Norco has restructured its business operations to take advantage of a growth in key markets.
According to Norco, the business has split its main activities into two separate companies – Norco GRP and Norco Composites, whilst maintaining an overall holding company called Norco Holding.
Norco claims that it has seen a growth in its advanced composites business, manufacturing lightweight structures using state of the art carbon fibre material for key clients in the aerospace, defence and automotive sectors.
Mark Northey, Managing Director of Norco, explained the rationale behind the company restructure, “Splitting the business into 2 means we can really concentrate on ensuring both get the focus and attention they need to continue growing. The restructure is a vital part of our 3-5 year business plan that will ensure Norco can tackle the opportunities ahead, particularly within the lightweight composite market.”
Norco adds that it has been supplying GRP mouldings to boat builders ever since its inception. The marine sector is a key market for Norco and following the restructure the GRP business is now concentrated together in the company’s largest manufacturing facility. This has streamlined the process and improved the flow of projects, as the whole team is now under one roof.
Mark continues, “We have also completely revamped one of our three manufacturing facilities with new lighting, a new oven etc. and this is now set up to concentrate on producing specific composite parts for a very important client. This level of investment, together with our focus on R&D and our approach to design-for-manufacture, will ensure Norco can continue to offer clients high quality and bespoke composite and GRP moulding services well into the future.”