Fintec Wins Queen’s Award for Export Achievement 

Fintec Crushing and Screening Ltd has crowned an extraordinary 12 months in its history by winning a coveted Queen’s Award for Export Achievement.    The Northern Ireland-based manufacturer, which became part of the Sandvik Group of Companies in 2007, has previously won the 2006 International Trade Award and captured the Northern Ireland Exporter of the Year award two years in a row in 2006 and 2007.

Fintec Crushing and Screening Ltd, part of the Sandvik Group of Companies, has won the Queen’s Award for Export Achievement.   The award is designed to reward “a substantial and sustained increase in export earnings to a level which is outstanding for the products or services concerned and for the size of the applicant's operations”.

Fintec manufactures track-mounted mobile crushing and screening equipment for the demolition, recycling and extractive industries, and is an established leader in its field, its products in demand around the world.   Backed by the support of highly experienced local dealers, Fintec has earned a loyal following from customers as far afield as India, Australia, Latin America, Japan and South Africa as well as Russia and Central Europe.    This brand loyalty led to the company winning a coveted International Trade Award and the Northern Ireland Exporter of the Year award in 2006, retaining the latter award the following year. 

History of Growth

Fintec Crushing and Screening Ltd operates from a 12,000 m² state-of-the-art manufacturing facility at Ballygawley, Northern Ireland that was opened in June 2001, and from an 18,000 m2 warehouse facility that was opened in March 2006.   The company employs over 350 people, a figure that is expected to rise to more than 400 during 2008 to match current demand levels.  

In May 2007, the company was acquired by Sandvik which bought Extec Crushing and Screening Ltd at the same time.   These strategic acquisitions helped propel Sandvik into the number three position in the global screening and crushing mobile market that is worth in excess of €2b annually.   Since that acquisition, Fintec has continued to innovate, adding the critically-acclaimed 1440 track mounted impact crusher to its product line at the ConExpo exhibition in Las Vegas earlier this year.   This new model combines Fintec’s experience in the design of mobile crushers with Sandvik’s unquestionable leadership in the manufacture of high output impact crushers and marks a major milestone in the company’s product development.

“Under the guidance of former managing director, and current sales and marketing director Hubert Watson, Fintec Crushing and Screening Ltd has developed a formidable range of products that are recognised as the best in their field around the world.   This award is recognition of the hard work of everyone at the company and of the strong partnership we have formed with our suppliers both locally and internationally,” says group marketing manager Roger Murrow.   “Thanks to the efforts of the design and engineering teams at Ballygawley and those of our dealers and distributors around the world, there is an unprecedented global demand for Fintec’s crushing and screening equipment, a fact that has been recognised by the Department of Trade & Industry with this Queen’s Award.”

Fintec will formally receive the Queen’s Award during a ceremony at the company’s Ballygawley facility later in the year.

“FINTEC SCOOPS EXPORTER OF THE YEAR FOR THE SECOND TIME RUNNING”

Fintec Crushing & Screening Ltd has won for the second consecutive year the Invest Northern Irelands - Exporter of The Year Award.  Fintec is one of the main suppliers of mobile crushing and screening products supplying to a global sales network.  A fast growing manufacture of crushing and screening equipment, they have grown substantially in recent years particularly through export that now cover practically the whole world.  Major new export regions include India, Australia, Latin America, Japan and South Africa as well as Russia and Central Europe.  Fintec’s range of products include six models of track-mounted crushing and screening plants, covering aggregates production, construction and demolition. 





In addition to Fintec’s range of crushing and screening equipment they have recently launched the new 1080 Cone; this has been hugely successful for Fintec and has opened new markets for Fintec such as CIS Region, Eastern Europe and North America.  In addition to this Fintec will be launching the new 1440 Primary Impactor in January. 

Fintec has once again increased its turnover by over 50% during the current year.  Due to increased demand for the Fintec range, this company has just completed a new 55,000 sq ft manufacturing facility to meet the needs of their customers and enable them to provide the high quality products and service they are recognized for.  They now have a workforce of over 350 employees and this is due to increase to over 400 in the next coming year, thus creating excellent job opportunities within this sector. 

In May this year, Sandvik, who owned 49% of the shares in Fintec since it was established in 2002 bought out the remaining 51% of the shares.  They also bought out Extec Crushing and Screening.  Together Fintec and Extec help to propel Sandvik into number 3 position in the global screening and crushing mobile market that is worth in excess of €2b annually.
These acquisitions provide a very strong base for Sandvik to continue to build on for further expansion into this growing segment of the construction industry.

Fintec are to participate in one of the biggest trade shows in Las Vegas in March 2008.  CONEXPO-CON/AGG will be the world's largest international gathering place in 2008 for the construction and construction materials industries, showcasing the latest equipment, services and technologies. Preparations are already underway at Fintec for participation at this show.

