Fenner Precision reported record sales of technical textiles in its fiscal year ending August 2016, up significantly compared to the same period last year. Fenner’s best year was lead by the U.S.-made P.T.F.E. textile used in high load, low speed bearings globally.
“Our record-setting performance in 2016 contributed to Fenner Precision’s overall strong 2016 performance, this despite challenges in some industrial market.” said Tony Carter, Vice President Sales & Marketing. “Fenner plans to continue to enhance our technical textile product range. We are investing heavily in our capacity and capabilities to deliver products that enhance our customers offering to the market. We are continuing to see a strong demand for our products from the world’s leading suppliers of bearings used in Infrastructure, Transportation and Aerospace and we plan to be able to meet their growing demands through investment in people, processes and capacity at our USA facility.”