Business is taking off for a Birmingham-based machined component manufacturer, which has plans in the wings for new purpose-built premises thanks to support from the Manufacturing Growth Programme.
AE Aerospace Ltd has more than doubled its workforce in the last three years, whilst sales have also increased fivefold, as the company has capitalised on its specialist ability to prototype new components and retain volume manufacture in the UK.
The Highgate-based firm has undergone a massive transformation since a management buyout three years ago, which has strengthened its position as a world-class supplier of high-quality precision machined components.
These are mainly for UTC, Rolls-Royce, Moog and Bombardier, with AE’s components used on Airbus, Boeing and the RAF’s Tornado aircraft.
The key to the company’s success, according to Managing Director Peter Bruch, has been MGP’s funding to support the development of the management team, which has created a new ethos.
“MGP has made a significant contribution to our growth and given us strong foundations for further expansion â€“ including plans to move into brand-new purpose-built premises,” said Peter.
“Fellow director Andy Masters and I worked through Birmingham City Council’s, Great 200 Leaders programme, which enabled us to develop our own way of doing business through the elements of respect, excellence and integrity. This has allowed us to focus and win the support of the team so that we are working to common objectives.”
MGP Manufacturing Growth Manager Michelle Connor said that the clarity the business has achieved has reinforced its position as a world-class manufacturer.
“The company has a very high technical skill base, which has been used to manufacture specialist spares for older aircraft and to help customers develop new products that often then go into full manufacture in other parts of the world,” she said.
“AE Aerospace is now using these skills to reduce costs and lead times and to improve quality, successfully retaining the manufacture of these components in the process. Significant productivity improvements, helped by the Manufacturing Growth Programme, mean that it is now producing ten times the volume of components it was three years ago.
“This has enabled the company to secure long-term manufacturing agreements and given it the confidence it needs to go ahead with plans for new facilities.”
Copyright © Economic Growth Solutions, 21st June 2017.