Simon Ayling
Simon Ayling outside Bunting's EU manufacturing headquarters in Hertfordshire, UK.
Bunting Magnetics Europe Ltd. has recorded its highest ever monthly sales figures for September 2016.
The company, which has its European manufacturing headquarters in Berkhamsted in Hertfordshire, UK, says its September sales surpassed seven digits and exceeded its previous record highest month by 10 percent.
“September 2016 was the culmination of a period of sustained sales growth,” explained Simon Ayling, Bunting’s Managing Director.
“Despite the negativity surrounding the recent Brexit vote, sales in both our domestic and export markets continue to be strong. And feedback from our network of overseas representatives remains very positive.”
Bunting has two distinct divisions within the business. The first specialises in providing total magnet and magnetic solutions and the second provides metal separation solutions to the processing and manufacturing industries.
“Sales in September were approximately 35 percent up on our normal monthly run-rate,” Ayling continued. “We experienced strong demand from existing customers and a growth in new customers.”
Ayling says he remains “very optimistic” about the future, despite the reported concerns about economic downturns since the UK voted to leave the EU.