University of Huddersfield experts are helping Otley-based Craftsman Tools introduce advanced technology and manufacturing systems that will enable the company to break into new global markets and quadruple its turnover.
Now, Craftsman Tools aims to diversify from subcontract machining and increase its focus on designing and manufacturing its own products, particularly toolholders.
The company’s goal is to boost turnover in this sector from £1.2m to £4m within five years. Increased productivity, flexibility and efficiencies need to be achieved, which will demand a systems engineering approach and automated manufacture. Key issues raised by the new strategy are to be addressed by a Knowledge Transfer Partnership (KTP) – financially backed by Government body Innovate UK – formed between Craftsman and the University of Huddersfield.
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