Holroyd Precision Receives Award
The Queen’s Award for Enterprise recognizes their success in exporting specialized grinding and milling machine tools.
Posted: April 21, 2015
Holroyd Precision Ltd (Rochdale, UK) received the Queen’s Award for Enterprise, the UK’s highest accolade for business success in International Trade 2015, for having achieved year-on-year growth in exports through the development of new global markets, creating new machine tool technologies with particular focus on those markets, and for exporting highly specialized grinding and milling machines to manufacturers around the world.
Over the last few months alone, the company has secured export orders worth in excess of £7 million ($10.4 million). This year marks the 50th anniversary of the Queen’s Awards, meaning Holroyd joins an elite group of companies that have been recognized as deserving winners in what is a particularly significant year.
“We are extremely proud and honored to have won what is clearly the UK’s most prestigious business award,” commented the company’s chief executive officer, Tony Bannan. “In securing the award, we were able to demonstrate significant growth in overseas trade, something that was achieved in spite of challenging global trading conditions. I would like to thank our staff here in Rochdale and our various support teams globally for their hard work and dedication that has made winning the Queen’s Award possible.”
Their recent £3 million ($4.5 million) development of the Zenith 400 helical profile grinding machine , a truly groundbreaking technology that has already resulted in orders from the U.S., China and Germany , is just one example of their commitment to investment. The company also has a long track record of investing in young people at their Rochdale headquarters and for ongoing research in milling and grinding technologies at post graduate and post-doctoral levels. When developing new machine tools, Holroyd is also acutely aware of the importance of minimizing environmental impact as much as fulfilling the needs of its customers.
Over the past 12 months, the company has secured a number of high profile business accolades. In February 2014, they were the proud recipient of the Greater China Business Award for the North West. Also in the same month, one of their young engineers was presented with the respected AMTRI scholarship at the Manufacturing Technologies Association (MTA) awards dinner. In June 2014, the business was identified as one of 20 up and coming medium-sized subsidiaries of foreign companies in the inaugural Sunday Times PA Consulting Inward Investment Track. Finally, in November 2014, Holroyd was named as Apprentice Employer of the Year in the prestigious Rochdale Business Awards.
Incorporating the brands of Holroyd, Binns & Berry, Crawford Swift and Holroyd Precision Components, PTG has established itself at the forefront of high precision machine tool design, build and supply, with an equipment range that includes ultra precision grinding machines for rotor, thread and gear operations; rotor milling machines; heavy duty lathes; deep hole boring machines; friction stir welding machines and special purpose machine tools for the manufacture of precision components. Industrial sectors served range from aerospace, medical and mould tool and die to marine, power generation, mining, oil and gas, steel, high end and heavy automotive.