Chevler has said it is looking to increase its market share in Europe and the US following a number of new contracts and increased sales.
Manufacturing baking cases and muffin wraps the South Wales firm has expanded its range of cases by investing £300,000 in new equipment since the firm was created following a management buy-out in February 2009.
Backed by a £525,000 debt investment from Finance Wales, it has secured a number of contracts with distributors and commercial bakeries in continental Europe and North America.
Chevler currently manufactures over one billion baking cases a year in some 600 shapes and sizes at its two facilities in Hengoed.
“We have recorded a profit in our first year despite the rising costs of raw materials and the generally challenging economic climate,” said David Anthony, finance director at Chevler. “Overall sales have increased by seven per cent during 2009-2010 and by 15 per cent in the current financial year.
“We are now looking to increase our market share in Europe and the USA whilst ensuring we continue to deliver fast and satisfy our customers’ requirements.”