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Friday, July 23, 2021

UK wire manufacturer marks birthday with £1m investment

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A specialist producer of high performance nickel alloys is celebrating its birthday in style by targeting international expansion and a £1 million investment drive.

Alloy Wire International (AWI) is celebrating 75 years of manufacturing in 2021 and has plans in place to take sales past pre-COVID-19 levels to £12 million by the end of the year.

The company, which employs 30 people at manufacturing sites in the West Midlands and Yorkshire, is also looking to mark the milestone year by launching ‘Wired for Good’, a campaign that will see it boost its work supporting local charities and, importantly, committing to becoming carbon neutral.

This means all manufacturing, deliveries and even employee commuting emissions will need to be offset and the firm has partnered with a number of specialist organisations to achieve this, with the focus on woodland creation, solar, wind and sustainability projects.

Mark Venables, managing director of AWI, commented: “75 years in business is a major achievement and the last twelve months have certainly been some of the most challenging yet, with our staff going above and beyond to support the global fightback against the pandemic.

“Despite the challenges, sales have held up well and demand across 15 key market sectors have surged since January 2021 and this bodes well for our big anniversary year.”

He continued: “We’ve got some really big plans for our birthday celebrations, including a £1 million investment in new wet drawing machines and increasing our stockholding to 220 tonnes, the latter meaning we are able to offer our unrivalled two-week industry lead times.

“We also wanted to do something different that makes a positive social difference. With sustainability on many people’s agenda, we felt the time was right to become ‘carbon neutral’, a significant commitment when you consider we produce wire and export to over 65 countries.

“’Wired for Good’ will govern all of our 75th activities and we’re looking forward to announcing more positive projects in the coming weeks.”

Alloy Wire International, which manufactures round, flat and profile wire for more than 5000 customers, was founded in 1946 by John Stockdale in an old ambulance station in Old Hill in the Black Country.

The company’s founding principles of ‘manufacturing quality, delivering reliability’ has stood the test of time and still remains a crucial part of how it deals with its global client base, spanning automotive, aerospace, medical, nuclear and oil and gas.

Today, the firm is employee-owned with most of the staff owning shares in the business, a decision made by existing chairman Bill Graham and the current senior management team.

This inclusive culture has been crucial in helping AWI more than double turnover from £5 million to £11 million in the last 13 years.

Alloy Wire International
www.alloywire.com

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Lena Berryhttps://otcbbstocknews.com
Lena Berry is the executive editor of OTC BB Stock News. Apart from managing the large team of writers, you will find her writing about various topics.
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