Angus-based textile specialist, The Wilkie Group, has announced its annual results, posting a 35% increase in turnover with net profits more than doubling.
The company made the announcement during a Scotland Is Now Showcase in Beijing.
Contracts from China, Europe and the USA have added to significant domestic wins for the company, reinforcing how international business can boost Scottish company growth.
The Wilkie Group has a global footprint that includes manufacturing facilities in Scotland, China and India, and has been operating in China since 2007. In 2015 they opened a new £5m purpose built factory in Jiaxing near Shanghai.
Jack Ellis Body Protection (a trading division of the Wilkie Group) recently won a significant contract to supply protective vests to the Hong Kong Police and Customs authority, valued at £1.6m.
Following the contract win, the Wilkie Group invested in state of the art automatic cutting machinery, which enabled it to leverage its Advanced Textile Technology by increasing turn-around speed and offering high volume production of technically advanced protective vests to its domestic and international customers.
Scottish Development International (SDI), has worked with the Wilkie Group for many years, recently moving the company into its high growth scaling portfolio.
Speaking at the showcase, Julian Taylor, executive director for Asia Pacific at SDI, welcomed the announcement: “I am delighted to see the significant growth of this innovative Scottish company.
The Wilkie Group developed its market leading Advanced Textile Technology product to stay relevant in an industry whose origins date back hundreds of years, winning new customers. They are delivering significant global growth in terms of both turnover and profits. Their business has world leading manufacturing in both China and Scotland, demonstrating both innovation and collaboration.”
Jean-Christophe Granier, managing director, J&D Wilkie said: “I believe our recent win of the Hong Kong Police Force tender is a watershed moment for Jack Ellis Body Protection and the Wilkie Group – it recognises we have the right people, working hard in the right direction, to release the undeniable potential of our Advanced Textile Technology in our global market.
“On behalf of Jack Ellis Body Protection and the Wilkie Group I would like to thank Scottish Enterprise and SDI for their assistance in making international trade and expansion easier with less barriers, whilst promoting Scotland’s image and skills overseas.”