Pan Stone Europe, a family-run distributor of moulding machinery based in Wrexham, UK, is seeking to double turnover within three years.
The North Wales company distributes injection and compression moulding machines for manufacturing rubber and silicone parts for sectors including oil & gas, aerospace, automotive and pharmaceuticals.
Over 70% of the company’s turnover is through export sales in Ireland and Europe, added the company, which is sales agent for Pan Stone Hydraulic Industries – a global supplier of compression/injection moulding machines.
In a statement, Pan Stone Europe said it expects sales of over £3 million (€3.4 million) this year, compared to £2.2 million in 2017, and aims to hit the £6 million revenue mark by 2021.
Pan Stone Europe currently has nine employees and said it anticipates adding further members to the team over the coming months. It is being helped with its expansion plans by support by Business Wales’ Accelerated Growth Programme (AGP), added the 10 May press release.
Pan Stone was set up six years ago by managing director Stephen Murphy. His son Joshua is one of the firm’s service technicians, and daughter Hannah is a business administrator.
Phill Harry, who has more than 30 years’ experience in the electronics and electrical industry, has joined as operations director to help drive the growth plan.
Pan Stone is constantly innovating to meet customer demands and has done a lot of work around automation and robotics, according to Stephen Murphy.
“We have customers in many countries across Europe and regularly take prospective clients to see our machines on site at customers’ plants and at our showrooms in Wrexham and Slovakia as well as reference sites at customers in the UK and Europe,” the stated.
“We are investing in our business both in terms of talented people and putting in place the best possible systems and processes, Murphy concluded.