Innovation Award/Growth Award entrant – Xtrutech Ltd
Stoke-on-Trent based Xtrutech was launched in 2002 as a spare parts supplier for other manufacturers and now has its own range, a second headquarters in the US and global sales across Europe, Asia, North America, South America and Australia.
The company has entered both the Innovation Award and Growth Award categories of the Staffordshire University Business Awards.
Innovation is at the heart of everything Xtrutech does and it is currently extending its laboratory facility to accommodate more R&D based projects and trials, including a conference centre where customers can watch the trial and their global colleagues can join remotely.
The team based in Xtrutech’s Stoke-on-Trent headquarters creates bespoke machines for applications that require extrusion as part of their production process. This is adaptable for many different industries including powder coating, biopolymers, medical plastics and more.
In 2021 the company released the first XTS Compactor, a recycling system for use in the powder coating market. A common problem they had observed with their customers was the creation of large quantities of product that is too small to use and is traditionally wasted and sent to a landfill. Xtrutech saw an opportunity to reduce waste, improve resource efficiency and improve environmental impact. The XTS compactor captures the waste, compacts it into a sheet and breaks it into chips. This creates a more substantial product that can be recycled back into production. Based on production averages, using the XTS Compactor can potentially save up to £193,200 annually.
“Our innovations have always been inspired by observing the problems that our customers face and striving to offer a resolution,” said Managing Director Ryan Moore.
In 2020 the company’s export turnover was at 71%, followed by 80% in 2021 and then 93% in 2022.