Fibercore Gets New HQ

LONDON and SOUTHAMPTON, U.K. -- Industry insight and accurate market trend predictions have delivered a great start to the New Year for leading specialty optical fibre manufacturer Fibercore Limited. The company is starting celebrations for its 21ST birthday year in a new home, thanks to a blend of market-leading products and customer service and by continuously reviewing the marketplace. This has enabled Fibercore Limited to navigate around the current turbulence in the telecommunications industry. Fibercore's new research, development and production facility is just metres from the company's previous UK HQ on its Chilworth Science Park home, and has taken a total of 3 years to plan and construct. What is perhaps even more amazing is that despite the Telecoms depression, the company has reported just a 30 percent fall in sales revenue since the height of the market in 2000, in a climate where 75 - 90 percent is an accepted norm. This financial stability has enabled Fibercore to fund the new HQ out of retained earnings. Fibercore Limited's financial strength is the result of steady increases in demand for its range of specialty optical fibres in the fundamental research, sensing, and fiber gyro markets countering the drop in Telecoms. Fibercore Limited's new facility will enable it to increase capacity ten-fold in coming years, equipping it to meet a growing demand from the fibre gyro and defence industries and a resurgence in telecommunications demand as the market returns. Dr. Emslie explains, "I am delighted that Fibercore Limited is celebrating its 21st successful year at the forefront of photonics with the opening of a new research, development and production facility. It is testament to our health and financial stability that we can finance the project from retained earnings, and proves we are still 'first in specialty fiber'T." Fibercore Ltd.