_____________________________________________________________________________________________ Polar Technology
Growing market presence
It ’ s been a big year for Polar Technology . With major projects and internal transformations underway , Paul highlights some of the company ’ s latest accomplishments , as well as plans for the future : “ We have recently installed a brand-new dual mode , nine tow , three-spindle filament winding machine . This is a major part of our recent investment in our winding capabilities , as we continue to support the growing market in rotor sleeves for electric vehicle motors , lightweight transmission shafts and gas storage tanks . “ For the rest of this year , we will be delivering a transformative program , aimed at improving quality and productivity while reducing costs . We are investing heavily in our supply chain development alongside the implementation of more effective planning tools , new product implementation procedures and shop floor data capture .”
Future-thinking has been central to Polar
Technology ’ s success so far . Looking longterm , Paul summarizes the company ’ s next steps : “ Our business strategy for the next five years is centered around increasing our share in all our key end markets , with a particular focus on the aerospace and defense sectors . We also want to continue supporting our customers as the drive to Net Zero by 2030 accelerates , with areas such as electrical propulsion systems and hydrogen storage representing important opportunities for further growth and development .
“ This growth will be reflected in a sustained increase in revenue , with current annual figures projected to double by 2030 . This is underpinned by a strong forward order book made up of long-term agreements and repeat business , whilst our growing market presence will inevitably lead to the establishment of new , enduring relationships ,” he concludes . ■
www . polartechnology . co . uk
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