Aubin Reports 30% Increase in Turnover for 2009/10
Aubin has reported major year-on-year growth, recording a rise in turnover of more than 30% to £4.3million for 2009/10 (year end July).
Managing director Paddy Collins said Aubin was on target to grow the business to turnover £5.7million during the current financial year and to more than £10million within three years. He said sales could be markedly higher following commercialization of further new products.
Mr. Collins said Aubin, which has a team of 18, had ambitious plans for further expansion in future, particularly through exports which already account for more than 80% of sales.
Aubin has a strong track record in the Middle East and North Africa, where its specialist chemicals are used by clients including major National Oil Companies. The company’s products have been tested and approved by leading international companies globally.
Further growth is expected through additional sales in the regions, including Libya and Iraq, as well as North and South America, Africa and Australia.
Mr. Collins said, "We have an excellent, talented team and a growing reputation for clever solutions. Our customers view us as technical partners and this has resulted in the creation of long-term business relationships based on trust and mutual respect. We work hard to make sure that our products are consistent, reliable and fit for purpose.
"We have invested heavily in R&D and creating new products over the last few years which we are now starting to bring to market. We have built a successful business, with profits running at approx 10% even during challenging economic conditions, and we expect our new products to have a transformational effect on Aubin."
He added that demand for cement and stimulation products had been strong, with additional business from existing customers, while reorganizing product lines to create a focus on pipeline pigging and cleaning products had won Aubin work all over the world.
Charlie Stewart, director of company growth, Scottish Enterprise said, "We have a strong working relationship with Aubin and have assisted with the development and support to implement their growth strategy. Aubin is a great example of a Scottish company that has developed distinctive products and realized the potential of working internationally."