Tipton based company and Made in the Midlands member TWP manufacturing has now made a six-figure investment in installing six CNC machines to allow it to carry out the work in-house.
The project, which was supported with advice from accounting and consultancy firm Crowe in Oldbury, and has been so successful that the company is now ordering a seventh machine to be installed next year.
Established in 1995, TWP provides pressings, mouldings and assemblies as a sub-contracter to a range of companies from sectors including automotive, construction, electrical and white goods through to high profile leisure and retail brands.
Johnathan Dudley, national head of manufacturing at Crowe, said:
“TWP had reached a point where it wanted to take back control of costs and bring the margin back in-house in order to maintain its competitive edge.”
“The decision to bring back the manufacturing of a large range of turned parts from Singapore is part of a wide-ranging review of all sub-contracted work that TWP puts out to other manufacturers.
“At Crowe, we are very hands-on with our advice and have been working alongside Phil Stanley and Richard Perry for many years, as we have with many of our manufacturing clients in the wider West Midlands and nationally.”
Crowe has been a long term partner with TWP Manufacturing and has advised directors Phil Stanley and Richard Perry on a wide range of issues.
TWP manufacturing director Phil Stanley said that they had recognised the need to take more control of processes, batch numbers and lead times and the best solution was to bring many of the processes in-house.
He added:
“We are constantly seeking to be more proactive in our relationships with our customers and to that end we need to be constantly innovating and looking at what we can do better, quicker and more competitively in a market that is fast changing all the time.”
Finance director Richard Perry said:
“Control of costs and protection and improvement in our margins is at the heart of the current review and is an ongoing process that will drive our competitiveness in all the markets we serve."
TWP Manufacturing is at the hub of a range of brands that the company manufactures including Bullbarrow Products, Spyrabase, Paterson Photographic and Benbo.
The Midlands office of Crowe runs the highly successful Manufacturing Business Network which next meets at Black Country House, Round Green Road, Oldbury, on Wednesday 6 November.
Ninder Johal will lead a discussion the launch of 5G services and the implications for business. Johal was recently appointed a non-executive director of West Midlands 5G Ltd, a new organisation set up to deliver the UK’s first region-wide 5G testbed.