Developing new products and providing more technical expertise to its customer base has helped a Beverley-based manufacturer grow its sales to nearly £8m…a 40% increase in the last year. Hodgson Sealants, which employs 45 people at its Belprin Road facility, added nearly £3m of new business across the construction, glazing and transport sectors, including securing a £2m contract previously completed on the continent.
Small to medium sized (SME) manufacturers in the South West are set to make substantial financial investments in order to meet expected new demand, according to the recent Manufacturing Barometer Survey from the Manufacturing Advisory Service (MAS).
Barrie Hensby, chief executive, NEL Fund Managers - Over the last four years, North East businesses have had a distinct advantage over competitors elsewhere in the country, and it’s one that any regional manufacturing firms looking to expand should be actively considering as a way of getting ahead.
Coventry (April 4, 2014). A contract to supply window regulators for the new Nissan Qashqai is creating more jobs at Coventry automotive supplier Brose UK.
We’ve all heard the announcement about Siemens in the Humber, but in the bare light of day, what does this mean for the average SME manufacturer? What you really need to know is how this announcement translates into a viable market opportunity for your business. Handled right, there are long-term opportunities for ‘traditional’ manufacturers of almost anything right across the country. There’s also funding of up to £500k* for upfront investment available for firms looking to get ready for entry into the offshore wind sector.
Surviving the past 10 years in manufacturing hasn’t been easy for anyone. But if you’re experiencing a fairly stable period of growth now, which 62%* of SME manufacturers tell us they are, it’s time to start looking ahead at what more you can do to grow your business - you can bet your competitors will be. Check out a run-down of the ‘top ten’ project types MAS East has been asked to support during the first three months of 2014 to find out what your competitors and peers have been doing to improve their performance.