30 April 2013
Sign up to our newsletterWant more news like this? Sign up to our newsletter.

Normal service resumed for Pontefract company

Philidas Manufacturing is manufacturing again at its Pontefract facility following some difficult months of financial problems.

The company can now move forward again as a business, returning to its roots and its core business of Industrial, Turret and MK5 nuts.

According to Ken Lord, the company's managing director, Philidas has been involved in some tough business decisions that have had a negative effect on the brand and the product. As a result of this a revitalised management has taken fresh ideas to change direction and revert back to its core business to secure a positive future for the brand.

Philidas now feels it can move forward in a professional manner after securing full backing from the banks and management funding. Target delivery dates are now aimed to be four to six weeks from order receipt for 95% of the products that can be manufactured.

Lord commented: "It has been a long and hard three months dealing with administrators and machinery purchasers but now the Philidas brand is safe we are excited about distributing the product back into a demanding market."

A spokesman from one of Philidas' distributors Francis Kirk (Socket Screws) commented: "It is fantastic news for the industry and for all involved that the Philidas brand has been saved. It carries a lot of history along with a high quality product that is specified within specific sectors. We are looking forward to working with Philidas and other distributors to develop the brand back to where it should be as the market leader of all metal locking nuts."

Author
Paul Gay

Related Websites

http://www.franciskirk.com

Similar Articles

Lee Spring acquires Longcroft

Lee Spring has acquired Longcroft Engineering, a manufacturer of custom springs operating in Todmorden, Lancashire, to better serve the UK and Europe.

Product supply bond

UK tapes, adhesives and sealants distributor, Viking Industrial, has signed a product supply partnership with Funkyheat, a producer of bespoke infrared glass mirror heaters for ...

Sulzer wins $2m in damages

The US District Court for the Southern District of New York has issued a Judgment in favour of Sulzer Mixpac against A&N Trading Co. and Sung Bin An, awarding $2 million in ...

Poka Yoke

The Japanese term Poka Yoke – which translates to “mistake-proofing” or “Inadvertent error prevention” – is familiar to most people working in manufacturing. Engineers have always ...

Manufacturing relationships

Manufacturing philosophies are subject to change and fashion, but Challenge Europe finds that the one constant is the need for trust between suppliers and manufacturing customer.

Nicely handled

Engineering components manufacturer WDS Component Parts has expanded its range of detent pins by developing a range of knobs that aid handling, particularly in adverse conditions.

SNAPLOC®?

SNAPLOC® optimised for speed of assembly and vibration decoupling

Automotive industry set

tesa® HiP (High Initial Performance) is a unique tape for bonding plastics that is set to revolutionise the automotive industry by eliminating the need for ultrasonic welding ...

tesa makes sure sound is no

When a leading global supplier of engineered noise control products and testing services experienced a problem in the manufacturing process of its sound-proof doors, tesa was ...