Bonds Recognised for Strong Export Growth
Bondshold, the northern foundry group, is one of the fastest-growing exporters amongst private SMEs, according to the 4th annual Sunday Times Lloyds SME Export Track 100.
Over the last two-year period Bonds’ export sales have grown by 67% to £12.1 million with significant growth in exports to Germany, the USA, Australia and Denmark.
The acquisition of Bonds Heavy Castings in Scunthorpe in 2016 enabled greater access to new sectors and Bonds now has a strong foothold in the supply of castings to the cement, mining and energy markets.
South Africa, Finland and Chile were new markets for Bonds’ exports and South Africa now ranks as Bonds’ 10th largest export market.
Paul Duncan, Bondshold chairman, said: ‘Since we bought our first foundry in the year 2000, which was supposedly a declining sector, we have had aggregate turnover of £175m mainly from direct and indirect exports. We now have four foundries, over 300 people and turnover of £22m with direct exports of £12m in 2017.
‘We have appeared twice before in Sunday Times FastTrack rankings, but we are particularly pleased now to place in the Sunday Times Lloyds SME Export Track 100 as exporting is our forte and our life blood.’