Rolls continues growth with new factory

RRcorp-300Britain’s blue chip aero engine manufacturer Rolls-Royce has reported the start of construction of its new state-of-the-art core manufacturing facility in Derby that will produce reactor cores for the UK’s current and future submarines programme.

The commencement of work at Derby was among a list of company achievements from Rolls-Royce since February, including winning a $1.6bn order from International Airlines Group (IAG) for Trent XWB engines to power 18 Airbus A350-1000 aircraft and multiple contracts to provide and service military transport engines for the US Air Force and Marine Corps.

Two new senior appointments were also announced. Tony Wood, who has worked for Rolls-Royce for 12 years and is presently President – Marine, has been appointed President – Aerospace, replacing Mark King who has resigned. Lawrie Haynes, currently President – Nuclear, is appointed to a new position, President – Marine & Nuclear.

The company said trading in the first quarter had been consistent with its expectations and, for the full year, it expects growth in sales and profits.

This material is protected by copyright Ken Hurst 2013.

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About Ken Hurst

Ken Hurst began his career as a journalist in London over 30 years ago, working on a range of publications before moving on to weekly newspaper production in the newly-independent Zambia of the 1970s. He returned to the UK where his work included spells on newspapers and magazines, before moving to head up Norwich Union’s corporate affairs division. In the 1990s he moved on to freelance, co-own and publish the B2B audio magazine Sound and front the BBC radio Yesterday’s Papers programme. There followed six years as Business Editor at Britain’s biggest selling regional daily newspaper, The Eastern Daily Press, where he led an award-winning team and for whom he still writes a weekly socio/political comment column. Subsequently, he was Group Editorial Director at CBM, responsible for its UK and US magazine output – including The Manufacturer magazine – research-driven industry reports and live events content. Currently he is Contributing Editor at Works Management magazine publisher Findlay Media and Chairman of the consumer publishing house TNT Multimedia Ltd. He is a Fellow of the Royal Society of Arts and of the British Association of Communicators in Business.
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