Tuesday, November 26, 2013

News: Positivity at Pyronix

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Rotherham-based security experts, Pyronix, is positive for the future as it responds to the Manufacturing Advisory Service's latest Barometer.

Based at Hellaby, the award-winning firm, which is a world leader in the manufacture of security equipment including control panels, detectors and external sounds, has grown 15% every year since 2010 and is now on course to reach £20m of annual sales by the end of 2014, 40% of which is in international markets.

As a result of this impressive growth, the company has added eight new people to its 140-strong workforce in the last twelve months alone.

Colin Beresford, group commercial director, at Pyronix, said: "We invest significantly in R&D and in continually bringing new products to market.

"Our most recent success has been led by the development and launch of the double award winning Enforcer, an innovative two-way wireless security system. This has surpassed even our most optimistic projections and is selling into many countries across the world."

In recent years, Pyronix has managed its growth by expanding production back in Yorkshire and, currently, about 60% of manufacturing takes place here in the region.

"This is just the start," added Colin. "We know we can keep better control over our intellectual property and reduce stock levels if our supply chain is more local and this is a philosophy we are following.

"We'll never be able to make all our products in Yorkshire as some are ideally suited to China, but the intention is to continue to expand local production."
The Barometer, which featured the views of more than 60 manufacturing SMEs from across Yorkshire and Humber, reinforced the recent feel good factor, with nearly two thirds (65%) reporting an enjoying an increase in sales over the last six months – a 3% rise on the previous quarter.

Encouragingly 78% of firms are expecting to grow between now and April 2014, whilst 97% are planning to take on new staff or keep the size of their workforce the same.

There also appears to be a pattern of steady growth in companies embracing new technologies (43%) and investing in machinery and premises (52%). The latter represents a 13% increase from the same period last year.

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David Caddle, area director for the Manufacturing Advisory Service, said: "We have seen a two-year high in the number of firms investing in new technologies and this tells us that manufacturers are not only optimistic about the next six months, but also have one eye on the longer-term picture."

The survey also found further evidence of firms "re-shoring" manufacturing and bringing production back to the UK. 21% of firms surveyed either actively planning or considering re-shoring, compared to just 3% that have offshored in the last year.

One example is Rotherham-based cycle retailer, Planet X, that recently brought back assembly from Taiwan to Rotherham.

The publication of the latest MAS Barometer marks the start of the first ever Manufacturing Matters week, which is looking to showcase England's manufacturing SMEs.

Pyronix website
MAS website

Images: MAS

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