EuroWire November 2015

News Corporate

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

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 : www.alloywire.com AlloyWire targets £10mn sales

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November 2015