TMAT SMASHES ALL TARGETS AT START OF YEAR DESPITE 3.0% FALL IN UK MANUFACTURING

TMAT Ltd – the multi-national manufacturer of acoustic components for tractors and excavators – has revealed details of a record start to the year in which it has created close to £2million in sales in January (£1million) and February (£900,000), smashing its own budgeted sales target for 10% growth by a further 10% in each month.

These figures come in spite of the Monthly Business Survey by the Office for National Statistics reporting that the seasonally adjusted index fell by 2.9% in January 2013 compared with January 2012, with a 3.0% fall in UK manufacturing.

TMAT says that an OEM (Original Equipment Manufacturer) similar to existing customers such as Case, New Holland Tractors, JCB, and Volvo that it has not previously supplied has asked for an RFQ (request for quotation).

All of this has occurred in a market that TMAT’S MD, Jason Lippitt, himself describes as ‘stagnant’ – as the Office for National Statistics’ report suggests – and which has seen an increase in intense competitor activity and aggressive pricing.

Jason was bullish, saying: “TMAT doesn’t compete on price, and we won’t cut prices or even match them to those of our competitor. If that means that we lose one or two customers along the way, then so be it.

“We firmly believe that the only way to get on in a challenging economic climate like this one, with its static market, is to provide a superior product and service to our customers. The record January and brilliant start to the year we’ve had is testament to the validity of that approach, because that is what customers really need.”

TMAT currently has a sales pipe line of some £4.5million and recently announced plans to expand intoBrazil, setting up a factory there in anticipation of the planned infrastructure overhaul in the country ahead of the 2014 World Cup and 2016 Olympics. TMAT will retain engineering design and intellectual property at itsChesterfieldsite and believes that theBrazilopportunity could well create furtherUKjobs as its work inBrazilgenerates more demand upon specialist engineering resources.

TMAT is rare for having been one of the businesses that has thrived during the economic downturn. Its growth has risen from £5m per year to in excess of £10m since 2009 and TMAT aims to drive turnover to more than £20 million by 2015.

TMAT designs and engineers innovative solutions to Noise, Vibration and Harshness for ACE (agricultural, construction, earthmoving) markets that it feels are the best in the industry.

RECORD YEAR FOR VEHICLE COMPONENT MANUFACTURER – BUT MD WARNS AGAINST EXCESSIVE OPTIMISM AND COMPLACENCY AMONG UK MANUFACTURERS

TMAT Ltd – the multi-national manufacturer of acoustic components for tractors and excavators, whose customers include Case, New Holland Tractors, JCB, and Terex – enjoyed a record £4million in new business enquiries in 2012.

In spite of this good news and the widespread optimism surrounding UK manufacturing in recent months, TMAT’s Managing Director, Jason Lippitt, has warned the manufacturing industry against complacency in what remains a highly unstable economic climate.

Jason said: “It seems odd for us to be guarding against excessive optimism now when a year ago we were one of the few companies expressing positivity when everyone else seemed to be so glum, but UK manufacturers really must be cautious.

“Foreign competition is an ever-present threat to UK businesses and will become more so if the Pound strengthens against the Euro. There is also the issue of the continuing instability of the European market, which will become even shakier should – as is predicted – Greece be forced to leave the Eurozone.”

Chesterfield-based TMAT is rare for having been one of the businesses that has thrived during the economic downturn. Its growth has risen from £5m per year to in excess of £10m since 2009 and TMAT aims to drive turnover to more than £20 million by 2015.

Despite the reservations Jason and TMAT have about the raft of good stories predicting sizeable imminent growth, TMAT does see itself as being at the forefront of the revival of UK manufacturing. The business is also a very keen advocate for manufacturing skills to be taught in schools.

TMAT designs and engineers innovative solutions to Noise, Vibration and Harshness for ACE (agricultural, construction, earthmoving) markets that it feels are the best in the industry. TMAT is backed by Advent Partners investment group and a £1.6 million HSBC funding package.

