MTA member Precision Technologies Group (PTG) received the Greater China Business Award for the North West at the Greater China Awards and Chinese New Year Dinner. The Award recognised the company’s significant contribution to developing business and network links with Greater China, including bi-lateral trade and investment.
PTG Group Business Development Director Neil Jones said: “We are delighted to have been recognised for our efforts with such a prestigious honour. That recognition is all the more significant for us as we are founder members of the Manchester-China Forum, an initiative that is passionate about strengthening ties between the city region and China.”
Precision Technologies Group has been developing strong business connections with China and Taiwan since the 1980s. The business established a Chinese office in 2007 and has enjoyed increased sales into China year-on-year. In 2013, for example, a Zenith 400 helical profile grinder from PTG Holroyd Precision was purchased by one of China’s leading manufacturers of refrigeration compressors. Valued at £1.16m, the machine tool is capable of precision grinding screw compressor rotors of up to 420mm in diameter.
Philomena Chen, Head of Asia Pacific Development for UK Trade & Investment North West said: “There was an outstanding level of entries for this year’s Greater China Awards, across a wide range of sectors from advanced manufacturing to food production and from IT to chemicals. Our winner, PTG Holroyd, has struck an excellent balance between China and the UK in the areas of research, production and market penetration. The company has always shown great determination in the Chinese market, immersing itself in local culture and business practices as early as the 1980s when few businesses had the foresight to anticipate China’s growth potential.”
Clive Drinkwater, Regional Director for UK Trade & Investment North West, said: “Exports from our region to Greater China in the 12 months ending September 2013 were around £2 billion, and China has been the North West’s strongest growth market for several years. Our 3rd biggest export customer, it has overtaken historically big markets such as Ireland and the Netherlands.”
In the photograph: PTG’s HR Director, Don Whittle (left), and Chief Financial Officer, Laurence Neary (centre), with Clive Drinkwater (right), Regional Director of UKTI North West.