Produmax celebrates second national award win

The trophy was handed over to directors Jeremy and Mandy Ridyard by Sharing in Growth chairman Dr Bryan Jackson CBE in front of the company team and 30 guests including customers such as Boeing, Moog and SL Engineering, and partners such as the Advanced Manufacturing Research Centre, Bradford council, Keighley College and the West Yorkshire LEP.

The event took place in Prodmax’s new 15,000m² plant which will be officially opened later in 2018. The second plant – named Produmax Plus – is part of the family-owned firm’s ambitious growth strategy which is being supported by Sharing in Growth (SiG).

Global experts in flight control components and assemblies, Produmax exports 80% of its production to USA, Canada, Japan, Morocco, the Philippines, and Italy.

Produmax joined SiG in 2014 and last year won the first Sharing in Growth Ikigai top trophy. The judges selected the company for the Inspire award this year because the Yorkshire company has put engagement and people development at the centre of the business. With SiG support, the company has increased turnover by 55%, increased headcount by 85% to 75 people and secured contracts worth over £50 million.

Co-owners Mandy and Jeremy Ridyard and three of the firm’s team, explained how Produmax had set a vision of being engineering superheroes to engage and inspire their team so they could further develop their skills and contribute to growing the business.

With help from Sharing in Growth, as well as Bradford City Council and the local LEP, Produmax invested in a new plant at Baildon along with the latest machining technology, and developed the skills of its team. This helped to double the return on assets, improved productivity by almost 40% and won three new customers so it could further invest in the future including the new Produmax Plus plant on the same Baildon site. The company has also set up links with universities, colleges and schools and has created its own apprenticeship programme and will shortly launch a leadership development programme.

www.produmax.co.uk

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