EuroWire November 2015

17 / 92

News
Corporate
November 2015 15
A UK manufacturer has invested more than £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 £10mn of annual
sales by 2016, after it boosted its capacity across two sites in the West Midlands
and Yorkshire.
The company, which is 100 per cent owned by its staff, 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 5m 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 0.025 to 21mm.
“We’ve had a really good time since the global recession, boosting turnover from
£4.5mn in 2009 to its current £8mn 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.”
Alloy Wire’s extensive stockholding of materials, ability to provide small batch
quantities and two- to three-week lead times have helped it establish a global
reputation that sees its products sent to more than 45 countries around the world.
Angus Hogarth, sales director, said, “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.”
Alloy Wire – UK Website:
▲ ▲ The Alloy Wire team celebrates securing the OHSAS 18001 and ISO 14001 quality accreditations
AlloyWire targets £10mn sales