Product category:
Timber Buildings and Timber Products
News Release from: Lawcris Panel Products
Edited by the Buildingtalk Editorial
Team on 23 March 2007
Lawcris exceed growth predictions
Lawcris Panel Products has exceeded its own expectations to see turnover increase to almost GBP34m in 2006.
Despite challenging market conditions and pressure on margins, Lawcris Panel Products has exceeded its own expectations to see turnover increase to almost GBP34m in 2006 - almost GBP2m more than anticipated The Leeds-based company is upbeat about future growth and predicts a 20% year on year increase in turnover as it continues to gain further market share
This article was originally published on Buildingtalk on 29 Apr 2003 at 8.00am (UK)
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"We see the 2012 London Olympics as a major opportunity and will also be looking to expand our product lines as well as develop new market sectors and territories," says Managing Director, Simon Hall.
"As an independent business in a highly competitive market we remain hungry".
"No company can afford to become complacent no matter how well it is performing and we continually strive to deliver the quality and range of products along with the service levels expected by our customers".
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Lawcris has been successful in securing a number of prestigious new customers over the past 12 months.
"We are now working with a range of blue chip businesses who know that, as experts in the sector, we can and will meet their needs," says Hall.
"As a result we have gained market share and through these customers, Lawcris products can be found on almost every high street in the UK".
The shop fitting sector remains the largest market for Lawcris, a market that continues to thrive.
"This sector has become very design-led and, as an innovative and forward thinking supplier, we are able to both tap into but also create the demand for high quality, cost-effective panel products which allow retail businesses to update their in-store designs on a regular basis." Other key sectors include kitchen and furniture manufacturing, the exhibitions business and building and joinery firms.
On-going investment in logistics and personnel has also boosted business for Lawcris over the past 12 months.
"We are a big employer in the local area and have seen staffing levels continue to grow to meet customer demand".
"This, coupled with the strong emphasis we place on logistics, ensures we remain competitive as we expand our distribution further into Scotland and new territories in the south of England".
"We see control of delivery and logistics as vital and 2006 saw us invest more than GBP350,000 in new delivery vehicles".
Lawcris holds over GBP2m of stock on a three-week turnaround basis to ensure continuity of supply.
Coupled with an extensive range of services, including its CNC sawmill and press line, the company remains in a strong position to maintain and develop current growth levels".
"These factors have been very important in helping us to attract new business and develop new in-house services," says Hall".
"We are seeing a big growth in melamine faced MDF and chipboard in particular.".
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