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Business secures Export Award

 

At this years’ Insider Made in the Midlands 2014, specialist steel manufacturer Caparo Precision Strip (CPS) took home the Exporter Award. The business secured the win on the night as they demonstrated the most exciting and significant impact on exports within the West Midlands. Caparo Precision Strip was therefore able to add the Award to their previous accolades as a result of their year-on-year sales growth in China.

 

Caparo Precision Strip is a specialist manufacturer of precision steel strip. Products include mild steel, hardened and tempered strip, bi-metal strip and pin-point carbide strip in mild, carbon and alloy steel grades. With 2 manufacturing sites in the West Midlands, the company supply many leading industries including automotive, hand tools, machine tools, medical, construction, forestry, food and general manufacturing.

“What impressed the judges most about Caparo Precision Strip was the high proportion of steel products [that] was being sold to China, one of the world's biggest steel manufacturers.” With quality products marketed by the business, it is no surprise Caparo Precision Strip increased its sales to China by 30% in 2013. Exports to this country represent 28% of CPS’ sales, a figure which is expected to rise, showcasing the businesses desire and ambition for growth and development.

On receiving the prestigious award, Eugene Harkins, Managing Director of Caparo Precision Strip stated, “It is an honour to be a recipient of this award; it celebrates our commitment and hard work in the development of our overseas market. We would like to thank the judges at Made in the Midlands, it is good to be reminded that what you are doing and achieving is noteworthy.”

Furthermore, Caparo received nominations in further categories highlighting the depth and quality of the business. Caparo Precision Strip was also shortlisted also for the Sustainable Manufacturer Award, while Caparo Industries Plc were shortlisted for several awards including the Sustainable Manufacturer Award, the Exporter Award and the Apprenticeship and Training Award.