A bright future for precision engineering company PTG

PTG Precision Engineers has reported another strong year of growth, five years after it was saved from going under by Applied Automation owner David Rowe, who bought the business and transformed its future.

Rowe felt strongly that losing Plympton-based PTG with its level of engineering knowledge and skills and with almost 40 years of trading was unthinkable. “As a machine builder I also knew they would be a great asset to my core engineering business and following the acquisition, which gave them financial stability, I appointed Mike Stevens, one of my senior managers at Applied Automation as their Managing Director. 

“Since the acquisition in 2017, the company’s performance, despite the many challenges including covid and the increasing skills shortage within the industry, has been remarkable.  PTG has truly risen like a phoenix from the ashe.”

Under Stevens’ guidance the company has retained IS09001 accreditation and is currently working towards ISO45001 (Health and Safety) and has significant knowledge, experience and the skills required to work in the nuclear sector along with the necessary inspection facility.

Over the past two years, PTG has invested in new machinery and is also able to offer specialist services which are in short supply in the South West of England, such as cylindrical grinding.

Stevens is justly proud of the company’s customer retention rate: “It is exceptionally high and probably down to the fact that we really like to work closely with our customers. This ethos and working practice have helped us generate new business from some very prestigious customers, such as Leonardo Helicopters (previously Westland),” he said.

Stevens went on to explain that in his view probably the biggest current challenge the industry and the company face is attracting young people to become precision engineers. “We work with local colleges and training companies and want to take on a couple of apprentices now. But, whilst many students consider a career in engineering, for some reason hands-on precision engineering seems to miss out,” he said. “For that reason we’re now taking on people that are currently working in the engineering sector, such as setter operators for example, and we provide the upskilling and training to give them the skills and experience PTG will need in the future.”

With 2023 plans to expand their existing services in the Workholding, Nuclear and Aerospace sectors, where their expertise and experience makes them stand out from the crowd, the future is looking very positive for PTG.