Analysis
Significant growth at electronics integrator and cable assemblies firm CHH CoNeX
CHH CoNeX says year-on-year turnover has increased from £8.1m in August 2010 to £10.1m in 2011 on the back of a number of new contracts and growth within existing markets. Tim Hughes, Managing Director, said: “Telecoms, Medical and Industrial have long been core markets for us and we have a 21 year track record of offering right first time quality and on time in full delivery both well in excess of 99%.
“T“By using our experience and expertise, we have also been able to increase the value-add of a number of new products and achieve substantial growth within existing markets.”
In recent months, CHH CoNeX also joined a select group of UK companies to be recognised with the prestigious 21st Century Supply Chains (SC21) Silver award.
The Award is presented annually in recognition of companies that demonstrate exceptional levels of improvement in performance across business and manufacturing excellence and relationship management.
Mr Hughes said: “This recognition comes just 14 months after CHH CoNeX first became a signatory to the programme. We were able to achieve this in an aggressive timescale as we had many of the necessary disciplines already in place.
“We now hope to leverage this success for the benefit of not just our supply chain and customers, but other companies looking to drive innovation and business and operational excellence.”
CHH CoNeX is targeting sales growth to £21m by 2014, which represents a doubling of revenues within three years.
Although ambitious, Mr Hughes says that this is a statement of determination that underpins CHH CoNeX’s commitment to growth.
“We are currently looking at a number of growth options including acquiring a contract electronics manufacturing capability which will enable us to offer additional capabilities to new and existing customers.”
CHH CoNeX currently employs 141 people at its 85,000 square feet plant and aims to achieve ISO 14001 and OHSAS 18001 accreditation in 2012, thereby driving efficiency improvements further across the business.