Nonwovenn, headquartered in Bolton, UK, is marking 18 years of consecutive profitable growth, delivering a turnover of £45 million in its latest financial year with a more than 20% increase in earnings.

The business is also now targeting an ambitious goal of growing turnover to £80 million by 2028.

The company’s four-year growth plan follows an extensive £13 million business transformation programme which has included significant self-funded capex investment in manufacturing, plant and equipment, an end-to-end operational efficiency programme and an enhancement in R&D and innovation capability.

In addition, the executive team has been strengthened with a number of senior appointments.

The focus for Nonwovenn over the next four years is to build on a leading position in niche, high value and high growth segments in markets across Europe and North America. Central to this, will be an increased focus on new technical fabrics that are used in products that enable harm reduction across many aspects of life.

“To have 18 out of our 21 years be profitable is something many businesses only dream about,” says chairman David Lamb. “We are incredibly proud that even in a sector that is under so much pressure, we have continuously achieved profitable and sustainable growth. It is largely thanks to the investments made in the business to improve our products, streamlining our systems, and the market leading board we have built.

“We are looking to double our turnover in the next three to four years, with profits growing at a similar rate. We chose to create a new board to drive this growth forward and bring in the expertise needed to enable the internationalisation we are aiming for. It’s a very exciting time for the business and we cannot wait to see where the next few years take us.”

“We are really looking to expand into the North American and European markets initially, and then look to branch out even further,” adds commercial director Silke Brand-Kirsch. “Our offering plugs a gap in the market and with our leading research and development, expert board team and focus on sustainable and innovative growth we can continue to give the market exactly what it needs.”

www.nonwovenn.com