An Automated Future

Scott Technology vision themselves as a company that automates the future. The production line machinery they design and build delivers productivity gains and exceptional reliability to many of the world’s leading manufacturers. Scott Technology also believe they go a step beyond engineering production solutions to revolutionise entire industries by using robotics to automate manual processes and create genuine competitive advantage.

For over 100 years Scott has been rapidly responding to shifting needs. Today, they have production bases in the United States, China, Australia and New Zealand, customers in 88 countries, and a real commitment to developing new technology and bringing it to market. Across everything they do, Scott Technologies are widely recognised as a world-class builder of advanced automation systems, particularly for the appliance, meat processing, mining and superconductor industries globally.

This is a short video of the Front Loader Washing Cabinet Assembly Production Line, check it out! https://www.youtube.com/watch?v=BdAwJYCWB3g (There are many other videos available for viewing, but unfortunately for myself I have too weak of a stomach to sit through the automated meat processing videos). 

My Company!

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!