EuroWire November 2018

Corporate News

Golden celebrations for Paramount

IN 1968, two brothers raised $750, bought some manual die lapping machines and set up shop in a shed behind their parents’ house. The company they founded, Paramount Die Company, is now a large supplier of finished carbide wire drawing dies, and is celebrating its 50 th anniversary. Paramount has introduced several of the wire industry’s ground-breaking innovations, according to the company. One of its biggest innovations, the wire drawing die insert, has become a global standard. Significantly reducing the shipping cost of dies and making the manufacturing of dies easier to automate, the wire drawing insert has led to many transformations in the wire industry. No longer constrained by internal die shops or the need for local supply, wire drawers can now procure highly advanced and optimised wire dies from global die experts. In half a century, Paramount has evolved from a start-up operation to a large company in the industry, and maintains the culture of innovation that inspired its original success. In 1992, the current owner and president, Rich Sarver, took the lead. Working within his company, Mr Sarver has transformed Paramount from a regional die company, to the global organisation it is today.

system. This innovation improved the wire drawing process by increasing lubrication and reducing drawing temperatures. ParaLoc made higher line speeds and drawing higher tensile materials possible. Moving into the future with even greater advances in material science and metrology, Paramount is exploring advanced coatings, grade developments and geometric optimisation. The company is developing the technologies which it expects will once again move the wire drawing die industry forward. Paramount Die Company – USA Website : www.paradie.com ▲ ▲ Rich Sarver, president and CEO of Paramount Die, right, celebrating his company’s 50 th anniversary with Friedrich Kehrer, global portfolio director metals and flow technologies at Messe Düsseldorf GmbH, at wire 2018 earlier this year

In the early 90s Paramount developed the ParaLoc © pressure

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November 2018