Hymid Multi-Shot Ltd is a manufacturer of high value plastic injection moulded components, supplying the medical, instrument & measurement and electronics markets.
After deciding to embark on a programme of change management, the company approached SWMAS for support with the implementation of a new business strategy.
Having gone through a difficult trading period, the founder members of Hymid Multi-Shot decided that the company needed to employ a more strategic approach and look to change the way it did business.
“We mapped out a clear, strategic vision for the business and decided on the model we wanted to adopt moving forward. It was the detail of how to plan and implement this that we needed some support with,” said Colin.
“SWMAS guided us through a people, systems and processes programme, which included a lean manufacturing workshop, value stream mapping exercise and Six Sigma training.
“The MAS advisor helped underpin the thought process behind the business strategy we had developed and added the detail missing from our implementation plan.”
Turnover increased by over 50%
Relocated from a 6,000 sq ft factory to new 18,000 sq ft facility
“Our productivity has increased significantly, which enabled us to finance the re-location of our factory entirely through cashflow.
“As we have grown we have also added a further dimension to the business offering through a New Product Development house. This means we can provide customers with product development support from concept through to production.
“Thanks in no small part to the support of SWMAS; we have a strong platform for continued growth and the potential to become a truly world class manufacturer,” said Colin.
Hymid Multi Shot
Sector: Plastic injection moulding
Location: Torquay, Devon
* Figures correct as of July 2013. New figures from March 2015: Employees = 37 and Turnover = £2.6m
This project was delivered by a SWMAS Manufacturing Specialist through our contract with the Manufacturing Advisory Service (MAS), now part of the Business Growth Service
Phil Halse, Manufacturing Specialist