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Glencairn hits £10m revenue for first time
Crystal and glassware producer Glencairn has exceeded £10 million (US$13.32m) in revenue for the first time with its largest percentage growth since the company was established in 1981.
Glencairn has reached £10m in revenue for the first time
The Glasgow-based company reported a 20% year-on-year increase for 2017, which was the first year that the business experienced export sales overtake the domestic market.
Exports for 2017 accounted for 60% of overall sales, compared to 49% in 2016, which Glencairn has attributed to a “sizeable” increase in the luxury decanter and glassware arm of the business, which grew 40% year on year.
The firm also hailed growing interest in Glencairn Glass, which grew 29% year on year.
Glencairn has also expanded its employee base, and now boasts 60 full-time members of staff.
Scott Davidson, new product development director, said: “Our premium decanter and bottle business places us a world leader in this market. Coupled with our strong relationships with distilleries and businesses in the USA, Europe and the Far East has meant that we have exceeded all of our business expectations.
“In addition, consumers, globally, are looking to enhance their spirit drinking moments, to savour and learn as they enjoy their whisky and, as part of the serve experience, they are seeking quality glassware that is proven to enhance their favourite dram. Growth in demand for Glencairn Glass is testimony to that.”