Company News
24/06/2009 King Systems Launches Transformation Programme in manufacturing
King Systems today provided details at the
preliminary results of Consort Medical plc, its parent company, of a
transformation programme in manufacturing that is expected to significantly
reduce manufacturing cost and improve efficiency.
The
transformation programme will progressively automate the assembly of King
Systems’ core manufacturing processes for the production of circuits and
masks.The automation programme will
increase quality, increase capacity, reduce lead times and cost and is expected
to free up manufacturing space for future growth.
The three
year programme is expected to deliver an annual cost reduction of over
$5m.Consort Medical revealed that a
special charge of $5m would be incurred over the programme to deliver the
savings but that the necessary capital investment in new equipment would
largely be covered within the group’s normal expenditure levels.
Don
Dumoulin, CEO of King Systems, said: “We are all very excited about this
project.We aim to enhance both the
quality and competitiveness of all our core products and to reinvest some of
the increased margins into further innovation and R&D to stimulate our top
line growth.We believe that this
programme will affirm King Systems’ reputation as a leading