Team Andrews wowed the analyst community during their recent media visit to Market Watch. David Tobin of MarketWatch liked their differentiated approach to the market, “Andrews was one of the few companies to take a differentiated product approach to the sensor market, this should help them command higher margins relative to the market.” Andrews is committed to having cutting edge products, in 2011 they invested 2.2% of sales in R&D compared to the industry average of 1.4%. Additionally, in 2011, they invested the second most capital with regards to plant investments.
Their chairman, Sean O. Ferguson, was pleased to see their commitment to underserved markets, “ with everyone committed to the Traditional and Low End segments, Size represents a market where we don’t have to compete on price and we can compensate for the competitiveness of other markets.” At the end of 2011, Andrews led the market with a 45% market share of the Size segment. Additionally, they are dominating the Performance segment as well with a 32% market Share.
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