One of the UK’s leading contract electronics manufacturers has become the latest company to join the
Manufacturing Assembly Network (MAN), as it promises to ramp-up its annual turnover to £30 million by 2026.
Stevenage-based electronics specialist
Nemco posted an £11 million turnover figure in the last financial year and believes its involvement in MAN, a unique collective of sub-contract manufacturers and an engineering design agency, will play a crucial role in helping it reach the ambitious target over the next four years.
MAN, which employs more than 1,750 people across 13 different factories, offers a wide range of engineering services, including aluminium casting, automation and control systems, forging, high-volume pressings, plastic injection moulding, precision machining, tube manipulation and welded assemblies.
Attracting Nemco to the Group is seen as a huge coup, with the printed circuit board assembly specialist boasting a diverse client base touching many different sectors, including aerospace, defence, industrial and medical.
David Duric, Nemco’s sales and marketing director, said: “We are thrilled to be a part of MAN, for the simple reason that the Group boasts like-minded businesses which are progressive, ambitious and looking to grow. There is also no competition within the Group, so there is a great culture of transparency and best practice sharing that can only be good for our business.”
He continued: “Importantly, we also offer new solutions that complement the core capabilities of other MAN members. It has been a tough time in the manufacturing sector due to the global pandemic and its after effects. We effectively lost a year somewhere and although there was a slight dip in the order book during the initial pandemic, we remained strong and diversified to weather the storm.
“Thankfully we recovered because we acted quickly. We planned ahead and we kept on investing in new machinery and strengthening our purchasing department to offset the rising costs of raw materials. This combined approach has seen us emerge in a position of strength.”
Nemco, which was formed in 1985 by Dave Pearce and currently employs 122 people at its 60,000ft
2 Wedgwood Way facility, has identified significant opportunities in the renewable energy and electric vehicle (EV) sectors and is aiming to make significant inroads in the months and years ahead.
It has also recruited two dedicated business development managers for the first time, who will spearhead a strengthened sales team, tasked with focusing on new opportunities and working with MAN to explore joint opportunities.
Mr Duric added: “We are equally adept at providing full turnkey solutions - including printed circuit board assembly - or assisting our clients with their own processes. In some cases, they work up their designs and pass on to us to create. We make high volumes of PCBs, working in low to mid-volume in a number of different sectors including the medical and EV industries.”
MAN, which works together to win new contracts and share best practice, comprises Alucast, Barkley Plastics, Brandauer, Grove Design, James Lister & Sons, Kimbermills International, PP Control & Automation and Muller Holdings.
The group has collectively secured a string of contracts across automotive, electronics, medical and renewables following the easing of lockdown.