THE MANUFACTURER OF THE YEAR AWARDS

TMAT has been announced as a finalist in this years Manufacturer of the Year Awards in the SME Manufacturer of the Year category. The award winners will be revealed at the Manufacturer of the Year awards dinner on the 21st November.

 

20 PER CENT GROWTH DRIVES RECRUITMENT AT TMAT

A Chesterfield company is on a recruitment drive after achieving 20 per cent year-on-year growth, and is planning an Open Day for potential employees to learn more. 

TMAT researches, develops and manufactures innovative solutions to reduce noise and vibration in agricultural and construction vehicles and its customers include Case, New Holland Tractors, Komatsu and Volvo.  All of these companies incorporate TMAT’s acoustic systems into their industry-leading products, improving the working lives of millions of heavy equipment users worldwide.

TMAT has also been shortlisted for three major industry awards: the Derbyshire Times ‘Business Personality of the Year Award’, The Manufacturer ‘SME Manufacturer of the Year Award’, and the EEF  ‘Innovative Operating Practices Award’.

The company’s success is based on a major research and development investment programme and in-depth training for every member of the workforce.  From apprenticeships to MBAs, the company fully supports training and development to help every employee reach their full potential.  The majority of the company’s 120 workforce is from the local area.  In the current recruitment drive, TMAT is looking for: Quality Managers, Quality Engineers, Team Leaders, Operators and Key Account Managers as well as planning to increase its Apprenticeship scheme. 

Managing Director Jason Lippitt says:  “In the last 12 months TMAT has developed more than 100 product innovations and we’ve backed that with a world-class customer service operation.  We can only achieve this level of success with the support of our employees and in turn, we work with them to develop their business and personal skills.”

Recently, TMAT has focused on manufacturing components from sustainable and renewable resources.  Everything supplied by the company is made to order with a next day guaranteed delivery service which has operated at close to 100 per cent over four consecutive months.

Backed by Advent Partners and a £1.6 million HSBC funding package, TMAT aims to drive turnover to more than £20 million by 2015. 

To register an interest in attending the open day please email joanne.kisgory@tmatuk.com

AN AWARDING EXPERIENCE FOR TMAT

Excitement is building at TMAT as we find ourselves shortlisted for two major industry awards and in the running for a third.

During November we’ll be attending The Manufacturer of the Year Awards Ceremony in London where we’re shortlisted for the ‘SME Manufacturer of the Year’ category.  We’re up against some strong competition in this category and delighted to be in the final six companies.

Also this month, our MD Jason Lippitt will find out whether he has become the Derbyshire Times ‘Business Personality of the Year’.  Everyone at TMAT certainly thinks he’s a great business personality so we hope that the judges agree with us!

There’s also an Engineering Employers’ Federation event coming up where TMAT’s senior management team will find out whether we’re in the region’s shortlist for the EEF awards.

This year we’ve put huge investment into the company infrastructure, research and development and – most importantly – our employees, and in this difficult trading climate, we’ve grown by 20 per cent.  It’s great that our hard work and achievements are being recognised by others and everyone’s fingers are crossed that we’ll be returning with some shiny trophies!

TMAT RECRUITS GRADUATE PROJECT MANAGER

Yves Girod – New Project Engineer

TMAT welcomes a new graduate Project Engineer, Yves Girod to its dynamic team.

TMAT’s new Project Engineer will support the Project Manager and the Sales team to achieve a turnover over of £20 million by 2015; in line with the company’s ambitious business plan.

Girod is the future generation of manufacturing; he brings strength to the team with fresh ideas and innovation and he will be investigating new processes, technologies and tool design to enhance operation efficiency.

Yves graduated with an Honours Degree in Mechanical Engineering from the University of Manchester, he said:  “This is a great opportunity for me and I’m very excited about developing my career at such a unique and successful manufacturer.”

Greg Smith, Sales Manager remarked: “Having Yves join our team in not just an investment in the development of TMAT but also for the future of manufacturing. We must keep the younger generation interested in manufacturing in the UK to keep it innovative and forward thinking.”

100 PER CENT DELIVERY PERFORMANCE

TMAT has been commended by a UK original equipment manufacturer (OEM) for achieving a 100 per cent delivery rate over four consecutive months.

