« BACK  

Alloy Wire sets its sights on £10m sales after £700,000 investment

The Alloy Wire team celebrate securing the OHSAS 18001 and ISO 14001 quality accreditations
The Alloy Wire team celebrate securing the OHSAS 18001 and ISO 14001 quality accreditations

A UK manufacturer - 100% owned by its staff - has invested over £700,000 in a bid to increase its global customer base.

Alloy Wire, which makes round, flat, shaped profile and electrical resistance wires in a range of exotic nickel alloys, has set its sights on reaching £10m of annual sales by 2016 after it boosted its capacity across two sites in the West Midlands and Yorkshire.

The company recently put the finishing touches on an investment drive that has seen it install three Zwick tensile and hardness testing machines, PMI material x-ray guns, fully automated multi spindle spooling machine, a 5 metre strand annealing furnace and a bespoke wire finishing line.

This has given the firm the ability to double its capacity, improve accuracy and extend its capability to produce wire from 0.025mm to 21mm.

"We've had a really good time since the global recession, boosting turnover from £4.5m in 2009 to its current £8m level," explained Mark Venables, Managing Director and leader of the management buy-out two years ago.

"Our success has been down to our ability to take on small batch quantities, fast response times and the fact we can manufacture in more than 60 different alloys, including Inconel, Nimonic, Incoloy, Hastelloy, and Ni-Span C902."

He continued: "Now is the right time to build on that success and the significant investment we have made in extending the factory and equipping it with automation and state-of-the-art technology will help us offer an even better product and level of service."

"It's not just capital we are spending money on. All our 25 staff receive ongoing training and are encouraged to learn new skills that can add value to the business."

Established in 1946, Alloy Wire is a world leader in the manufacture of precision drawn round wire, flat wire and shaped wire in a comprehensive range of high performance and exotic Nickel alloys.

The company supplies wire from 0.025mm (.001") to 21mm (.827") and currently works with 4000 customers in 15 sectors.

Its extensive stockholding of materials, ability to provide small batch quantities and 2 to 3 week lead times has helped it establish a global reputation that sees the company's products sent to more than 45 countries across the world.

Angus Hogarth, Sales Director, continued: "A lot of growth is coming from clients supplying into high value engineering, which is currently enjoying renewed investment."

"We are looking to build on our market share in nuclear and oil and gas, two industries which demand safety critical components that can withstand high temperatures and corrosive environments - ideal for what we supply."

He continued: "Our success has not been built on price. We combine one of the largest material selections in the sector with world class manufacturing processes, technical expertise and lead times that are often half the industry average."

"It's a successful formula that sees our wire used in anything from space exploration and model railways to electrical components and even cheese cutters used in supermarkets."

As part of this year's marketing activity, Alloy Wire has already exhibited at Houstex 2015 in the United States and will shortly be showcasing its capabilities at the SPE Offshore Europe Conference in Aberdeen and SMI Metal Engineering Expo in North Carolina in the US.

PUBLISHED: 06 Aug 15 Bookmark and Share
Company:
Alloy Wire International
Visit Alloy Wire Internationals website
Country:
UK
Tel:
+44 1384 262022
Fax:
+44 1384 263022
Email:
sales@alloywire.com
Website:
www.alloywire.com
Other News from Alloy Wire International:

»
AWI launches new app to help find the perfect alloy
»
Resistance wire boost puts Alloy Wire in great shape for Interpack 2017
»
AWI ready for growth as demand for 'stainless' increases in 2017
»
Investment in production line brings new orders to Alloy Wire
»
Customer milestone as Black Country manufacturer takes its high performance alloys global
»
Alloy Wire International set to fly high at Farnborough International Airshow 2016
»
Alloy Wire International launches new technical brochure
»
Alloy Wire International hails best ever 'wire 2016' with hundreds of new enquiries
»
Alloy Wire set to launch new products at wire Düsseldorf 2016
»
Alloy Wire Chairman named in The Manufacturer's Top 100
»
Alloy Wire targets new nuclear opportunities after securing F4N support
»
Alloy Wire to prove why 'Size Matters' at SPE Offshore Europe
»
Alloy Wire sets its sights on £10m sales after £700,000 investment


Industry News:
The Philadelphia Eagles Cheerleader handing Tommy his gift
Allied Wire & Cable donates $14,000 to Make-A-Wish Foundation
Allied Wire & Cable, USA
Brady Corporation's new, high performance B-7643 halogen free and non-adhesive cable tag
Easily print cable tags wherever you are
Brady Corporation, Belgium
The Maillefer team at wire Russia 2017
Thank you for visiting us at wire Russia 2017
Maillefer Extrusion Oy, Finland
CableBuilder integrates with SAP to give Southwire the leading edge
Southwire integrates CableBuilder to all its North American plants
Cimteq Ltd, UK
VICAFIL SENJA - Condat's new wire drawing soap
Higher drawing stability with VICAFIL SENJA
Condat SA, France
AWI App Launch: (l-r) Andrew Du Plessis, Natalie Baker and Mark Venables (all Alloy Wire)
AWI launches new app to help find the perfect alloy
Alloy Wire International, UK
Niehoff is expanding its activities into the field of stranding with its new subsidiary NIEHOFF Stranding Technology (NST)
Niehoff founds stranding subsidiary NST
Maschinenfabrik Niehoff GmbH & Co KG, Germany
The exhibition floor at Wire & Cable Guangzhou
Wire & Cable Guangzhou 2017 to open on 9 June
Guangzhou Guangya Messe Frankfurt Co Ltd, China (PR)
Goudsmit Magnetic Supplies has been awarded AS9100C certification and is therefore qualified as a supplier to the aerospace industry
AS9100C certification for Goudsmit Magnetics
Goudsmit Magnetics Group, Netherlands
The aim of the agreement is to fit nanotechnologies to cable systems for power grids, telecom networks and industrial applications
Prysmian Group and Nanocomp Technologies sign technology cooperation agreement
Prysmian Group, Italy
» VIEW ALL NEWS «