Posted by Aahmed on 13 Jun 2016 at 09:29

Dr Tony Bannan, 52, Chief Executive Officer of Rochdale-based Precision Technologies Group (PTG), has been appointed an Officer of the Order of the British Empire in the Queen’s Birthday Honours List 2016.

The OBE has been given in recognition of Dr Bannan’s services to the UK economy, international trade and inward investment. It follows a 12-month period during which PTG company, Holroyd Precision, received the 2015 Queen’s Award for Enterprise: International Trade, and the 2016 Greater China Business Award.

Dr Bannan joined Holroyd Precision as Technical Director in 1999, becoming Managing Director of PTG’s machine tools divisions (Holroyd Precision, Binns & Berry and Crawford Swift) in 2007. He became Group Chief Operating Officer in September 2008, and then PTG’s Group Chief Executive Officer in June 2010.

Export-driven business
PTG is an export-driven manufacturer of special purpose CNC machine tools, such as the globally acclaimed Zenith 400 helical profile grinder and the Powerstir range of friction stir welders, as well as ultra-precise rotors. Typically, 98% of all PTG products are exported, with 70% destined for Greater China.

“A tremendous honour and very surprising”
Referring to his appointment, Dr Bannan said: “To receive the OBE is obviously a huge thrill, a tremendous honour and very surprising. In business you occasionally meet people who have been granted such recognition, but never imagine it might happen to you. It is also very humbling, because you are being rewarded as an individual for what is, in truth, the combined and sustained efforts and creativity of many people in business – many of whom have gone before you and laid the foundations of success.”

“Benefiting from a strong legacy”
“Without the commitment, skills and imagination of the people who have worked in and led PTG – and before that, Holroyd – what has been built and exists today might never have been,” he continued. “I am lucky to have benefited from a strong legacy, and I remind myself and those around me of this fact very often. It is very important to recognise our duty to successive generations.”

PTG. The first name in precision
Incorporating the brands of Holroyd, Binns & Berry, Crawford Swift and Holroyd Precision Rotors, PTG has established itself at the forefront of high precision machine tool design, build and supply. The PTG range includes ultra precision grinding machines for rotor, thread and gear operations; rotor milling machines; heavy duty lathes; deep hole boring machines; friction stir welding machines and special purpose machine tools for the manufacture of precision components. Industrial sectors served range from aerospace, medical and mould tool & die to marine, power generation, mining, oil & gas, steel, high end and heavy automotive.


Photograph caption:
Dr Tony Bannan OBE – Group Chief Executive Officer of Precision Technologies