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A YEAR IN TORQUE – NORBAR HIGHLIGHTS FROM 2011

Norbar’s Stand at AIMEX in Sydney

The last 12 months have made up quite a year for Norbar. Each month was busy, cialis generic rx exciting and had a significant highlight which contributed to what was overall, a fantastic year in Norbar’s history.

We came back to work in January to the news that the total sales from 2010 had completely recovered to their pre-Global Financial Crisis level. There was a big order book and plenty to generic cialis pills alternative be getting on with – not a bad start!

In February we launched our Norbar India project – if you’ve read any of our latest blogs or follow us on Twitter you’ll know that Norbar India is up and running under the management of Narendra Borse. We’re very excited about this expansion into what is a rapidly growing economy with huge potential for UK manufacturers.

Speaking of rapidly growing economies, no prescription needed cialis March saw the 5th Anniversary of Norbar Shanghai. 300 guests from our distributors, customers and hardware associations joined Norbar Shanghai for a fabulous event to end Q1.

Now well in to the spring season, April saw us proudly announce that Catherine Rohll, the granddaughter of cheapest cialis from india Norbar’s founder Bill Brodey, was to join the company in September as Commercial Director.

Progress with our Indian venture continued in to May when Norbar India received approval for our company name – Norbar Torque Tools India Pvt. Ltd. The month was topped however when Siemens Wind power approved Norbar’s global companies to provide service and calibration to Siemens Wind Facilities worldwide.

The halfway point of 2011 was marked with outstanding sales in June and the launch of weekend shifts in July with the objective of increasing capacity. It was clear at this point between Q2 and Q3 that we were really growing in 2011.

On the back of viagra department of pharmacy services that it now seems less of a surprise that we saw our busiest August ever, with the first shipments of our new insulated torque wrenches contributing to record numbers of orders in and out – not bad for a traditionally quieter, holiday month.

September saw developments online and offline. We took our first steps in to the realm of social media and buy viagra soft online began a 6th month trial whilst attending two fantastic exhibitions – AIMEX in Sydney, well organised by Norbar Australia, and Offshore Europe in Aberdeen. It was of course only fitting that we then tweeted and blogged about both events!

Pace didn’t break in the final quarter of the year either. We held the Global Marketing Meeting in Banbury where representatives from Norbar UK, cialis comparison levitra viagra good USA, Australia, China and India. As if to reinforce our Global expansion we also welcomed 9 visitors from our distributors across Latin America for training – there was considerable positive feedback!

November was an excellent month for Norbar Torque Tools Inc. in particular as they achieved record annual sales and reported great progress on their building extension in Willoughby, Ohio. It’s also worth noting that the Norbar ‘MoBros’ raised £624 for testicular and prostate cancer in what was a buy viagra online site espharmacy.com fantastic moustache growing season for the charity month of ‘Movember’.

Finally, we finished the year and embarked upon the Yuletide Season with sales figures showing 19% growth over 2010 and finally answering the question we’d been asking ourselves all year – how were we going to find the space to expand the company?  The answer came as we signed the ‘Heads of Terms’ to purchase a 170,000 sq.ft building in Banbury, marking the end of 2011 in superb fashion.

2011 was a fantastic year for all involved at Norbar and on the back of these highlights we’ve clearly got everything to look forward to in 2012. Thank you to all involved! Perhaps this is yet again, buy cialis generic pharmacy online more evidence of a two-speed economy?

By Philip Brodey, Sales and Marketing Director


MINING AND THE ALL MIGHTY AUSSIE DOLLAR

Every four years the AIMEX mining exhibition is held in Sydney, billed by the organisers as ‘Asia Pacific’s International Mining Exhibition’.  Norbar took an impressive, centrally located stand at the exhibition this year and sponsored the exhibition floor plan printed in the Australian Mining magazine.  This was a big commitment for Norbar and demonstrates the importance that mining in Australia has for us – and the Australian economy in general.

A lot has changed since the previous AIMEX show in 2007 and, as a regular visitor to Australia, it is fascinating to observe the conflicts and contradictions that exist in the economy.  From the mining boom in 2007/8 through the Global Financial Crisis (GFC) and then (according to the mining industry) the money grabbing antics of the Australian Government.  It is not just man made intervention either.  Natural disasters, the floods and Cyclone Yasi, are estimated to have cost the mining industry Au$5 billion in lost production (source: Queensland Resources Council).

The thing that no visitor to Australia can fail to notice is the strength of the Australian Dollar.  It is still a shock to receive less Australian Dollars for our Pound than US Dollars!  Today, Thomas Cook is offering Au$1.5 for £1 compared with US$1.53.  You don’t have to go back far to find rates of over Au$2 to the Pound.  While this might indicate a confidence by investors in the Australian Dollar, it is hurting exporting companies.  Remarkably, visitor numbers are holding up despite the strength of the Dollar, August 2011 seeing numbers 2.3% increased relative to the previous year (source: Tourism Australia).

The other unavoidable subject for mining is the way that Government has decided to tax the industry.  First of all it was Kevin Rudd’s ‘Resource Super Profits Tax’, claimed to take nearly half of a mining industry profit on top of state mining royalties.  This was a principle factor leading to the demise of the Rudd government and a general election which was narrowly won by Labour, this time under Julia Gillard.  Ms. Gillard’s ‘Mineral Resource Rent Tax’ was seen by the industry as little more than a watered down version of Rudd’s ‘Super Profits Tax’.

But the latest assault on the mining industry is the ‘Carbon Tax’.  The tax has the laudable aim of reducing carbon emissions but the coal industry claims that it will cost it Au$18 billion in 2020.  It is further claimed that 25 mines will become unprofitable under the carbon tax putting the jobs of 4700 people directly at risk in the next three years and anywhere up to four times that number including indirect jobs.

However, looking at the mining industry in general, the threat of lost jobs does not seem to have become a reality yet.  There is a skills shortage across the Australian mining industry that has skewed wages across the nation.  According to Hays Salary Guide, a mining industry mechanical fitter in Queensland can expect to earn between Au$110,000 and Au$130,000 and up to Au$160,000 for a Leading Hand.  No wonder many young people will work in the mines for a few years and come back to Brisbane or Perth and purchase a decent house, much earlier than they could have dreamed of doing otherwise.

It is easy to be envious of the mineral resource that has saved Australia from the worst of the GFC and such wealth requires careful management.  Has the Australian Government merely taken the essential steps to share the wealth created by the nation’s mineral richness or have they gone too far and risk driving the customers for these minerals to their overseas competitors?  Coal is Australia’s biggest export but can the industry stay competitive under the Carbon Tax?

On balance, I think that we would all prefer to have Australia’s issues than Europe’s but, it goes to show, mineral resource wealth brings its own challenges.  Norbar will be back at the next AIMEX in 2015 and who knows how much more change the mining industry will have gone through by then!

By Philip Brodey, Sales and Marketing Director