HIGH VOLTAGE ASSEMBLY CHARGES UP COOPER TECHNOLOGIES

Written on the 3 January 2012

HIGH VOLTAGE ASSEMBLY CHARGES UP COOPER TECHNOLOGIES

DESPITE a contraction in Australia’s manufacturing industry, Cooper Technologies Australia met all of its budgets over the last 12 months.

Brett Cooper (pictured) describes FY10/11 as a ‘good year’ as his high voltage assembly and electrical wiring business locked down clients including truck brands Volvo, Mack and Western Star.

“We’re always looking for new clients and to spread our eggs across as many baskets as we can,” he says.

“We’ve diversified in construction work and are currently working on Brisbane’s Airport Link. We weren’t involved in construction until about a year ago, but it’s a big part of what we do now and we’ll diversify further in future.

“We’re also value-adding by investing capital on our machines to improve efficiency and throughput. We can’t compete on a global scale in terms of the high volumes that China and South America can, but we can value-add, so that’s what we’re pursuing and we believe that will be the difference between us and our competitors.”

Tendering for new contracts and exploring overseas options present opportunities for the company.

“We’re tendering for a contract to manufacture the electrical systems for military vehicles and there are a few other small contracts we’re tendering for that will increase our revenue by 25 per cent and mean we can employ 15 extra staff if we’re successful,” he says.

“We’re always trying to compete with the rest of the world, so we’re constantly looking at the option of outsourcing to China or the US. We’re investing capital in our own machinery to stay competitive though.”

Alongside sister Hayley, Cooper bought the business five years ago when it was ‘rundown’ for $1.5 million and spent a further $2.5 million on tools and machinery to bring it to a point where it could compete on a national level.

“Collectively, there was quite a bit of equity, particularly from our parents, although we owe the bank quite a bit of money. We’re heavily committed, but thought it was a process we had to go through to grow the business,” he says.

“My background is in electrical and I’ve always worked in manufacturing, but as with any business, there are issues and problems you deal with every day to keep things moving.

“Our biggest challenge was that right after we bought the business and started investing in fixing it up, the GFC hit, so our revenue started reducing and we still had these huge outlays. It was tough, particularly as the future was so uncertain.

“We’ve made a lot of changes since then. A lot of our smaller customers are dealing with the same problems we’re dealing with, so our service needs to be seamless and positive word of mouth will follow.”

----------

YOUNG ENTREPRENEUR FINALIST
Brett Cooper
Cooper Technologies
Australia
MANUFACTURING
Age: 33
Business Est: 2006
Staff: 40
Growth: 7 per cent
Turnover: $4.15 million


Latest News

CROWN EMPLOYEES CONVICTED, JASON O'CONNOR TO SPEND 10 MONTHS IN JAIL

CROWN Resorts (ASX: CWN) employees who were arrested in October last year on suspicion of gambling offences have b...

QUICK TURNAROUND FOR $20 MILLION OFFICE IN MELBOURNE OUTER-EAST

AN office building in Melbourne's outer eastern suburb of Mount Waverley has sold for $20.5 million just two year...

METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018

FOOD and grocery giant Metcash has announced its full year net profit has fallen more than 20 per cent and its CEO Ia...

SHARE PRICE PLUNGE FOR RETIREMENT VILLAGE OPERATOR AHEAD OF FOUR CORNERS INVESTIGATION

A RETIREMENT village operator which has been accused of charging excessive fees through complex contracts has respond...

Related News

METCASH NET PROFIT FALLS 20 PER CENT, ANNOUNCES CEO WILL STEP DOWN IN 2018

FOOD and grocery giant Metcash has announced its full year net profit has fallen more than 20 per cent and its CEO Ia...

SHARE PRICE PLUNGE FOR RETIREMENT VILLAGE OPERATOR AHEAD OF FOUR CORNERS INVESTIGATION

A RETIREMENT village operator which has been accused of charging excessive fees through complex contracts has respond...

CHINESE TECH FIRM LOOKS TO AUSTRALIA FOR 'CUTTING EDGE' IDEAS

CHINESE ed-tech company Retech Technologies (ASX: RTE) has listed on the ASX after raising $17.9 million from its IPO...

COLLINS FOODS GOBBLES UP MORE AUSSIE KFC STORES

COLLINS Foods Limited (ASX: CKF) has purchased 28 KFC restaurants from Yum! Brands Inc for $110.2 million, adding fur...

BOOK YOUR FUNCTION SPACE HERE

 

 

 

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter