Yorkshire-based family firm Produmax has secured contracts worth around £12m and is preparing to grow by over 60% in five years.To win and deliver this growth profitably, SiG is initially supporting a rapid 20% productivity improvement through the creation of dedicated lean value streams, one of which is focussed on recent work won for a number of new commercial aircraft projects. The value streams are part of a move into a £3m facility that consolidates two older sites and is due to open later in 2015. SiG is also helping Produmax to improve capability and performance by reducing tooling spend by 30%, implementing visual management and developing a New Product Introduction process.
Jeremy Ridyard, managing director of Produmax, said: “We have always believed that to stay ahead of the competition we need to invest, not only in the latest technology but in our approach to business and staff development. Sharing in Growth is a key part of our investment in the future and has already started to pay dividends.”
SiG’s cross-functional experts tackle areas such as lean operations, manufacturing engineering, procurement and cost and value engineering. To ensure a sustainable and fully integrated transformation programme they also work with delivery partners such as Deloitte, the National Physical Laboratory, The University of Cambridge’s Institute for Manufacturing and Industry Forum to provide training in leadership, strategy, business planning and performance improvement.
SiG CEO Andy Page said: “SiG will help secure over 10,000 jobs in the UK and aims to attain £1bn of annual contract value by making this country’s aerospace companies more productive, competitive and profitable.”
