Panaz Announces Trade Growth and 21st Anniversary
April 12, 2007
LANCASHIRE, England – Panaz Limited, a fabric design and manufacturing company based in the UK, has announced figures that represent its most successful trading year to date.
After 21 years in the industry, Panaz has grown into a leading distributor of flame retardant textiles for the contract sector. Its export sales account for 30 percent of their total turnover; a figure that increased by 20 percent in the last 12 months. The growth is due, in part, to a 15 percent growth in sales across the UK and Europe, as well as a 40 percent rise in sales in the U.S. market.
"From a product perspective, our creative team has developed a truly international 'look' – exemplified by our latest boutique collection," said Tony Attard, company founder, president of Panaz USA and CEO of Panaz in the UK. Attard also said that the growth can be partly attributed to the company's five-year investment program.
After 21 years in the industry, Panaz has grown into a leading distributor of flame retardant textiles for the contract sector. Its export sales account for 30 percent of their total turnover; a figure that increased by 20 percent in the last 12 months. The growth is due, in part, to a 15 percent growth in sales across the UK and Europe, as well as a 40 percent rise in sales in the U.S. market.
"From a product perspective, our creative team has developed a truly international 'look' – exemplified by our latest boutique collection," said Tony Attard, company founder, president of Panaz USA and CEO of Panaz in the UK. Attard also said that the growth can be partly attributed to the company's five-year investment program.
