Market-leading, precision manufacturing subcontract specialist - O.L.D. Engineering Ltd - is no stranger to making strategic investment in new and advanced machine tool technologies.
Indeed the Leicestershire-based, family-owned company, first established in 1971 has, in the last 12 months alone, invested in eight (8) new Doosan machines supplied by Mills CNC. 
These new machines – 1 x Puma 600 (large capacity) lathe; 3 x Puma 400 lathes; 2 x Lynx 300 lathes and 2 x VC 500 (twin-pallet) vertical machining centres have increased O.L.D. Engineering’s manufacturing capabilities and flexibility, and have given the company much-needed extra production capacity because, according to Mary Topp, O.L.D. Engineering’s managing director; ‘‘business was (and still is) booming, and we needed to invest in new machines to capitalise on the up-turn.’’
The new Doosan machines are being used to produce complex, high-precision components for a diverse and growing range of customers operating in the power generation, electronics, fluid power, packaging, automotive and motorsport sectors.
There are a number of reasons why Doosan machines (supplied by Mills) were selected.
Continues Mary Topp:
‘‘The relationship between O.L.D. Engineering Ltd and Mills goes back to 1995 and a partnership, based on trust and shared values, exists between both companies. Mills know and understand our business and it is these strengths coupled with the reliability, accuracy and value of the Doosan machine tools it sells, supports and services that give Mills the edge.’’
O.L.D. Engineering
Although the types of parts manufactured on the new Doosan machines vary considerably there are some similarities.
Says Mary Topp:
‘‘We are mainly involved in ‘heavy-duty’ machining and the parts we manufacture are machined from cast iron, aluminium and/or steels to exacting accuracy and surface finish requirements.
‘‘We manufacture prototypes and one-offs right through to small-to-medium size batches and, as well as providing customers with ‘best-in-class’ machining (turning, milling, grinding), also offer a range of other services that including full inspection, sub-assembly, laser marking, welding & fabrication, pressure testing etc., to name but a few.’’
Back in the day
O.L.D. Engineering’s investment in new machine tool technologies is part of a company-wide continuous improvement programme that, in recent years, has seen a sizeable expansion in its plant…an increase in the services it provides and planned diversification into different industries and market sectors.
Continues Mary Topp:
‘‘When the company was first created in 1971 by the three original partners, (Mr Olner, Mr Lusty and Mr Drackley), it was located in small premises in Sharnford (Leicestershire) and its primary focus was on manufacturing parts for the rail industry.
‘‘In the early 1980’s the company relocated to its current site and, importantly, began manufacturing parts for a leading diesel engine OEM.
‘‘During the 1990’s we became a preferred supplier to this customer and now manufacture a comprehensive range of diesel engine parts that include -: shafts, manifolds, elbows, exhaust connectors, flywheels etc.’’
For a relatively small company to achieve such a strategic position within an OEM’s supply-chain is impressive – but it also has inherent dangers too.’
Says Mary Topp:
‘‘We didn’t want to be in the position of having ‘all of our eggs in one basket’, and realised that if our diesel engine customer’s business slowed down for any reason – the knock-on effect could be particularly damaging to us.
‘‘However, we knew and were confident that our corporate values and ‘right-first-time’ business approach were highly marketable and would, alongside further investment in new technologies and an increase in plant, equipment and personnel, allow us to grow our business in different sectors.’’
Diversification and beyond
The decision to diversify, made in 2006, has paid dividends and business is booming.
As well as continuing to manufacture parts for its OEM engine customer, O.L.D. Engineering has created a ‘Special Projects’ division to handle the new work acquired in different sectors and is looking to expand this side of its business further.
The company has, not surprisingly, grown significantly since the decision to diversify was taken and now employs 70 people.
This increase in staffing levels has been matched by a similar expansion in plant and equipment and the company now operates from 4 units on Sketchley Industrial Estate, Hinckley and is currently considering its options to increase its floor space further.
To help move into different markets and to further differentiate itself from the competition the company has gained ISO 9001 certification and expects to gain AS 9100 accreditation later this year.
http://www.machinetooldirect.co.uk/engineers-case-studies/Puma-Lathes—Lynx-Lathes—-VC-500.asp