A Silsden engineering firm, which is seeing strong demand for its manufacturing and distribution operations, is putting down roots in key overseas markets to help win more business.
Advanced Actuators achieved a 40 per cent increase in turnover last year to around £3 million and expects that to grow to £4 million during 2014 as it focuses on the oil, gas and power-generation sectors.
This year will see about 90 per cent of three types of electro-hydraulic actuators for the oil and gas, power generation, mining, quarrying and steel industries exported, either directly or via UK customers.
Advanced Actuators moved from it 3,000 sq ft home in the centre of Bradford to a 17,000 sq ft purpose-built building in Silsden after outgrowing its premises.
The company now has 29 employees and has recently appointed a general manager in the Middle East, has a distributor in India and is planning to appoint others in Malaysia and Iraq as well as working within government guidelines to develop prospects in Iran as political relations with that country soften.
Managing director Chris Woodhead has just returned from India and was due to fly to China this week where the company is looking to clinch its first order and become a regular supplier to an oil and gas contractor.
In a few weeks he will also travel to Germany to discuss prospects.
To support Advanced Actuators’ expansion plans, Lee Ellerton has been promoted to engineering director and Graham Coulton has become production director.
Mr Woodhead expects another three or four staff will be needed in Silsden and the firm is also using two University of Bradford post-graduate engineers on new product development.
Chris said: “Lee and Graham’s new positions bring an increased responsibility for all contracts from order placement to product dispatch, alongside the launch of new product ranges and the development of our onsite facilities. Their involvement with the business means I can take on a greater role expanding the portfolio in the Middle and Far East, which is where we anticipate a further 20 per cent growth in 2014.
“While our 2012-13 financial year was exceptional, we secured 80 per cent of last year’s turnover just one month into our new financial year. This is a significant growth period for Advanced Actuators and we anticipate further job creation.”
While Advanced Actuators developed products for a range of sectors, Mr Woodhead said its key focus was the growth areas of oil, gas and power generation.
Business is also booming at Advanced Component Technology, which was appointed the sole distribution centre for Kawasaki hydraulics.