Delivering Breakthrough Performance – Meggitt looks to create Centres of Excellence
Building a company that is fit for the future is key to the long term positioning and growth of Meggitt within an ever changing global environment.
The company is looking to focus on four aims that would deliver breakthrough performance:
- Portfolio – Attractive new and growth markets
- Competitiveness – Productivity, purchasing, footprint and inventory
- Customers – Performance, aftermarket growth and technology innovation
- Culture – Creating a high performance culture
As a result of these aims Meggitt is currently exploring the potential to develop a Centre of Excellence and consolidate some of its manufacturing, engineering and support facilities into a single ‘super site’, combining a number of the business operations and realigning production of some parts. This is part of the commitment to reduce the global footprint by 20% across all of its business units and divisions by 2021.
The company is exploring all options to develop an acceptable UK business justification. An essential feature will be new competitive operating arrangements and best practice on which the company is talking informally with union and colleague representative groups. Meggitt is also seeking support from government.
The next steps would be to involve the Meggitt Aircraft Braking Systems (MABS) site in Coventry, UK as well as the Meggitt Control Systems (MCS) Coventry and Meggitt Controls Systems (MCS) Birmingham facilities and also the corporate functions and shared services teams in Coventry.
Through significant investment in a new facility Meggitt would continue to develop the manufacturing capabilities required to support the long term strategic goal of being a leading manufacturer of aerospace, defence and energy products and continue to develop and enhance the future growth of the company’s services and products.
This would provide a real opportunity not only to create a Centre of Excellence but also to focus on long term employment with a modern working environment as well as improving production efficiencies.
Meggitt needs to review the optimum consolidation of its manufacturing operations within the UK in line with customer needs, and then develop a solid business justification, which involves a number of dimensions.
If Meggitt proceeds, this would be a major investment for the company as part of the strategic direction and would provide a framework for future global operations.
The company is not expected to make a firm proposal until the third quarter of 2017. More information would be provided at that stage.
For any additional information please contact:
Kate Moss – Group Head of Communications
+44 (0) 1202 597587