Manufacturer aims to re-establish market position
The acquisition of Philidas in August 2008 has already led to a number of developments within the company, says Clark Hodges, sales director.
"As a manufacturer and supplier of female threaded fasteners to the aerospace industry, Philidas is going through the process of realigning its quality systems in order to achieve AS9100.
In addition, the company aims to re-establish its position as a supplier to this market through carefully selected distributors.
Investment has been made in new multi-axis CNC machinery, for example, and in the hiring of new personnel. "This investment is part of a programme designed to achieve success in various industries as well as aerospace - rail, construction, and general engineering, for example.
"Philidas has always been seen as the leading brand in its market but has lost direction slightly in recent years. We aim to get the company back on the map in its existing markets and back into the aerospace industry where it began in the 1940s."