Dunedin-based automation and robotics firm Scott Technology has revealed its five-year plan, “Destination 2030.”
In a statement to the New Zealand Stock Exchange, the company announced its goal to reach $530 million in revenue by 2030, up from the $276 million reported in the 2024 financial year.
The company also aims to increase its local workforce by 50% within the next five years.
Scott Technology was expanding while maintaining its base in Dunedin, unlike many other businesses that had relocated from the city over the years.
“It’s something that Dunedin can celebrate, to see a company growing strongly and employing plenty of people,” Chairman Stuart McLauchlan said.
The company currently has 72 employees based in the city.
He said Dunedin, as one of the company’s four “centres of excellence” worldwide, would play a huge role in its growth over the next five years.
McLauchlan said the company would concentrate on leveraging its expertise in its four key sectors – protein, mining, appliances, and materials handling.
It will also pay attention to understanding customers and their needs.
“We’re engineers, so we’ve got to realise that there’s actually a market out there, and we’ve got to understand what people and organisations are requiring in terms of automation and forming those partnerships.
“It’s not just a one-off; it’s an enduring relationship.”
Scott Technology has 630 employees globally and operates across 10 different countries.