OBE for PTG’s chief executive officer

The OBE has been given in recognition of Dr Bannan’s services to the UK economy, international trade and inward investment.

Dr Bannan joined PTG company Holroyd Precision as technical director in 1999, becoming managing director of PTG’s machine tools divisions (Holroyd Precision, Binns & Berry and Crawford Swift) in 2007. He became group chief operating officer in September 2008, and then PTG’s group chief executive officer in June 2010.

Under his leadership, PTG’s approach across Greater China became so successful that in June 2010, the organisation was acquired by Chongqing Machinery & Electric (CQME), a large Chinese industrial group that employs approximately 40,000 people, is listed on the Hong Kong stock exchange and achieves annual sales of around $1.5 billion.

Throughout the acquisition process, Dr Bannan’s main focus was to promote and protect PTG as a strong driver of innovation and technology, and secure substantial investment to develop new markets while safeguarding the company’s UK and German (PTG Deutschland GmbH) businesses and employees.

Since acquisition, PTG has experienced considerable sales growth, with turnover in excess of £20 million in 2015. On its part, parent company CQME has invested considerably in the Rochdale business, further securing the future of PTG’s UK workforce. CQME allows for a significant proportion of PTG’s profits to be retained in the UK for the development of new products and markets, and to support investment in R&D, training and skills, trade exhibitions and publicity.

Referring to his appointment, Dr Bannan said: “To receive the OBE is obviously a huge thrill, a tremendous honour and very surprising. In business you occasionally meet people who have been granted such recognition, but never imagine it might happen to you.

“It is also very humbling, because you are being rewarded as an individual for what is, in truth, the combined and sustained efforts and creativity of many people in business – many of whom have gone before you and laid the foundations for success.”

Holroyd Precision www.holroyd.com