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Manufacturer boosts profits through operations management

7 January 2010
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Manufacturer boosts profits through operations managementAerospace and automotive engineering firm GKN has reduced its overheads during the past two years by around £150 million and has witnessed a recent rise in pre-tax profits as a result.

The Times reports that the company has enhanced its revenues through a programme of measures and is now focusing its efforts on "gearing to rising sales on the other side of recession".

In addition to operations management, GKN has witnessed a boost in its automotive division as a result of the government''s vehicle scrappage scheme, in addition to its strong position in both the civil and military aerospace sectors.

The firm has upgraded its financial forecasts, according to the news source, predicting annual pre-tax profits for the year to December 2009 of £70 to 80 million, ahead of analysts'' expectations.

A recent EEF survey discovered that more than half of UK manufacturers have taken steps to reduce carbon emissions and enhance the energy efficiency of their operations in order to tackle climate change.ADNFCR-3058-ID-19544892-ADNFCR
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