Tamworth, UK -- Adhesives producer Apollo Chemicals Group is to explore new markets and expand into Europe and beyond with backing from Yorkshire Bank's Financial Solutions Centre in Birmingham.
The £18-million-a-year ($27.5-million) turnover group, which consist of Tamworth-based Apollo Chemicals Ltd and Raleigh Adhesives Coatings Ltd in Eccleshall, near Stafford, manufactures commercial and industrial adhesives, self-adhesive tapes and coatings for a wide range of industries and markets.
Discussing the commitment to developing exports, Jonathan Saunders, managing director of the family owned business, said he has recently appointed an experienced multi-lingual business development manager. "We're looking to gain further business in the UK, Europe and further afield."
Noting favourable exchange rates and big markets to explore, Saunders added: "Our products are used in a vast range of applications from structural panels for the construction industry to fabric lamination for the lingerie market and that diversity has been a big help in the recession."
Chairman Robert Saunders noted his pleasure in the company's performance in what have been very difficult times for most businesses.
Apollo Chemicals, which employs over 100 people, manufactures high-performance PU and solution adhesives and was formed in 1972. Raleigh Adhesive Coatings was spun-off over 20 years ago to specialise in the custom coating of adhesives.
Saunders commented: "Moving forward we will continue to drive innovative products in our established markets in the UK as well as explore overseas opportunities."
Nigel Wood, business banking partner at Yorkshire Bank in Birmingham, said "The company has performed excellently despite the economic conditions and they are now seeking to expand throughout Europe," he said.
PIC l-r Jonathan Saunders with Caroline Dredge and Nigel Wood from Yorkshire Bank