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Friday, July 20, 2018

APV FY18 HIGHLIGHTS

FY18 Brings 28% Revenue Growth for APV

  • 28% Revenue Growth across all markets
  • Awarded 2 major International supply contracts
  • Expanded management team
  • Commissioned 2 additional production lines and 20% increase in production staff to support increased demand
  • $2 million Investment into Test Centre

Harry Hickling, Managing Director of APV, is pleased to announce our 28% revenue growth during FY18.

“FY18 has been an exciting year for us and I wish to thank our customers for their support. Our persistence in the world market, brand recognition, our people and dedication to top quality products has resulted in this strong long-term growth for the company”.

APV is now selling at volume into Australia, NZ, USA, Europe and Asia as demonstrated by fortnightly pallet deliveries into the US. This is a tremendous result as we continue to build our international Brand and Reputation”

Within the Bus and Coach market we are the dominant supplier for Australian and continue to grow our North American market, where we have just completed a large build demonstrating APV Safety Products as a well established international OEM.

APV also continues to build our Industrial and Material Handling markets internationally, with important relationships for distribution of our products.

EXPANDED PRODUCTION FACILITY

Martin Merry, ex Holden Director Vehicle Operations, has been appointed as GM for APV Safety Products to support our continued growth and to further refine our production capacity, systems and process controls.

To support this growth Safety Products has completed the upgrade and commissioning of two addition production lines to enable on time delivery for our growing order demand.

Good news for our people has been the 20% increase in production staff to account for the new production lines and the current work mix for domestic and international customers.

Rapid increases in production requirements has required us to make many changes to our production areas and had a flow-on effect to our suppliers who have had to quickly react to our higher volume requests. “It’s great to have the conversations with suppliers that yes the volume is real, and I need it yesterday,” said Martin Merry.

QUALITY, STANDARDS & COP.

APV Safety Products completed its full upgrade to ISO9001:2015 Quality Management System in October 2017 and continues to have Independent Auditing of its processes and procedures, and Standards Compliance to ensure the highest levels of quality.

APV Safety Products is the only Seatbelt manufacturer and supplier in Australia performing these quality processes to ensure production quality and traceability. And this is backed up by the extensive test programs within the Test Centre.

In any one day, production can be manufacturing products to a variety of international standards including: ADR4, AS/NZS2596, FMVSS, SAEJ386, ECE R16 so strong controls are essential.

APV ENGINEERING & TESTING SERVICES

APV is please to announce the $2 million investment in new Cameras, Test Dummies and Equipment to ensure that the Test Centre remains the most advance facility of its type in Australia. These capabilities will support advanced design and manufacturing for industry as well as testing to the latest international protocols, including NCAP and ADR’s

The Test facility recently won the 2017 SAE Gold and Platinum Innovation Award for development of Test Methodologies for Automotive Accessories and Bull Bars. The Safety Assessment of accessories will continue to grow with the increased sophistication of vehicle safety systems.

http://www.apvsafetyproducts.com/apv-safety/sae-australia-recognises-apv-with-a-2017-platinum-award


FY19 BRINGS NEW CHALLENGES

There is an exciting year ahead for APV, our customers, suppliers and staff as we continue to improve the business, start new contracts and release new products to support our customers.