Minister praises Sigma’s global success9 Dec 2013
A Government Minister has praised aerospace components manufacturer Sigma Components for its success developing international partnerships to fuel business growth during a recent visit to China.
Lord Livingston, UK Trade Minister, made the comments during a trade visit that saw over 150 business leaders and Government Ministers visiting sites in Beijing, Shanghai and Chengdu, where Sigma’s Chinese operation is based.
During the visit, Mark Johnson, founder and managing director of Sigma Components, presented a case study on Advanced Manufacturing in Western China to the delegation, as well as leading a panel discussion on Sourcing in China.
Mark said: “China has been at the heart of our business model from the word go and our manufacturing facility in Chengdu plays an essential role driving growth across all our sites.
“While many businesses are nervous of operating in Chinese markets, our experience has shown that if you approach the market in the right way, China offers significant opportunities to boost performance and really grow a business.
“Naturally, there are differences in how we operate in China compared to the UK, but taking time to understand these issues is paying real dividends for us, driving growth both here in China and across our UK operations.”
Sigma’s Chinese manufacturing facility currently supplies components to its UK sites, allowing it to develop an in-house global business model that has seen sales quadruple over the last four years.
Mark continued: “While there is often much talk among the political classes about the importance of doing business with China, the delegation’s visit provided a fantastic opportunity to showcase what we are already doing and how others can learn from our experiences.
“It takes time and investment to understand new markets and how they can work as part of a global business model but it’s an approach that is certainly paying dividends for us.
“Receiving Government recognition for the success we’ve enjoyed creating jobs and wealth in both countries is very pleasing and will do much to inspire our teams as we look to continue this exciting work.”