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Nasmyth Group is selected to participate in 'Sharing in Growth'

A leading supplier of precision engineering products and services worldwide, Nasmyth Group is delighted to announce that it has secured approval to participate in the Sharing in Growth (SiG) programme.

SiG is designed to raise the capability of selected companies within the UK aerospace industry's supply chain by providing a four year programme of training and development tailored to the assessed needs of each business. Using world class standards of performance as a benchmark, the training and development will cover all relevant disciplines, including lean operations, manufacturing processes, purchasing, cost modelling and leadership.

The global aerospace Industry is expected to double in size over the next 10 years and whilst the UK's aerospace sector is already the largest in Europe – manufacturing some of the most sophisticated and high value parts of modern aircraft – the support that SiG can provide will help to ensure that the selected UK businesses are in a position to take full advantage of this growth opportunity.

Backed by £50m from the Government's Regional Growth Fund and £10m in kind support from Rolls-Royce, SiG is run by Sharing in Growth UK Ltd, a company chaired by Bryan Jackson, former Managing Director of Toyota Motor Manufacturing UK and former Chairman of the East Midlands Development Agency (Emda). The company's CEO is Andy Page who has over 25 years' experience with Rolls-Royce and is also Chairman of the UK's National Aerospace Technology Exploitation Program (NATEP).

Peter Smith, Chairman and CEO of Nasmyth Group, commented: “The Sharing in Growth programme represents an excellent opportunity for Nasmyth. The selection procedure was a rigorous one and we're delighted that we were able to demonstrate that we have the financial and managerial resources necessary for the kind of commitment required “.

Divisional Managing Director, Simon Beech, added: “The structure of the programme is focused on ensuring a business is globally competitive; it necessitates a deep examination of what the business strategy is, and where it needs to evolve to. It causes us to review the resources in the business, people, technology, supply chains and capability, and develop medium and long term plans to build and sustain world class performance levels.”

Press release issued by Nasmyth Group Limited on September 12, 2014

 

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