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I ’ ve learned that adaptation is crucial
support of a private equity company , Chiltern Capital LLP . This involved bringing in senior managers , including David Byrne , as my successor . The MBO , initiated a year ago , is progressing according to plan under the guidance of our new CEO and CFO .”
Emtez , experiencing organic growth at a rate of 20 percent year-on-year , is expanding its operations with the establishment of a new manufacturing plant in Europe . Bruce explains : “ We manufacture our steel products in Scotland and France , where we have implemented a fully automated robotic welding system . Our latest facility , located on the outskirts of Barcelona , spanning 15,000 square meters , will focus on steel manufacturing and is set to become
operational in October . This expansion allows us to serve our customer base in Spain , France , Germany , and the UK more efficiently .”
While Emtez remains optimistic about its future , it also faces challenges common to manufacturing companies , including volatile markets , soaring energy and raw material costs , inflation , and the cost-ofliving crisis . “ We share these challenges with our competitors operating in the European Union ,” Bruce acknowledges . “ Moreover , the presence of cheap manufacturing in the East poses a challenge , as they often produce copies of our products with varying quality . Adapting to rising energy costs was challenging , but government assistance and a strategic shift to lower electricity
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