Strong half-year results plot MGS Technical Plastics growth to £10m

Rapidly growing MGS Technical Plastics, the Blackburn-based plastic injection moulding specialist, has revealed its half-year figures, showing that the company is well on the way to its £10m growth target.

The accounts, which cover trading for six months to the end of September 2015, put the company on course for £4m turnover this year. This closely tracks the company’s plan to expand to an annual turnover in excess of £10m within five years.

Since then, it has spent more than £10m on new machines and specialist engineering equipment. Headcount is up to 40 and they plan to recruit 15 more within two years.

“Over the last 12 months we have seen an increasing number of customers bring business to our home market rather than reach out to overseas suppliers. They now appreciate that we can provide better quality, quicker turnaround, lower transport costs and more convenient stockholding levels.