All in all this has been a very successful year for Fintec Crushing & Screening Ltd. 

For further information email the marketing department agoodfellow@fintec.com

1000th Machine Manufactured

Fintec are pleased to announce the manufacturing of their 1000th Machine the F570.
This is a major achievement for a company who has only been in the crushing and screening industry for five years.




Current global demand for Fintec products are continuing to grow at unprecedented levels and Fintec are confident that the 2000th machine will be manufactured by approximately the end of 2008.  To meet this huge increase in growth Fintec will be officially opening next month the latest 55,000 sq ft extension to their manufacturing facility.  This will bring capacity up to 250,000 sq ft to allow annual production in excess of 1000 units a year. 


Sandvik Acquires 100% Shareholding in Fintec

Fintec are pleased to confirm the news that dominated the Bauma show, namely that Sandvik had acquired both Fintec and Extec screening and crushing.  Together Fintec and Extec help to propel Sandvik into number 2 position in the global screening and crushing mobile market that is worth €2b annually.
The management teams of both Fintec and Extec have vast knowledge of this industry and both companies also possess the most modern manufacturing facilities in the UK.  Fintec and Extec will continue to manage their businesses as normal until such times as the new Sandvik management team properly assess the strengths and weaknesses of both companies.  The completion of the two acquisitions should happen during quarter 2.  This level of independence was most clearly demonstrated at Bauma where both companies received many orders from Germany,Belarus,Ukraine,CIS, and indeed most parts of the world.
These 2 acquisitions provide a very strong base for Sandvik to continue to build on for further expansion into this growing segment of the construction industry.

Fintec Appoints USA Based Sales Manager

Fintec are pleased to announce the recent appointment of our Vice President for Sales, North America: Stu Gamble. 
Stu is based in USA and will be able to develop the territory in accordance with Fintec's sales strategy. 



Fintec Wins Exporter of The Year Award

Fintec has won Invest Northern Ireland’s highest accolade: The Exporter of The Year Award. During the last four years, Fintec has become a substantial supplier of high quality, competitively priced range of mobile crushers and screens and are well established in the global market. Fintec has successfully brought four new products to market from 2003 to 2005 and recently launched it’s fifth new product, namely a mobile cone crushing fleet for secondary and final aggregates. Organic growth has averaged 60%+ annually and indeed in 2006 will exceed 80%+. Similarly employment has grown from humble beginnings to now in excess of 280 employees and manufacturing capacity was extended by a further 55,000 square feet this year to meet the growing demand. 

For further information please contact Aine Goodfellow Marketing Co-Ordinator on: agoodfellow@fintec.com or Tel: +44 (0) 28 8556 7799


Fintec Wins The Queen's Award for Enterprise: International Trade 2006

We are pleased to announce that Fintec Crushing & Screening has won the prestigious Queen's Award for Enterprise: International Trade 2006.

About The Award: Awards For Outstanding UK Business
 
The Queen's Awards for Enterprise are the UK's most prestigious awards for business performance. They recognise and reward outstanding achievement by UK companies. They are presented in three separate categories, Fintec has been selected in the International Trade Section: 

• International Trade - recognising companies that have demonstrated growth in overseas earnings.  

The Awards are made each year by The Queen, on the advice of the Prime Minister, who is assisted by an Advisory Committee that includes representatives of Government, industry and commerce, and the trade unions.
Cooment upon receipt of our award:
"It is a tremendous accolade to be bestowed upon Fintec, at such an early stage in our development. It truly reflects the commitment and desire of all our employees, who have actively played a key role in the progress we have achieved to date. It is also a testimony to our many dealers and customers around the world, who have made Fintec their partner of choice, in this highly competitive industry."



Second Dealer Meeting Held in February

Fintec's second dealer meeting was held in February with over 80 delegates in attendance from around the globe. The 3 day event was a tremendous sucess for all involved and generated a lot of positive feedback from all particpants regarding the extended manufacturing facilities.

 

New Extension to Factory Completed

Another additional new 55,000 sq ft extension to factory is now finished. All the structural steel has been erected and the cladding of the building has been completed.  This new extension will bring our total facility up to 250,000 sq ft and will strategically enable the company to meet its ever growing demand for all its products.

Open Day March 2006

The extensive preperations that were underway for our Open Day on the 28th March 2006 were worth the effort. The official opening ceremony of the extension was carried out by Bernth Nilsson of Sandvik and Stephen Finlay.The local Lord Mayor, Francie Molloy and the Deputy Mayor, Norman Badger both came to the event. Over 200 UK and Irish customers enjoyed a thorough tour of the premises. Overall it was a general success and a great day was had by all.