Managing director Andy Cook said: “FFEI’s business is based almost exclusively on export, so our strong product range, combined with recent currency movements, has seen us capture significant market share in some of the world’s major developing countries.”

The growth in export sales for FFEI’s CTP and inkjet products continued in Q3 when several “major contracts” were signed for orders from India and China, where the company opened a manufacturing facility in 2007.

Cook said: “CTP sales were up 28% and that was mainly down to China, where a lot of our revenue growth comes from, and also India, which started to see growth in Q3.”

He added that FFEI had moved a sizeable amount of its assembly work and its supply deals from China back to the UK.

“Because of the value of the pound, it has given us, strangely, efficiency savings to move the assembly work back to Hemel Hempstead,” he said.

Read the original article at www.printweek.com.

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