AN animal health and nutrition manufacturer is hoping to double its turnover by 2016, thanks to its continued success in the export markets.
Tangerine Holdings, based in Dock Road and Boundary Road, Lytham, now generates almost a quarter of its revenue from overseas markets.
The firm’s subsidiaries make animal health and nutrition products for farm and companion animals, including the veterinary trade and equine business.
Owner David Haythornthwaite said: “The past three years have been challenging for our industry.
“Everyone in business that I have spoken to says it is getting harder to make the same profit.
“Having said that, one focus we have had is driving export sales.
“It’s very good – accounting for around 24 per cent of our sales, and we’ve opened into new markets in America, China, South Korea and Croatia.
“Two of those markets are the largest in the world in America and China so we have high hopes there. We’ve invested quite heavily in equipment and machinery to support the growth and development at our Boundary Road site so visitors from overseas have a great facility to visit.
Mr Haythornthwaite said the strength of the company came from its versatility and wide range of products.
He added: “The domestic market has been tough.
“The veterinary business is flat, but our farm business in the past 12 months has been very good.
“Our third sector – equine – has been very tough.
“We are at the premium end of the market so some end users have decided to opt for cheaper products.
“And we’ve found that horse owners with two horses in the past may only have one now – they are an expensive animal to keep.”
“So it has been a mixed bag.
“But one of the strengths of Tangerine is its diversity.
“We’ve always said that if two sectors of the business are up and one down, then we’re reasonably happy. I expect by 2016 to have a turnover double what we have now – and that means more jobs in Lytham.