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The Malmesbury-based company has reported profit of £364m in 2012 – up 19 per cent. Turnover also increased by 17 per cent to £1.24bn boosted by strong demand in Germany, Japan, Russia, France, Spain, Australia and New Zealand.
Dyson also spent £70.3m from its 2011 profits on research and development during the year.
The business is now launching a major recruitment drive which will increase its engineering workforce by 45 per cent. About 400 of the new jobs will be based overseas with 250 to be in the UK.
The company currently has more than 1,500 scientists and engineers, 850 of which are based in Malmesbury. The engineering team makes up a third of its workforce.
Founder Sir James Dyson said: “We are growing because of continuing robust investment in research and development.
“We have been developing Dyson digital motors in Malmesbury for 15 years and we are now harnessing them to make smaller, more efficient machines.”
Dyson chief executive Max Conze said: “We’ve delivered growth amidst tough competition and in challenging conditions.
“Our sights are set on expanding in Asia and Latin America and bringing Dyson technology to more people across China. Good technology is something people want around the world.”
The group is bolstering its engineering workforce by 45%, recruiting specialists in design, mechanics, software, acoustics, electronics and motors. About 400 of the new engineers will be based overseas.
Dyson was founded by Sir James in 1993.