Cleveland Cable Company, the UK's leading supplier of high-quality cables and accessories, has announced strong growth within the first quarter of the 2023/24 financial year.
In a significant milestone, Cleveland Cable Company’s export business has seen a 300% increase in growth, compared to the same period in 2022/23, highlighting the company's continuous expansion and demand for its products and services.
Over the course of these three months, the Middlesbrough-based company has successfully shipped its products to 29 countries – 27 of them located within the EMEA region for projects as diverse as data centres, and renewable energy facilities to event venues.
Managing Director Alastair Powell said, “Cleveland Cable Company’s growth in the first quarter of 2023/24 is nothing short of exceptional, this achievement reflects our commitment to delivering high-quality cables for industries worldwide.”
“We have been trading now for just over 45 years and this is proof of our team's commitment to our customers despite the challenges we have faced, we are proud to serve our clients worldwide and we look forward to expanding further as demand for our products and services grows.”
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Cleveland Cable Company's current position follows the recent challenges it has faced, including the COVID-19 pandemic, supply chain disruptions, Brexit, and the rising cost of living. Additionally, the conflict in Ukraine has significantly impacted the availability of raw materials such as wood, as Ukraine, Russia, and Belarus account for 35% of the world's timber production. This has had repercussions on global markets for timber and related products, including wooden drums and pallets used for exporting cables worldwide.
In response to the supply chain challenges, Cleveland Cable Company has introduced its 'drum amnesty' initiative, extending its waste reduction efforts not only to its own drums but also to those from other suppliers.
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