A recent report Busbar Market indicates that the market size will rise from $12,321.9 million to $16,038.6 million by 2020.
This is largely due to rise in energy demands, the growing construction sector and increased upgrading of electrical infrastructures. Growth in related areas such as switchgear transformers is also contributing to the growth of the busbar market.
There are just over 2 months until this year’s Subcon show in Birmingham (NEC BIrningham 7 – 9 June) and PRV Engineering will be exhibiting again on stand C61.
Subcon is the UK’s showcase for the contract and sub contract manufacturing supply chain and will again have in excess of 400 exhibitors over the 3 days of the show. It remains the only UK event solely dedicated to contract manufacturing supply chains and outsourced engineering services and covers the whole spectrum of manufacturing.
Your supply chain is your way of getting your goods or services to end consumers from obtaining raw materials to delivering the final product. The size of a supply chain will depend on the type of business you are. Small businesses may not have too many suppliers to deal with, where as a large or multi national company may have hundreds of suppliers to manage on a daily basis.
Supply chain management is all about optimising your business operations to ensure speed, efficiency and cost effectiveness. Today, ethical sourcing and sustainability also play a major part in decisions about supply chain partners. The wider economic and environmental issues are a factor for many companies when considering applicants to their supply chain, as well as how the applicant manages their own business. Your values and how you perform as a business is just as important as your ability to deliver an end product.
PRV Engineering recently became a rated supplier on the Chartered Institute of Purchasing and Supply Sustainability Index. This means PRV Engineering have demonstrated excellent sustainability in Economic, Environmental and Social terms.
The CIPS Sustainability Index gives a 360 view of the sustainability of a business and the Index allows for expedited relations between buyers and suppliers. Often similar questions will be asked of a buyer or supplier throughout the course of every deal, the answers to which may also be very similar. Recognition by the CIPS Sustainability Index assures both parties that the entity they’re dealing with is reputable and reliable.
It’s no secret how much engineering is worth to the UK economy. Estimates are that engineering makes up almost a quarter of UK turnover. As a percentage of UK GDP engineering grew steadily through the global financial crisis. It is clear that the UK is still an engineering powerhouse with world renowned expertise, projects and businesses.
Over the years PRV Engineering has been pleased to be able to report our successes in investment, expansion and employment.
In 2014 Managing Director Simon Jones, reported on the success of the company, saying “With the machining facility, fabrication, deep hole drilling, presswork, paint and powder coating services already provided by the company, our £1million plus investment has reinforced PRV Engineering Ltd’s position as a true ‘One Stop Shop Facility’ capable of providing a whole host of components and services.”
PRV Engineering Ltd has developed through acquisition and constant Investment in new technology and 2015 is no different.
With only 12 days to Subcon at the NEC in Birmingham 2 – 4 June, PRV Engineering are gearing up for what we hope is another successful show. This will be PRVs 8th visit to the highly successful show which has improved and evolved over the years.
In its 32nd year, Subcon provides a meeting platform for buyers, specifiers and key decision makers from all industry sectors. It’s is a great place to meet, compare suppliers, discover and discuss new technologies and to forge new partnerships.
The year has started well with good news about the manufacturing economy. Indicators show that things continued to improve throughout 2014 and the trend is likely to continue into 2015. However, there are still concerns about a shortage of engineers in the UK.
PRV Engineering pride ourselves on being pro active in the industry. We keep an eye on trends and developments to make sure that we can provide the best service possible to our existing clients while attracting new ones at the same time. We want to stay at the cutting edge of engineering.
Continued investment in machinery and staff, means we get the best from both. We keep down time to a minimum, our operations effective and give the best customer service possible. We also continue to expand into wider markets due to our investment in state of the art CNC and 5 axis milling machines.
It goes without saying. If you want engineering done, you need to get it done properly.
From start to finish it’s precisely what PRV Engineering seeks to achieve at its headquarters in Pontypool, South Wales.
“We call it a one stop shop,” said PRV Engineering CEO Simon Jones.
“Our approach, enables us to provide a complex and diverse range of products and services to our customers. In turn, they can satisfy their requirements from a single source.”
“We not only provide superior workmanship, at a price our engineering competitors can’t match, but we also offer personal attention from start to finish of your project.”
Investment, expansion and employment have been the buzz words coming out of PRV Engineering over the past 24 months.
In 2013, managing director Simon Jones invested £1.25million in the company to not only maintain the growth of PRV Engineering, but to ensure that in the future, there would be employment opportunities too.
The addition of an 8000 sq ft building and a 10 tonne overhead crane capacity at the Pontypool site, enabled PRV Engineering to re-enter the fabrication and construction markets. The state of the art equipment made it possible to provide potential customers with a vast range of machined components.
In terms of the company’s decision to invest in people, last year was also a productive year. PRV Engineering employed seven new members of staff in 2013, taking the total number of personnel to 51. Now, that number is set to rise, once again.
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