Lord Lieutenant of Cumbria presents northern foundry group with Queen’s Award for Enterprise
BONDS, the northern foundry group, received its Queen’s Award for Enterprise 2011- International Trade, on Wednesday, 10 August 2011 at its foundry in Alston, Cumbria.
Sir James Cropper, Lord Lieutenant of Cumbria, toured the foundry before presenting the award to Bonds chairman, Paul Duncan in front of some of the 171 employees.
The honour was awarded to Bonds on the strength of growing its direct export sales five-fold over the last three years to £5.7 million. In 2010, Bonds exported to 18 countries, primarily in Europe, but also including Argentina, USA, Australia, UAE, Singapore and India.
Bonds also announces the purchase of the former Kenmore site on the Beechburn Industrial Estate in Crook, County Durham from Parker Hannifin.
“The acquisition of this ten acre site will enable Bonds to continue to grow and will complement the successful businesses at Tow Law and Alston,” said Paul Duncan.
Bonds currently comprises two foundries:
- Bonds Foundry, located in Tow Law, County Durham since 1868, specialises in high integrity castings for the power generation, oil/gas, marine/offshore and construction sectors and has turnover of more than £9 million.
- Bonds Precision Castings produces fine definition, small steel castings from its site in Alston, Cumbria. It has turnover approaching £4 million and produces mainly impellers for the worldwide pump industry.