Bunting Magnetics Europe Ltd recorded their highest ever monthly sales in September 2016. The end-of-month sales figure surpassed seven digits and exceeded the previous highest month by 10%.
Bunting Magnetics is one of the world’s leading suppliers of Magnets, Magnetic Assemblies, Magnetic Separators and Metal Detectors. The European manufacturing headquarters are based in Berkhamsted in Hertfordshire, UK, and they have an extensive overseas network of distributors and marketing agents.
Simon Ayling (above), Bunting’s Managing Director explained the reasons for the continued growth. He said: “September 2016 was the culmination of a period of sustained sales growth.
“Despite the negativity surrounding the recent Brexit vote, sales in both our domestic and export markets continue to be strong. 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 company has been designing, manufacturing and supplying permanent and holding magnets and magnetic assemblies into a wide range of industries for over 50 years.
The second division provides Metal Separation solutions to the processing and manufacturing industries including Plastics, Recycling and Food with a range of Magnetic Separators and Metal Detectors.
Simon continued: “Sales in September were approximately 35% up on our normal monthly run-rate. We experienced strong demand from existing customers and a growth in new customers.
“Sales of Metal Separation equipment into the Food, Plastics and Recycling industries were higher than normal.
“We also completed the design and manufacture of a bespoke, high voltage magnetising system for use in a high performance energy generation business. This was despatched to the client in September for installation before the end of the year.
“We are one of a small number of companies in the world who are able to handle projects for magnetisers.”
At the manufacturing headquarters in Hertfordshire, Bunting also design and supply a wide range of bespoke technical magnetic assemblies.
Simon explained: “In the UK, one part of our design team is focused on developing specialist magnetic assemblies. Many British based businesses want to work with a UK based design team on development projects, resulting in sales growth.
“Our expertise also means we are able to support and supply many overseas clients in Europe and beyond.”
The company boss remains very optimistic about the future, despite the reported concerns about economic downturns since the UK voted to leave the EU.
He added: “We continue to work hard to maintain our growth, expanding our global network of representatives and our product portfolio. We have a proactive marketing and sales plan and great team that keep us moving forward.”