Competitive, clean and green - Renishaw shows that UK companies can succeed with local manufacture, rather than going east

摘要

As a manufacturer, Renishaw is an outstanding success. The company's continual sales growth has only been interrupted by global recessions, and it has been in profit every year since it was formed in 1973. Its business philosophy is: 'Renishaw believes that success comes from innovative and patented products and processes, low-cost high-quality manufacturing and the ability to provide local customer support in all our markets' - and it is a philosophy that certainly works, with last year's turnover just under ￡176 million, of which 93% was from exports. The company's expenditure on research and development particularly impressive, and this is a key factor in maintaining its growth. For the financial year 2005/2006, the expenditure on R&D was ￡29.3 million, equating to 17% of turnover - although this figure has often reached 20%. Moreover, Renishaw has continued to increase its R&D, regardless of profitability.