Nifco increased its operating profit to £3.8m in 2013, up from £1.4m the year before, according to the Stockton-On-Tees company. Turnover at the injection moulder grew from £40.9m to £49.8m, partly as a result of a boom in the UK automotive sector.
Director Mike Matthews said: “For the last five years we have set new business achievement targets every year. In 2013 this was sales nominations in excess of £20m, with higher expectations for 2014. Current projections see Nifco UK achieve somewhere in the order of £100m by 2020.”(…)
via Plastics & Rubber Weekly – Nifco feels the benefits of automotive boom.