Third Dimension's new strategy builds on partnerships
Last summer, as Third Dimension received a Queen's Award for Enterprise, it restructured and the leadership team developed a new strategy to build the business through innovation and partnerships.
This strategy is creating record profits which are now being reinvested back into the business and developing further the new strategy.it has achieved record sales levels for the first half of this year, with second quarter sales double the highest of any previous year.
Tim Monks, CEO and founder of Third Dimension, said: “Our new strategy, based on the three pillars of trusted partnerships, definitive solutions and financial stability, is bearing fruit with a strong order book. Technologically, we are also delivering more than ever before.”
As part of this strategy, Third Dimension automated its data systems, outsourced more production to local companies and built a comprehensive customer and supplier portal. This was a complete shake-up and a totally new way of thinking.
Tim added: “Our evolution as a company has been strongly supported with powerful new branding. Reflecting our image and reputation, this was put into place after a thorough re-evaluation of how we approach our work.”
“I’d like to thank our customers, staff and suppliers for their loyalty. We can now build on these foundations and continue to excel in the technical capability of the GapGun products and services.”
One of these foundations, the trusted partnerships and best practice pillar, is already delivering for Third Dimension’s customers, making their production lines more efficient. For example, the company has recently received notable praise from Agusta Westland in a very practical way. In early results, GapGun has significantly reduced their MRO inspection times for interior and exterior composite panels of Merlin helicopters by almost 90%.
Keith Masterton, Agusta Westland’s Merlin Depth Business Manager, said: “...the previous manual process using a depth gauge took two-and-a-half hours, the GapGun measures it in just 20 minutes. It gives us a very quick indication as to whether the damaged area, or perceived damaged area, is within acceptable limits.”
This month, Third Dimension features as one of four UK companies in a new Sky documentary, ‘Manufacturing Change’. This will be broadcast on the 24th of July on Executive TV, channel 189.