Nylacast named among Britain’s fastest growing global stars

Posted on 16 Jun 2016 by Jonny Williamson

Nylacast, a leading manufacturer of engineering plastics, has ranked 150 in the seventh annual Sunday Times HSBC International Track 200 league table for the first time.

The league table ranks Britain’s mid-market private companies with the fastest-growing international sales, with Nylacast placed alongside worldwide brands ranging from travel search engine, Skyscanner, to high street chain, Pret A Manger.

International sales at Nylacast hit £26.7m in 2015 – image courtesy of Nylacast.
International sales at Nylacast hit £26.7m in 2015 – image courtesy of Nylacast.

Combined, the 200 ranked companies grew their international sales over the past two years by an average of 39% a year to a total of £7.1bn, and employ 117,000 staff – having added 27,000 jobs over the period.

Employing 410 members of staff worldwide, international sales at Nylacast hit £26.7m in 2015.

Operating within key industries, the engineering firm works closely with manufacturers to develop performance and efficiency enhancing solutions for household names, including CAT; JCB; BP; Shell, and GSK, among others.

Nylacast also provides award-winning steering components for vehicle manufacturers, helping to steer more than 60m vehicles worldwide.

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Nylacast Group CEO, Mussa Mahomed commented: “It has never been a better time to promote the best of British engineering and exports, we are delighted to be ranked in The Sunday Times HSBC International Track 200.

“Currently proudly exporting more than 70% of our UK engineered and manufactured solutions to over 43 countries, we aim to excel our British exports further through continued business growth and further development of strategic worldwide targets.

Mahomed also pointed to ever increasing opportunities and partnerships in diverse sectors, with the aim of creating an even stronger UK base, including expanding its manufacturing facilities in Leicester and adding further local jobs opportunities.

The Sunday Times HSBC International Track 200 is compiled by Oxford-based research company Fast Track.

Amanda Murphey, UK head of corporate banking at HSBC, commented: “The Sunday Times HSBC International Track 200 is a great reflection of the value of building connections overseas.

“The world is getting smaller and for ambitious businesses, the opportunities to source goods and services, and to grow organically via international trade, digitally or on the ground, are easier than ever.”