSBC International Track 200 is compiled by Oxford based research company Fast Track, and is sponsored by HSBC for a seventh year. Amanda Murphey, UK head of corporate banking at HSBC, commented:
“The Sunday Times HSBC International Track 200 is a great reflection of the value of building connections overseas. The world is getting smaller and for ambitious businesses, the opportunities to source goods and services and to grow organically via international trade, digitally or on the ground, are easier than ever.”