Established in 1980, as a new division
of the Amalgamated Metal Corporation PLC
(AMC) to capitalize on the increasing sourcing
opportunities in China the company underwent
a management buy out in December 2002 and
was renamed Premium Ingredients International
UK Ltd in July 2006. The company has continued
to grow throughout this time and in 2007
total group turnover will be 230 million
dollars on a global basis.
This includes sister company Premium Ingredients
International US, based in Chicago.
Currently Premium Ingredients has a workforce
of 20 staff in the UK and an overall workforce
of 80 including the US division.
With warehouses around the world including,
Singapore, London, Hong Kong, Rotterdam,
Los Angeles and Chicago, this gives them
an advantage when shipping across the globe
to large consumers, which include Colgate,
Nestle and Dohler.
Steve explains how the company has expanded, “We now have an International presence,
and global supply is important to customers
who themselves are globalising. They want to
deal with a supplier who can deliver the same
product across the globe, irrespective of location.”
Establishing new client relationships is
key to the company expanding and reaching
the goal of a 400 million US dollar turnover
within five years time. They aim to achieve
this through acquisition and organic growth,
as well as moving in to added value operations
such as blending. They are also aiming to
extend their geographical coverage by acquisitions.
Steve explained: “Business is buoyant at the moment, and
as China moves to a mainstream supplier PIIUK
is well placed to capitalise on this development.
Market prices out of China have risen significantly
in 2007 due to exchange rate and environmental
control regulations, rising raw material prices.
As a result PIIUK is optimistic about 2008
and is projecting business revenue to reach
75 million dollars for the UK and 170 Million
Dollars for the US.
For more information visit the website on
www.premium ingredients.co.uk 
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