The Industrial manufacturing sector provides equipment and various products to factories and other industrial activity all over the world. Companies in industrial manufacturing are diverse in size and magnitude and manufacture various kinds of products. Several companies are currently considering merger or acquisition with another company in Iceland or elsewhere. Others prefer to sell units within the company and specify their focus further to increase both profits and specialisation.
Despite the differences most of the companies face similar operational challenges or challenges in the production process. High prices in oil, gas, steel and copper make it more difficult for industrial manufacturers to run a profitable business. To increase product price or other fees can cause problems for the companies towards their clients as consumers are less willing than before to invest in new expensive equipments.
The business environment is also changing with increased regulations and complicated tax laws. In Iceland as elsewhere the government is trying to further control businesses with regulations, which can partly be seen as the effects of the globalisation.
We emphasis the importance of Industrial manufacturing producing equipment which maximise production capacity and demand less work force, which ultimately facilitate management and save costs for clients. By offering extra services to the clients, such as checks and controls, we believe that the manufacturer has a better chance of building long term business relationships with his clients.
Most industrial manufacturers want to decrease production costs and increase quality control but do not manage to use fully their human resources or newest technology. PricewaterhouseCoopers can assist you in reaching these goals.
At PricewaterhouseCoopers we make an effort in providing outstanding services and advise in all of our fields of specialisation. PricewaterhouseCoopers provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders.