reports
Update: Name change to TP Group and export win
Corac’s confirmation that shareholders have approved the name change to TP Group is a reflection on the changing nature of the group to a specialist engineering business. It was apt, therefore, that it announced earlier in the same week that it had won a £3.4m export contract from a South-East Asia shipbuilder. This provides further evidence that the group’s submarine atmosphere control products are a success both in the UK and in export markets. With the order due for delivery from 2016 to...
Initiation: Engineering the path to profitability
Corac group is establishing itself as a niche manufacturer of high-precision, technically demanding products for two primary end-markets: Aerospace & Defence and Energy & Process Industries. The strategy to transform from an early-stage R&D developer to a through-life support group is continuing rapidly, supported by acquisitions and demonstrated in a record order book. With market-focused restructuring set to complete in 2015 through recently announced site changes, refocused technology develop...
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