"Increased competitiveness" way forward for precision engineering...
Precision engineering firms say that increased competitiveness is the way forward in order to run their businesses long-term, one industry expert states.
Following a successful Open House event at Citizen Machinery UK, managing director Geoff Bryant, says that many attendees are still keen to find ways of improving productivity.
He adds: "Investment has been the mainstay of the small turned parts industry over the last decade."
Visitors also commented that continuous investment into high technology equipment which gives excellent earnings potential is "crucial" and a more sensible option than having cash in the bank, Mr Bryant explains.
During the event the Miyano BNJ-51SY2 was demonstrated by Miyano Machinery UK as a complementary machine to the 32 mm maximum capacity Citizen machines.
The new non-guide bush version of the Citizen A20 was launched and the new Citizen A32 was also shown.
Last week Citizen Machinery stated that its new sliding head lathe will improve productivity on shorter-length part.
The lathe was developed to give extra savings when cutting expensive materials.
Precision Engineering companies within the UK.
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