Taiwanese firm makes £2m from Norwich base

Our success is testament to the expert team we've assembled here in Norwich and across Europe via our distributors

John Plaskett

Managing Director

Holystone

Holystone (Europe), a division of Holystone Enterprise Company, established a base in Norwich last June and hoped to reach £2 million in turnover by its second year of business, according to the Eastern Daily Press.

After building a network of distributors across Europe, the firm reports that it will achieve this target in half the projected time.

John Plaskett, Managing Director of Holystone (Europe), said that it was "amazing" to have reached that level of turnover in one year.

"Our success is testament to the expert team we've assembled here in Norwich and across Europe via our distributors," he explained.

Mr Plaskett continued to say that the company would continue to build on its success and is currently reviewing sales and staffing plans in light of the development.

Holystone Enterprise Company was founded in 1981 to manufacture electronic parts such as multilayer ceramic capacitors and ceramic-based RF components and established its Norwich base to distribute to Europe and Israel.