Petersen Stainless Announces Major New Investment

Petersen Stainless Rigging Ltd completes the final phase of its largest productivity investment to date.

Petersen, one of the world’s leading manufacturers of stainless steel rigging and lifting equipment, took delivery this week of a new 12-axis lathe, the centrepiece of a £500,000 dedicated spend on productivity improvements.

The sophisticated new lathe has increased Petersen’s manufacturing capacity of the popular GTB turnbuckle bodies by a factor of twelve allowing them to better their already outstanding delivery performance.

The Petersen product development team has been strengthened by the recent appointment of Nathan McCluskey.  Nathan’s primary role is developing tooling to increase productivity of forged components such as swage shroud terminals and stemballs which are both seeing rapidly increasing sales.  Improvements have already been realized with new tooling for bending stainless steel shackles reducing the percentage requiring re-work from 80% to fewer than 3%.

New Petersen CEO Kevin Bell has also made changes to the management structure dedicating production director Ian Turnbull to increasing factory throughput, reducing wastes and improving quality.

Mr. Bell said: “On the back of our implementation of the aerospace quality standard AS9100:C the investments we have announced today underline our commitment to British manufacturing and engineering – we are proud to be able to say that our entire turnbuckle is manufactured by us, in our factory, in England.  We are currently able to offer our customers better than 98% of deliveries on time and by making these commitments to our productivity we aim to better this to over 99% by the end of 2015.”

The new edition of the Petersen Stainless Rigging catalog is now available for download from www.petersen-stainless.co.uk

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