Fintec receives royal accolade for export excellence

Jul 28, 2008

Dungannon company Fintec Crushing and Screening Ltd’s export excellence was recognised today when it received the Queen’s Award for Enterprise.

Economy Minister Arlene Foster congratulated the company as a second time winner of the award at a ceremony in Dungannon today. Fintec achieved the award for the first time in 2006.

The award, which is the UK’s highest accolade for business, recognises Fintec’s outstanding achievement in international trade, achieving overall sales growth of around 300 per cent over the past three years.

The Duke of Abercorn, Lord Lieutenant of County Tyrone, formally conferred the award upon Fintec at a special ceremony at the company’s premises. The entire workforce of over 300 staff also attended, as well as senior executives from Swedish multinational Sandvik AB, which acquired Fintec in May 2007.

Congratulating the company at the ceremony today, the minister said: “The Queen’s Award for Enterprise is only bestowed upon companies that have achieved substantial and sustained growth in overseas trade. The award winners are chosen with the assistance of industry representatives, senior government officials and the Prime Minister, so there is no stronger endorsement of a company’s performance.

“The company continues to invest in research and development and staff training in order to streamline processes and enhance its product range. Indeed, the company has recently, with the support of Invest NI, committed almost £800,000 to help staff and management further develop quality control mechanisms and integrate new production techniques.

Mrs Foster continued: “With a longstanding commitment to innovation and a heritage of manufacturing excellence stretching back over 50 years, Fintec has developed technologically advanced products which have secured a reputation for quality across the world.

“These attributes, alongside the company’s strong overseas sales and marketing capability, have contributed to its recent success and can only be further strengthened by the global reach of new owners Sandvik.

“Fintec is an outstanding example to other local manufacturers and I warmly congratulate all the staff on securing their second Queen’s Award in three years.”

Paul Colton, Operations Director at Fintec, said: “The last three years have seen us achieve a level of sales growth which is unprecedented in the history of the company. With support from Invest Northern Ireland during this time, we have expanded our premises and boosted our capability, creating a substantial number of new skilled jobs, and invested in identifying efficiencies which have so far saved us over £1million in running costs.

“We have also embedded a culture of innovation and continuous improvement within our talented workforce, which was instrumental in securing our acquisition by Sandvik AB.

“Fintec’s success has culminated in achieving the Queen’s Award for Enterprise once again. The award is a great honour for the company and a tribute to all of our staff. It will provide us with a sound foundation on which to base future export growth.”

The investment in staff training and development is backed by Invest NI’s Business Improvement Training programme, which is part funded by the European Union European Regional Development Fund.

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