Specialist UK Interconnect and Opto manufacturer set for record growth

UK-based interconnect and optoelectronics manufacturer, GTK, has ambitious growth plans. Currently on course to hit its target of £8.8M sales in 2007/08, its three year plan is to profitably grow the business to £15 million by the end of 2009-10. GTK sees potential for growth in all geographic locations, having experienced continuous improvement in sales over the last three years. Its objective is to grow organically, principally with business from the UK, Germany and Taiwan.

To this end, GTK has implemented a number of new initiatives, including a product group structure which was established in 2007. Three Business Managers are now responsible for Connectors and Cable Assemblies; Product Fabrication and PCBs; and Optoelectronics. A branch office originally opened in Taiwan to provide the link between UK sales and Far Eastern manufacturers, now accounts for 13% of overall direct sales; to support growth in Europe, GTK Electronics GmbH in Germany was opened in February 2008; and during 2007, the business of another UK-based cable assembly company was acquired with the aim of over-all business expansion.

The markets for connectors and cables in the UK and Germany now stand at £1375M and £1719M, respectively, illustrating that the company is operating in a market where there is great potential to grow market share. The prime objective of GTK is to offer European-made, as well as Far Eastern manufactured cable assemblies, to its global customers.