Newton may be a small town in central Kansas, but the city is making business connections all over the world.
Bunting Magnetics Co. is taking advantage of the emerging global economy, and it continues to widen its reach from its headquarters in Newton. 2012 has been a busy year for Bunting Magnetics, and the Kansan has selected the company as its business newsmaker of the year.
"It's been a lifelong endeavor," Bob Bunting said of the business. "It's a family-owned company. We're pleased with the growth."
For more than 50 years, Bunting Magnetics Co. has developed and manufactured precision magnetic products for the worldwide printing, automobile, plastics, food, electronics and recycling industries. The company’s product lines include a broad range of magnetic materials and components, magnetic separation systems, material handling equipment, magnetic printing cylinders, flexible dies, metal detection equipment, bonded magnets and assemblies.
Bunting manufacturing facilities are located in Newton; suburban Chicago; DuBois, Pa.; and Berkhamsted, England.
The company made headlines several times this year. Bunting said this year produced the largest sales figures the company has ever had, and the company was a finalist for the 2012 Governor’s Exporter of the Year Award, which recognizes the international marketing efforts of businesses. The Wichita Business Journal also recognized Bunting during its 2012 "Best in Business" awards.
"The Best in Business competition recognizes privately held Wichita-area companies for revenue growth, community involvement, and marketing and product innovation," the business journal reported.
This year, Bunting Magnetics Europe Limited, a manufacturing and sales operation center based in Berkhamsted, England, for Bunting Magnetics Co., announced the acquisition of E-Magnets UK Limited in Sheffield, England.
E-Magnets UK Limited specializes in direct and wholesale supply of magnetic products throughout the United Kingdom and the world through its website
Bunting Magnetics Co. also implemented an online flex die ordering system enabling label printers and other users of flexible dies to quickly place flex die orders.
Customers can use the system to obtain instant quotes, and convert them to orders. Once equipment specifications and company information is entered, the Bunting Magnetics flex die ordering system remembers all order details for use on future orders. In a news release, Printing Group Product Manager Michael Wilks said the new online ordering system will reduce even further the turnaround time for die orders.
Bunting said his company's plans for the coming year include continuing to grow the business and follow its strategic plan. He thanked the community and Bunting employees for their support in helping the company achieve its goal.
"We're pretty pleased with the respect we're getting from the community and from our employees," he said.