In recognition of his drive and vision for the business, Tharsus CEO Brian Palmer was named as the IoD North East Investor Director at the business leaders’ dinner last night, 20th March.
Guest at the Radisson Blu Hotel in Durham also heard from IoD Director General, Simon Walker and Sir Clive Woodward, former world cup winning England rugby coach and former Director of the British Olympic Association.
Beating off strong competition from the likes of Ian Gilthorpe of Square One Law, Geoff Thompson of Utilitywise and Tony Trapp of OSBIT Power, amongst others, Palmer follows last year’s winner Bill Scott of Wilton Group to reinforce the strength of engineering across the region and the contribution made by the sector to the region’s economy.
The awards follows last November’s success at the Manufacturer of the Year Awards where Tharsus picked up the title of Large SME Manufacturer of the Year for 2012.
Palmer has assembled a strong management team to support Tharsus’ growth strategy which has been underpinned by more than £3m of investment in people and manufacturing capacity, supported by £690,000 from a successful regional growth fund application.
By developing an original equipment design and manufacturing service (OEDM), Tharsus are effectively creating and driving forward a new, value-led category that is representative of a bright future for UK manufacturing.
OEDM brings together final assembly with design and development, technology integration, material conversion – sheet metal and fabrication – and supply chain management.
Outlining the significant advantages it offers customers, Palmer explains, “It provides our customers with the bandwidth to cope with the requirement for prototypes, ad hoc initial batches, serial production and customisation and has resulted in a number of long-term contracts secured against global competition, an increase of almost 500% in the value of exports and a business model that will create sustainable growth through the development of deeply embedded relationships.”
“We believe that what really set us apart is our intelligent but straightforward approach to both product and production process.”
The award also recognises Tharsus’ proactive approach in promoting engineering to a wider audience, taking an innovative approach to creating opportunities for young people in order to nurture the next generation of engineers.
Tharsus joined forces with The Blyth Tall Ships Project to provide a welding skills course, known as ‘The Tharsus Factor’, designed to kick-start careers for young unemployed people.
Jeremy Middleton, of Middleton Enterprises Ltd who sponsor the award, said; “The innovation, ambition and financial acumen of the North East’s business leaders deserves to be praised.”
“The progression and success of the North East is dependent on the likes of Brian Palmer, who possess the knowledge, drive and astuteness to lead the region to a brighter future.”