Advanex Europe have won awards for Business of the Year and Technology in Business from The Newark Business Awards 2016.
Advanex endured a rigorous application process to win the Technology in Business Award, which looked at various aspects of the business such as manufacturing processes, innovation and financial performance. Advanex Europe were then also awarded the Business of the Year Award when assessed against winners from each other category.
The awards were presented at Kelham Hall, Newark on December 5th. Throughout the judging process Advanex Europe were able to demonstrate an exceptional level of dedication to manufacturing excellence with particular emphasis placed on their achievements with the industry accredited KATO CoilThread®, a world leader in the helical fastener market. Advanex have developed the unique KATO CoilThread®, a threaded insert that can save up to 40% installation time compared to conventional inserts.
With a team of just under 200 people, Advanex Europe is based on 2 sites within Nottinghamshire; Glaisdale Drive in Bilborough and Mill Park Way in Southwell.
The team has grown the business to sales of £14m, which are set to double over the next 5 years.
Ian Beardsmore, Managing Director comments “What a fantastic achievement! We were thrilled to win the award for Technology In Business but to then hear that we had won the main award for Business Of The Year was amazing. We are immensely proud of our teams at both sites and would like to thank everyone that is involved in helping our business achieve so much. By winning this award it will help us to differentiate our business as we strive for manufacturing excellence across all levels of our operation”.
Advanex has over 22 operations across the globe in locations such as Japan, Singapore, Thailand, China, America, Mexico, Vietnam, Europe, India and Indonesia. Advanex Europe manufacture millions of springs and other precision metal components for industries covering medical, pharmaceutical, aerospace, electronics and the automotive markets.