Newage
Topic: Company
From HandWiki - Reading time: 3 min
Newage was the name of a former electrical engineering company in Stamford, Lincolnshire, that made electrical generators from 20–2000 kVA. In 1967 it produced the first brushless alternator.
History
The Northern Electric Wireless And General Engineering Company was founded in Manchester in 1935, to make electrical generators and air compressors..
It was incorporated on 27 August 1947 as Newage Engineers Limited.[1] The company moved to Stamford in 1950. In March 1988 it changed its name to Newage International Limited; it would keep this name until June 2006.
In 1973 it produced the first generator with a permanent magnet synchronous generator (pmg) for automatic voltage regulation (avr) excitation. In 1977 it claimed to be Europe's largest producer of AC generators up to 850 kVA.[2] In 1977 it made around 16,000 generators, and 23,000 generators in 1977. In 1991 it was turning over around £60m, with 850 employees. In 2001 it became Newage AvK SEG, then Cummins Generator Technologies in May 2006.
In April 1980 it won The Queen's Award for Enterprise: International Trade (Export) (1980).
Ownership
On 23 November 1964 it was bought by Charterhouse Industrial Group, when it bought 70% of the shares for £454,000. In 1986 it became owned by Cummins UK, a manufacturer of diesel engines, being known as Cummins Generator Technologies, and joined with AvK SEG in 2001.
In 2017 the name was again changed. It was renamed STAMFORD-AVK. STAMFORD® being the brand affixed to the alternators it manufactured and AVK® from AVK SEG purchased in 2001.
Subsidiaries
Riley Motor of Coventry formed the Riley Engine Company, which was bought as PR Motors by the Charterhouse Group in 1966.[3] The company became the Transmissions (gearbox) division of the company, and later was known as Newage Transmissions, later reacquired by PR Motors in 1980, and a £3.6m management buyout (MBO) in 1986. It made gearboxes for marine engines. This company changed its name from PRM Marine to PRM Newage in 2014. It is on the Alderman's Green Industrial Estate south of the M6. Newage Transmissions was on the Unlisted Securities Market stock market from September 1986, when it had a turnover of around £10m.
Structure
It was situated on the Barnack Road Industrial Estate, opposite Burghley House, on the B1443.
Products
It made alternators. In the 1960s, around 60% of its products were exported. The alternators are fed by full-wave bridge rectifiers.
References
- ↑ Companies House
- ↑ Times, 9 May 1977, page 20
- ↑ PRM-Newage history
External links
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