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News Release from: Gesipa Blind Riveting Systems
Edited by the Manufacturingtalk Editorial
Team on 01 October 2003
Booming rivet system sales trigger more
investment
Rapidly expanding sales blind rivets to UK's automotive sector coupled with fast rising export sales to America a supplier has invested over GBP 270,000 in manufacturing equipment.
Rapidly expanding sales of PolyGrip (trademark) blind rivets to UK's automotive sector coupled with fast rising export sales to America and the development of a new rivet nut stud assembly has resulted in a spend of over GBP 270,000 on new production machinery by Gesipa Blind Riveting Systems of Keighley, West Yorkshire The new equipment orders follow a 20 per cent expansion this year which led to a GBP 130,000 investment in a high performance coil fed wire nail machine and a move to round-the-clock production at the Keighley plant
This article was originally published on Manufacturingtalk on 20 May 2003 at 8.00am (UK)
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Simon Gledhill, managing director said: "Our capability to engineer a customer solution around our PolyGrip rivet and the new product development of the rivet nut stud assembly has been well received in the automotive sector on both sides of the Atlantic.
As a result, we have raised export sales by a third against 12 months ago and our business has moved into higher value-added riveting products for the UK market." In particular, the purchase of a GBP 170,000 Salvi 243 eyelet machine gives additional capacity to meet the growing demand for PolyGrip 'anti-rattle' blind rivets between 4mm and 6.4mm diameter.
It will also allow non-standard dimension aluminium and mild steel rivets for specific customer projects to be made more cost-effectively.
To which Simon Gledhill adds: "We will also be able to shorten delivery and lead times, obtain higher consistency of production and reduce our maintenance costs." With the development of the new rivet nut stud assembly, which has already generated an initial order for some four million units a year from a leading UK car manufacturer, Gesipa has developed its own special purpose assembly machine in conjunction with its parent company in Germany.
This machine, valued at more than GBP 100,000 will initially produce 150,000 rivet nut assemblies a week at Keighley which involves the clinching of a rivet nut to a threaded stud to create a single component and solves a particular assembly problem for the automotive company.
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