Horn Cutting Tools sees sales growth

Ringwood-based Horn Cutting Tools Ltd recorded a 12% sales growth in 2012 (following a 23% growth in 2011) — out-performing both the general UK economy and its sister companies in the Horn group.

The company improved in most industry sectors but was particularly strong in high-technology sectors; these included aerospace, medical and motor racing — including Formula One.

General manager Mike Green (pictured) says the company is very strong in applications where volumes are modest, but added value is high and a quick turn-round is required. “This is partly due to our special tooling capability, which allows us to deliver significant gains in productivity for a comparatively small cash outlay.”

Mr Green says future growth in the UK is expected to come from suppliers of equipment to the oil and gas industry and the aerospace sector, with medical and automotive continuing to make a major contribution.