Ivybridge, United Kingdom (PressExposure) November 07, 2009 -- Luminati Waycon Ltd, which manufacture all their products from its base in Devon produce a range of stylish acrylic and perspex display units and furniture for home, office and retail use. Luminati Waycon reports an increase in manufacturing output of 10% in the second quarter of this year compared to a decrease in national output of 0.2 % during the same period.
Established in 1983 Luminati Waycon moved to premises near Ivybridge just over five years ago and in that time the business has more than doubled its turnover to Â£1.9 million. The acrylic manufacturer is now all set to achieve an increase in turnover this year by 17% despite the tough trading conditions. The encouraging news is thanks to a buoyant export market and growing UK market for its products.
Steve Senior, director of Luminati explains, "We are looking at growing export sales by 60% this year. The exchange rate has been favourable but we are also concentrating on developing innovative new products for specific market segments. Combine this with further investment in production technology earlier this year and the business is performing to plan."
Luminati Waycon produce industrial and lifestyle products from; display cabinets and newspaper stands to top quality desk top and lounge room furniture. The broad product range has obviously been beneficial during the economic crisis, but Luminati has been busy securing new markets for their products and developing new product ranges. One new burgeoning market for Luminati this year has been established within the car show rooms despite the state of the car industry.
Steve Senior continues "We are supplying bespoke display units to three of the worlds" top 20 car manufacturers and to one F1 race team. Some of these orders have been within the UK and increasingly in Europe.
Despite a bulging order book, Luminati tries hard not to source manufactured goods from the Far East " focusing instead on manufacturing ethically in the UK. "We employ 30 people and the community which we live and work in is important to us. We want to be manufacturing here." says Steve Senior. "We source the majority of our supplies and raw materials locally from ethical suppliers with just 10 percent of raw materials originating from outside of Europe".
To celebrate this fact the business has just launched a "proudly made in the UK" logo which now appears on all their products.
Steve Senior explains: "We have built the company up based on quality standards combined with a highly skilled workforce. We offer innovative design and products of exceptional quality and bespoke to our customer's requirements. Our niche is concentrating on shorter production runs. I believe British manufacturers, particularly SME's, are creative, flexible and reactive to suppliers needs and now, more than ever, it's important to support them. The UK economy needs to focus on exporting goods to strengthen the economy and reduce importing products by sourcing materials locally."
The current financial situation forced Luminati to look at manufacturing processes to reduce costs and increase productivity. Meanwhile they have increased expenditure on specific marketing disciplines and market research into new potential markets. A delegation to the Middle East is planned for November and just like the diamond polish finish on many of their products the future is looking bright.
For further information visit: http://www.luminati.co.uk
Notes to Editors
Luminati Waycon Limited, Lower Unit 1, Redlake Industrial Estate, Bittaford, Ivybridge, Devon, PL21 0EZ
Luminati Waycon Ltd, is a leading manufacturer of acrylic and perspex display units and furniture based in Ivybridge, Devon. All Luminati products are proudly manufactured with care in the UK.
Luminati is committed to reducing its carbon footprint to help protect the environment and provide a legacy for future generations. Raw materials are sourced from ethical producers with just 10% of raw materials originating from outside Europe.
Luminati Waycon Ltd strives to offer unique solutions that are designed and engineered to fit any individual requirement and are manufactured in the UK. They are committed to the environment and to support the community around them.