TMAT Ltd received an outstanding report following a recent audit with one of its established customers. One of the UK’s largest OEM’s looked at the factory and its performance and was pleased to advise the manufacturer that its delivery performance was 100 per cent for the fourth month in a row.

Each and every product has also been delivered in full with no reported quality issues. The team of auditors were impressed by the site and commented on how great the factory floor looked and operated.

David Delaney, Operations Manager said: “This is really a testament to the hard work and dedication of the employees here. The team is constantly innovating new ways to enhance operation efficiency and we are very proud of the 5S and other lean manufacturing tools that have been implemented here.”

TMAT aims to double its turnover by 2015 to more than £20 million and is set on a course for success as the OEM looks forward to working with TMAT’s engineers on future projects.

 

Team Stan riding for charity

TMAT has a host of colleagues that love taking on a challenge and raising money for charity.

On Sunday 2nd September 2012 our Financial Controller Laura Bawden and Steve Smith our Engineering & Site Services Manager will be taking part in the Manchester 100 bike ride. The bike ride is a huge 100 miles long and it starts and finishes at Wythenshaw Park in Manchester.

Laura and Steve will be riding as part of ‘Team Stan’ alongside other family and friends in memory of Laura’s brother and Grandad who both died earlier this year.

Laura and Steve have chosen to ride for The British Heart Foundation and Ashgate Hospice. Let’s support them and their team mates who are raising money for two very worthy causes.

Just Giving pages for donations are: http://www.justgiving.com/Steve-Laura-BHF &  http://www.justgiving.com/Steve-Laura-ashgate

TMAT wishes them the very best.

THREE EXAMS, THREE AND A HALF HOURS LONG EACH, IN THREE DAYS

A headline that sounds worthy of a gold medal! TMAT would like to applaud Rob Bates on his recent exam success.

Rob is currently working towards becoming CIMA qualified (Chartered Institute of Management Accounts) while in full-time employment here at TMAT. He recently found out that he has passed some of the CIMA exams which were particularly gruelling given the time scale between each paper.

Sitting three exams over three days was a challenge but Rob had been studying for them since February taking weekend classes and dedicating his evenings after work.

Rob started working in accounts straight after school, became AAT qualified and then commenced working towards the CIMA qualification. He has already passed the Managerial level of the qualification but aiming high Rob is now on target to becoming a qualified Management Accountant.

Now in the final stages of the course, TMAT would like to wish him the very best of luck for his final exam at the end of this month.

 

 

TMAT – Racing to raise money for Charity

TMAT is on a mission to raise money for a variety of charities in the Sheffield Half Marathon on Sunday 27th May.

The Race starts at Don Valley Stadium goes through the streets of the city centre and the finishes back at the stadium.

Jason Lippitt, MD is hoping to raise at least £1000 from TMAT with a view to the Company matching all sponsorship raised. Some of the contributions will go towards TMAT’s chosen charity “Ashgate Hospice” and the remainder will be shared between the charities chosen by the employees that are running.

Jason Lippitt is running for the British Heart Foundation. Jason said: “ My son was diagnosed with a congenital heart disease at only one day old. As I’ve supported many charities in the past I had decided to put some of my energy in raising funds for this fantastic charity”.

Theresa Morton is running for Brain Tumor UK. Theresa told TMAT: “This charity is close to my heart. My sister was diagnosed with a brain tumour last year and has just finished radiotherapy and chemotherapy treatment following a craniotomy operation to remove the tumour”.

Lee Carpenter is running for Help For Heroes. Lee advised: “I have chosen this charity because I have close friends and relatives in the armed forces, knowing that there is a charity that can provide the necessary support and can make a real difference to the lives of our wounded is a comfort”.

TMAT wishes each and every person running the Sheffield half marathon the best of luck in raising money for their chosen charity. There are many good reasons for supporting this sponsored event, so please help if you can.

If you’d like to help TMAT raise money and make a donation then please contact Jo Kisgory for more information. Joanne.Kisgory@TMatUK.com or 01246 599733.