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Coats & GSD ally to hike output in sewn products sector
20
May '14
Coats plc, the world’s leading industrial thread and consumer textile crafts business, and GSD (Corporate) Ltd announce an important strategic alliance. GSD, a UK based company, supplies expert management solutions that analyse time, cost and production capability in the sewn products sector with the focus on maximising productivity and controlling costs. 
 
Coats and GSD will collaborate on offering their respective management solutions to maximise productivity and drive down costs in the manufacturing sector, with GSD providing time-cost benchmarking and Coats offering consulting and technical production expertise, for retailers, brands and their supply chain vendors.  A key element in this process will be to analyse working methods and manufacturing procedures, including machinery and associated equipment requirements, to provide internationally accepted and globally recognised GSD based Standard Minute Values (SMV).  
 
The SMV is invaluable to brands and manufacturers worldwide as it facilitates fact based decisions on multiple aspects of production, including unit cost, production targets, operator performance, factory efficiency, wage levels, location and ethical sourcing, as well as identifying thread demand and highlighting potential improvements in productivity.  
 
Paul Forman, Group Chief Executive, Coats plc, said, ‘GSD is an innovative company and a world leader in its field of expertise.  This strategic alliance further strengthens the position of Coats Global Services by providing a valuable addition to the portfolio of products and services we are able to offer our customers.’
 
Paul Timson, Managing Director, GSD (Corporate) Ltd, said, ‘This is an important strategic step for GSD and we are delighted to be working with Coats, which is a recognised global leader.  This alliance provides further recognition of our world leading management solutions and consolidates GSD’s position as the accepted international standard in work measurement and productivity improvement.  
 
The combination of GSD’s specialist technical knowledge, data integrity and industry experience married to the global reach, industry stature and consulting expertise of Coats, creates a unique and exciting offering.’      
 
Coats Global Services was launched in response to customer demands to help them achieve operational excellence across manufacturing, sourcing and colour management.  It provides technical services, consulting, training, accreditation and technology solutions.  Once GSD’s management solutions have defined and predicted manufacturing methods and labour costs for brands and manufacturers, Coats Global Services can then collaborate with them on how to optimise production and speed to market. 
 

Coats Plc

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