Monday, August 12, 2013
Manufacturer reports expansion since award win last year.
A NORTH Devon manufacturer is urging other local firms to enter this year’s Made in the South West awards.
Barnstaple-based Aero Stanrew Limited said it had seen significant growth since winning the Aerospace and Defence Award last year.
The Rounsdswell company, which designs and manufactures high integrity electromagnetic and electronic components and sub-systems for the aerospace and defence market, expects to double its turnover to £20 million by 2015.
Clive Scott, chief executive officer, said: “Aero Stanrew has grown considerably since the management buyout in 2012 and we are confident about our vision to be a global leader in our specialist field.
“After winning the Made in the South West Award in 2012, I received a call from a supply chain director at a Tier 1 aerospace and defence company the very next day to congratulate us. This would have been unimaginable before that.
“We have also been able to expand into the oil and gas sector which is growing exponentially. This sector now comprises 10 per cent of our turnover and we expect to create another 80 jobs over two years as demand for our services continues to grow.”
In entering the awards he added: “The Made in the South West Awards is incredibly valuable for businesses wanting to raise their profile, promote their business as being a good place to work and in forming collaborations in order to secure larger contracts.
“Since receiving our award, we have successfully entered a number of industry awards and have also formed two significant collaborative agreements with tier 1 companies in order to bid for government funding.”
The awards eight categories – aerospace/defence; exporter; food and drink; manufacturing innovation; sustainable manufacturer; advanced manufacturer; apprenticeship scheme; and manufacturer of the year.
Companies have until September 5 to be nominated or enter themselves and the winners will be presented in Bristol on November 14.
For more information about the awards visit www.insidermedia.com/made-in-the-southwest or email firstname.lastname@example.org