Labelling company invests for the future

A YORKSHIRE labelling firm has invested £40,000 in technology to help it expand.

IML Labels and Systems, based in Sheffield, bought the British-made Vectra Turret rewinding machine, which automatically re-winds batches of labels after they are printed.

Replacing manual re-winding and sorting cuts lead times and means the firm can use staff elsewhere, operating more competitively.

IML, which turns over more than 3m, arranged the deal with backing from Yorkshire Bank's South Yorkshire financial solutions centre, through its Investing for Growth initiative.

Shaun Higgins, managing director, said: "After successfully winning new contracts in the UK, Europe and Middle East during the last 12 months, which have increased sales by 10 per cent, the acquisition of this machinery is the latest in a series of planned technological acquisitions as part of moves to enhance efficiency and widen our services.

"Our success in new overseas markets has enabled us to achieve the same turnover levels as before the recession and we are expecting to build on this in 2011."