The company that
has been assigned to me for this assessment is SCOTT Technology Limited.
SCOTT Technology Limited is a New Zealand based, publicly listed engineering company that specialises in the design and manufacture of automated production and process machinery. When I first looked this company up I new I was in for some research as SCOTT Technology offers such a diverse range of equipment to many different countries around the world.
SCOTT Technology was
established in Dunedin, New Zealand in 1913 as an engineering company J & A
P Scott. At first the company was solely focused on the appliance industry,
however the slowdown in the American economy in 2001
gave SCOTT Technologies the incentive to diversify. The
diversification lead the company to enter the Asian and European markets
for appliance manufacturing systems.
Through heavy investment
in research and development in all areas of business SCOTT Technology
has grown globally and is now widely recognised as a world class builder
of advanced automation systems, particularly for the appliance, meat
processing, mining and superconductor industries.
From what I have read so
far my understanding is that this company has a lot to offer to many parties of
business around the world. Last year the company achieved a profit before tax
of $4.2m on revenues totalling $60.3m, which have slightly increased from the
previous year. I can see why this profit would have been achieved as it is
evident that the company is continuously introducing new products and
technologies. For example in May 2014 Scott Technologies acquired the business
of Robotworx, a seller and integrator of industrial robots. The robot industry
is expected to grow sustainably due to it promising output of high quality
products at a lower price.
Considering that I hadn’t
heard of SCOTT Technologies until Friday afternoon, what I have learnt so far
about my company is intriguing and I think that going through their financial
statements will uncover a lot about the business itself.
I look forward to reading
through your blogs and hearing all about your companies!
Hi Jaimee-Lee
ReplyDeleteScott Technology ... sounds like a pretty amazing company ... based in Dunedin in the far south of the South Island of New Zealand ... a globally competitive manufacturer of 'robots' machinery ... 'automated production and process machinery' ,,, who would have thought! :) Look forward to seeing your developing understanding about your amazing firm. Regards, Martin
Hi Jamie-Lee
ReplyDeleteIm lisa and my company also is in the engineering industry. My company is Fenner PLC group and it manufactures conveyer belts, equipment for the trucks etc. Fenner sounds a lot like what your company SCOTT technologies does for the engineering industry which is interesting:) check out my blog https://plus.google.com/u/0/102280361968587393632/posts
Hi Lisa!
DeleteYour company looks super interesting! They offer such a diverse range or markets globally. I'll be sure to keep an eye out on your blog to learn more :)
Hi Jamie- Lee, Your blog was great and your company sounds really interesting! Such a diverse company thats for sure, great to see that they didn't stall when times got tough and actually looked outside the square. I'm in Cairns too :) This is my first year of uni (after 16 years working lol) so it has definitely been a eye opener and its only week 2 hahaha. I'm studying part time as I had a little girl 6 months ago ... Its good to see there are a few of us doing this subject from Cairns, maybe we should organise a study group!
ReplyDeleteHere's my blog if you'd like to check it out :)
Talk soon
Jodie
http://jodiesuniblog.blogspot.com.au
Hi Jodie! Thanks for the feedback, its nice to know someone finds my blog interesting haha. I can see why it would be a bit of an adjustment for you. I work full time, and study part time, but I haven't studied in about 4 years either. Oh really! I think a study group would be a really good idea. Much easier than commenting on blogs and emailing!
DeleteI'll be sure to check out your blog and I look forward to hearing from you :)
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