2010 was the 134th year of trading for Bartoline Limited, and despite the gloom and doom surrounding the economy, ended as one of the most successful trading periods in the firm’s history.
Despite expectations to the contrary, sales held up well with an increase in turnover. This is a remarkable feat when considering the challenges faced with rising oil markets – most of the company’s product are directly derived from refined oil products.
We have also been challenged with other raw material rises, especially in the polymer and paper markets, both of which are utilised extensively in the manufacturing processes of the majority of products we supply.
The fillers and adhesives division has faired particularly well with several new contracts being secured with major multiple trade and retail outlets. As a result, a factory extension programme is currently under review, which could lead to increasing manufacturing space by over a third.
New product lines were added during the year, including Plaster Tile & Cove Adhesives, which are selling especially well to own label clients. TX10, the replacement introduced last summer for Methylene Chloride paint stripper, has also been extremely well received, with some larger customers even delisting brand leaders in favour of their own label. Easipaste, a ready to use wallpaper adhesive specially formulated for the retail market, is also selling well with sales expected to increase further due to the resurgence of wallcoverings in the DIY market.
2011 will see the company concentrate more on new products. Several are due for launch later in Spring – please see other news items for more details.
May we take this opportunity to thank all our customers, suppliers and friends for their support in 2010. This year looks even more challenging, but with our wealth of experiment in the industry, coupled with an exuberant and focussed management team, we feel sure that our 135th year will make us even stronger!