Organised by UK Trade & Investment (UKTI), the 2016 event saw PTG recognised for the organisation’s continued successes in developing business and network links across Greater China, including bilateral trade and investment.
PTG incorporates the brands of Holroyd, Binns & Berry, Crawford Swift and Holroyd Precision Components. The PTG range 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.
Says PTG’s chief executive officer, Dr Tony Bannan: “We were surprised and honoured to secure the 2016 Business Award, particularly as we previously won the award in 2014. This further recognition by UKTI of our achievements is clear proof of our ongoing drive to build solid business relationships with organisations that could benefit from our ultra-precise rotor milling and grinding technologies.
“The judges’ recognition is all the more significant as we are founder members of the Manchester-China Forum – a body that is passionate about strengthening ties between China and the city region.”
Precision Technologies Group has been developing business connections with China and Taiwan since the 1980s. The business established a Chinese office in 2007 and has seen increased sales into China year-on-year.
The company was acquired by China’s Chongqing Machinery & Electric Co in 2010 and has benefited from significant investment in the Rochdale business since acquisition. Typically, 98% of PTG’s products are exported, with 71% destined for Greater China.
By coincidence, the 2016 Education Links Award was won by Alliance Manchester Business School – an institution that PTG company, Holroyd Precision, has established ties with, by helping MSc students gain ‘real-world’ international business skills.
Last year, Holroyd Precision received a 2015 Queen’s Award for Enterprise, having achieved year-on-year growth in exports. The Queen’s Award was given in recognition of the company’s successes in developing new markets globally, creating new machine tool technologies with particular focus on those markets, and for Holroyd’s successes in exporting its specialised grinding and milling machines around the world.
*The NW England Greater China Awards are sponsored by Cathay Pacific, CIMA, Koehler Group and Orangefield Group and recognise success through the following categories: the Recognition Award, the Education Links Award, the Rising Star Award, and the Business Award.
