PRESIDENT Rob Board hosted a meeting of the Club with members and their invited guests enjoying a highly informative and most entertaining talk from local resident Colin Smith, Director of Engineering and Technology for Rolls-Royce.
He was pleased to be able to say that RR business has grown steadily to 2012 figures of £12.2 Billion turnover and a profit of £1.2billion, with an outstanding order book of over £60billion, with an outstanding order book of over £60billion. The recent acquisition of German diesel giant Tognum should add another three billion Euros to that turnover.
RR group business is centred on five main power generation sectors; civil and military aerospace, marine, industrial and nuclear.
Rolls-Royce employs over 14,000 people in the Derby area, with a direct economic impact of £1.2 billion, and it supports over 35,000 jobs and £670 million of goods and services from over 700 suppliers in the East Midlands, worth about £2.8 billion to the economy.
Colin illustrated the sort of technology required to maintain a competitive advantage, with £919 million invested in Research and Development in 2012. Rolls-Royce has invested in a significant number of University Technology and Advanced Manufacturing Centres across the world, around half of them in the UK, with the aim of providing wider thinking on both engine and manufacturing technologies.
In addition the Company is active in encouraging engineering in schools and in supporting both its own and other local Apprenticeship schemes. Rolls apprenticeships are oversubscribed ten times. The need for engineers will continue over the next 20 years.