Coats And GSD Announce Partnership
Coats plc — an England-based global manufacturer of industrial sewing thread and consumer textile craft products — and GSD (Corporate) Ltd. — a United Kingdom-based supplier of management solutions to the sewn products sector — have entered into a strategic partnership through which the companies will work together to offer their respective management solutions that help maximize productivity and decrease costs in the manufacturing sector.
GSD will provide time-cost benchmarking, and Coats will provide consulting and technical production expertise — all for retailers, brands and their supply chain vendors. The companies will analyze working methods and manufacturing processes — including machinery and associated equipment requirements — to offer GSD-based Standard Minute Values (SMV), which help brands and manufacturers make fact-based decisions regarding production and also identify thread demand and point out possible productivity improvements.
“GSD is an innovative company and a world leader in its field of expertise,” said Paul Forman, group chief executive, Coats plc. “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.”
“This is an important strategic step for GSD and we are delighted to be working with Coats, which is a recognized global leader,” said Paul Timson, managing director, GSD (Corporate) Ltd. “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.”
May 20, 2014