2 minute read - 26th July 2022
Nemco joins the Manufacturing Assembly Network
A contract electronics manufacturer has become the latest company to join the Manufacturing Assembly Network (MAN), as it promises to ramp-up its annual turnover to £30m by 2026.
Stevenage-based electronics specialist Nemco posted an £11m turnover figure in the last financial year and believes its involvement in the unique collective of sub-contract manufacturers and an engineering design agency will play a crucial role in helping it reach the ambitious target over the next four years.
MAN, which employs more than 1,750 people across 13 different factories, offers every engineering discipline imaginable, including aluminium casting, automation and control systems, forging, high-volume pressings, plastic injection moulding, precision machining, tube manipulation and welded assemblies.
Attracting Nemco to the group is seen as a huge coup, with the printed circuit board assembly experts boasting a diverse client base touching many different sectors, including aerospace, defence, industrial and medical.
David Duric, sales & marketing director at Nemco, said: “We’re thrilled to be a part of MAN, for the simple reason that the group boasts like-minded businesses who are progressive, ambitious and looking to grow. There is no competition within the group, so there is a great culture of transparency and best practice sharing that can only be good for our business. Importantly, we also offer new solutions that complement the core capabilities of other members in the Manufacturing Assembly Network.
“It has been a tough time in the manufacturing sector due to the global pandemic and its after-effects. We effectively lost a year somewhere and although there was a slight dip in the order book during the initial pandemic, we remained strong and diversified to weather the storm. Thankfully we recovered because we acted quickly. We planned ahead and we kept on investing in new machinery and strengthening our purchasing department to offset the rising costs of raw materials. This combined approach has seen us emerge in a position of strength.”
Nemco, which was formed in 1985 by Dave Pearce and currently employs 122 people at its 60,000 sq ft production facility, has identified significant opportunities in the renewable energy and EV sectors and is planning to make significant inroads in the months and years ahead.