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formed from his initials and the first four letters of the word 'trading': Alan Michael Sugar Trading. It began as a general importer/exporter and wholesale; by 1970 the first manufacturing venture was underway. He achieved lower production prices by using injection moulding plastics for hi-fi turntable covers, severely undercutting competitors who used vacuum-forming processes. In the mid 1970s manufacturing capacity was expanded to include the production of audio amplifiers, stereo

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