Magtec has been named Manufacturing Company of the Year in the Sheffield Business Awards, the premier showcase of enterprise in the industrial heartland of South Yorkshire.
Judges singled out the fast-growing company’s “efficient and innovative approach to manufacturing” in a highly competitive field. Magtec was also shortlisted in the Scale-Up Award category for best business growth.
Magtec’s winning entry highlighted its investment in people, innovation in product technology and market diversification strategy. The company has created more than 100 new engineering-related jobs over the last three years, bringing total headcount to more than 160 people. It is unique in the commercial electric vehicle sector as it designs, manufactures and produces core technologies as well as software and diagnostic systems. Magtec’s main market is trucks but it has a growing presence in other sectors including rail, UK land defence, bus re-powers and special applications such as marine and mining.
Rotherham-based Magtec impressed the Sheffield Business Awards’ judges with its investment in people, innovation in product technology and market diversification strategy
Andrew Gilligan, managing director of Magtec, said: “We are absolutely thrilled to be named Manufacturing Company of the Year, especially in a region which is renowned across the world for its manufacturing expertise. This means so much to us and is great recognition for the superb efforts of our team. I would like to say a massive thank you to our customers and suppliers for supporting Magtec as we scale up production to meet global demand for our world-leading electric vehicle technologies.”
The Sheffield Business Awards were organised by the Sheffield Chamber of Commerce and business magazine unLTD with international law firm CMS as headline sponsor.
Louisa Harrison-Walker, chief executive of Sheffield Chamber of Commerce, said: “To all those innovative businesses shortlisted, and to all those who raised a winning award on the night… a big congratulations! We were delighted to be there celebrating with you on such a fantastic occasion. You are part of what helps us towards making our city the best place in the UK to start, grow and run a successful and sustainable business.”
The Manufacturing Company of the Year category was judged on the basis of growth, improved commercial performance, increased market share and operational effectiveness. The Scale-Up Award was for a business that has experienced exceptional growth in the past year, positively contributing to the economy of Sheffield.
Magtec was founded in 1992 by chief technical officer Marcus Jenkins.
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