Stuga Restructures
With the downturn in the economy hitting machinery suppliers hard, Stuga announced this week that it is changing its business model, which claimed that its skilled manufacturing base has made it particularly vulnerable.
With immediate effect, Stuga has become a limited liability partnership, with the shareholding shared equally between Paul Wallis, Gareth Green and Steve Haines
Announcing the changes, the company said: “As a result of current market conditions and with no end in the downturn foreseeable at present, Stuga Ltd has been forced to make some serious changes to its business model … Changes to the way the company operates in the marketplace will not be seen as the company will be concentrating very much on customer service, spare parts and consumables supply and the highly respected preventative maintenance service purchased by most Stuga customers.”
The only noticeable change, said the company, will be that new machinery deliveries will have longer lead times, created by the scaling back of manufacturing at Stuga headquarters, which will be adjusted according to market demand.
