According to The Sentinel, “Steelite sales for 2011 reached £66.3 million, up 9.4 per cent from £60.6 million the year before. Pre-tax profits were unchanged at £7.9 million due to high levels of investment.”
Steelite has increased it’s U.K. factory employment by more than 7% according to The Sentinel and plans to add 200+ more employees when their adjoining U.K. new factory comes onboard. Steelite has planned to spend £12 million on the factory that will be next to the existing company location.
Steelite Chief Executive Kevin Oakes, spoke about how the company has managed to grow in the various global markets. Calling the company’s performance as “outstanding”, Oakes said: “We have reinvested heavily in all areas of the business, particularly manufacturing but also sales, marketing and training which has put us in a really good position. Our results are down to an excellent team effort – we have great people in every department in every office.” 
CEO Oakes added: ”I have just returned from Asia which is a very competitive market and customers there place a great deal of faith in the fact that our products are made in England. The UK remains very challenging and continues to bump along the bottom. That said, in our sector there are some brands that are doing very well and I believe that is because the products they offer are very good and they are reinvesting in their businesses; that is what we are doing.”
Well Done. In challenging times…….
You can read the entire article by going here:
http://www.thisisstaffordshire.co.uk/Steelite-announces-record-results-Wade-Ceramics/story-15933891-detail/story.html
You can see the entire lineup of Steelite products by going here: http://www.steelite.com/
