ADELAIDE based Redarc Electronics picked up two prestigious accolades this month, earning a top 20 spot in Westpac’s Businesses of Tomorrow program and picking up its second consecutive gold award for manufacturing excellence for businesses with more than $10 million annual turnover, at the Australian Auto Aftermarket Excellence Awards Banquet.
The only South Australian business to make the Westpac top 20, Redarc was among just three entrants from its home state to make the top 200 out of more than 2000 applications for the program that is designed to help businesses of all sizes transition and grow in a changing economy.
Being a top 20 entrant, Redarc will now have access to a mentor-matching program with Australian business leaders such as fashion designer Carla Zampatti and AGL chief executive Andrew Vesey, plus a tailored $100,000 professional services package and a study tour of the USA and China.
Westpac Business Bank CEO and Business of Tomorrow judge David Lindberg said Redarc made the grade due to its “bold vision to quadruple the business through market expansion, and its focus on innovation with over 30 employees dedicated to research and development”.
“With effective leadership, a key driver of success not only for today, but also beyond tomorrow, REDARC is a deserving high potential Business of Tomorrow.”
Redarc managing director Anthony Kittel said the company’s success is “shaped by continual innovation, a passion for learning and a team based culture shaped by collaboration”.
“By using a cross-functional team approach to product development we can continually deliver high quality, innovative products to the market.
“As an advanced manufacturer, we need a highly skilled and empowered workforce. The commitment of the REDARC employees to learning and training is impressive.
“Without a highly skilled workforce, our manufacturing capabilities wouldn’t be at the technological level it is.”
Redarc’s $20 million expansion of its manufacturing facility in Lonsdale had better include a large trophy room when it is completed next year.
The company is also pushing into export markets including Europe and the United States, while extending its product offerings to vehicle manufacturers to be used as original equipment or factory-approved upgrades.