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WM LEE CNC SPEEDWELL
Strategy

Strategy

Castings P.L.C. is a market leading iron castings and machining group based in the UK, supplying both the domestic and export markets.

Our continued strength is largely as a result of our investment in the latest technologies and manufacturing processes. Utilising high volume equipment in a medium batch environment, we are perfectly positioned to supply our commercial vehicle focussed customer base in Europe and beyond.

The management team is committed to developing the business for the benefit of shareholders, employees and customers.

Our focus is to deliver long term sustainable revenues and higher than average margins through the following strategic priorities:

  • Reinvestment for innovation and efficiency

    We invest in the latest technologies to provide our customers with innovative design and production offerings and to ensure we maximise production process efficiencies.

    We seek to strike a balance in the allocation of strong cash flows between reinvestment and providing attractive returns for shareholders.

  • Increase OEM market share

    By continuing to work collaboratively with customers to develop innovative, cost effective solutions, we strive to increase our market share within our existing core commercial vehicle customer base.

    With our investment in warehousing and logistics systems, we are well placed to take advantage of opportunities to bring additional products to our current OEM customers.

  • Strength of balance sheet

    The group balance sheet is managed to ensure long-term financial stability and the ability to make efficient investment decisions to support our strategic objectives.

  • Investment in our people

    With over 1,000 employees in the UK, our workforce are a critical element to the continued success of the group. We are committed developing our people through targeted and balanced training across all levels whilst maintaining an eye on the future with apprenticeship programmes in all companies in the group.