Electrifying success!
OPPORTUNITIES abound for precision engineer HV Wooding, as demand soars for its cutting edge work in renewable energy, electric vehicle, data centre and battery component production.
Supplying some of the hottest industrial sectors amid a global green push has delivered a £10 million turnover and 10 per cent growth for the third-generation family business and its workforce of 90 in Hythe, Kent.
A bespoke producer of parts, tooling, electroplating and busbars (crucial metal strips carrying electric currents), Wooding’s sub-contracting services range from design and prototyping to assembly and product testing.
Known for its fast turnarounds – in some cases 24 hours from idea to delivery – its customers include General Electric and Rolls-Royce. Its components have also helped power Cern’s Large Hadron Collider, the world’s largest particle accelerator.
Innovation and a determination to improve have enabled Wooding to survive downturns and customers moving to lower-cost economies.
The biggest, positive impact has been investment in equipment including laser-cutting machines totalling £1.5 million that have increased capacity, while a new Bruderer press has enabled manufacturing to come home to Wooding from overseas.
“Sales stand to grow 20 per cent because of these,” says chief executive John Wooding.
“We’re not a mass volume supplier. Our service is about quality, tailored solutions, having a wide scope of manufacturing methods and input including technical expertise to add value. We can advise on the possible and the impossible.”
The business, which contributed to the nationwide ventilator production challenge last year, has moved fast to jump on new trends emerging in the wake of Brexit and the pandemic. “Supply chain interruptions, quality issues, rising materials costs and freight charges have made customers more aware of the advantages of localised trading,” says Wooding. “We engaged again with former clients and are now completing orders re-shored from Spain.”
The pandemic also led to a re-evaluation: “We looked critically at how to be more efficient and leaner.”
Having established itself in the electric vehicle market through its busbars for batteries and drivetrains (the part that powers the wheels), the business is pitching to be part of the Faraday Battery Challenge, a new £318 million projects fund to build a sustainable battery manufacturing industry in the UK.
“Our aim is to develop a solution for insulating busbars to specific electrical ratings, a current issue for customers and one where we could excel and have an impact on future technologies,” says Wooding.
“The next five years offer considerable manufacturing opportunities and jobs for young people.
“We can show the world what the UK has to offer.”