ROLLS-ROYCE HOLDINGS PLC Rolls-Royce is today announcing plans to invest up to £60m in its facility in Inchinnan, Renfrewshire, creating a new Centre of Competence (CoC) for the manufacture of aerofoils and a new location for the manufacture of mainline engine shafts.
The new CoC will manufacture an extensive range of aerofoils, including turbine and compressor components, for Rolls-Royce engines that are no longer in high volume production, such as the Adour and BR715. This requires a flexible workforce with a high degree of specialist knowledge.
The new location for the manufacture of mainline shafts will produce components that sit in the core of all Rolls-Royce aero engines.
Mike Mosley, Rolls-Royce, Chief Operating Officer - Supply Chain, said: "Rolls-Royce is focused on transforming our global industrial base to develop our world-class, competitive supply chain, concentrating investment in high-technology and high-intellectual property in key areas to help us deliver to customers.
"Our investment in Inchinnan demonstrates our commitment to innovative technology and world-class facilities which will improve performance and drive profitable growth for our business. We recognise the dedication and flexibility of the Inchinnan workforce who continue to play a key role in the success of Rolls-Royce."
Rolls-Royce initially invested £85 million in the facility at Inchinnan and has continued to invest over the last decade.
The new location for the manufacture of shafts will provide Rolls-Royce with capacity needed to deliver on our multi-billion pound order book. It complements our existing facility in Derby and capacity in our external supply chain.
This investment will potentially mitigate the impact of the job reductions announced earlier this year in Inchinnan as part of the Aerospace restructuring programme.
- Rolls-Royce's vision is to create better power for a changing world via two main business divisions, Aerospace and Land & Sea. These business divisions address markets with two strong technology platforms, gas turbines and reciprocating engines. Aerospace comprises Civil Aerospace and Defence Aerospace. Land & Sea comprises Marine, Nuclear and Power Systems.
- Rolls-Royce has customers in more than 120 countries, comprising more than 380 airlines and leasing customers, 160 armed forces, 4,000 marine customers including 70 navies, and more than 5,000 power and nuclear customers.
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Our business is focused on the 4Cs:
- Customer - placing the customer at the heart of our business
- Concentration - deciding where to grow and where not to
- Cost - continually looking to increase efficiency
- Cash - improving financial performance.
- Annual underlying revenue was £14.6 billion in 2014, around half of which came from the provision of aftermarket services. The firm and announced order book stood at £73.7 billion at the end of 2014.
- In 2014, Rolls-Royce invested £1.2 billion on research and development. We also support a global network of 31 University Technology Centres, which position Rolls-Royce engineers at the forefront of scientific research.
- Rolls-Royce employs over 54,000 people in more than 50 countries. Over 15,500 of these are engineers.
- The Group has a strong commitment to apprentice and graduate recruitment and to further developing employee skills. In 2014 we employed 354 graduates and 357 apprentices through our worldwide training programmes. Globally we have over 1,000 Rolls-Royce STEM ambassadors who are actively involved in education programmes and activities; we have set ourselves a target to reach 6 million people through our STEM outreach activities by 2020.
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