£1m target for Alloy Wire at SPE Offshore
Investment in expanding its range of high performance and anti-corrosive wires could hold the key to £1m of new opportunities according to Alloy Wire International (AWI).
The UK’s leading supplier of flat, round and profile wire is heading to SPE Offshore Europe in Aberdeen next month to showcase it’s ability to offer a range of raw materials in larger sizes than ever before.
Bosses at the West Midlands-based firm believe they have answered the call from the sector, who have consistently run into problems sourcing wire in the size and quantity they need.
After more than £250,000 of investment in raw material, AWI can now offer increased starting diameter for alloys including MP35N, Nominic80A, Inconel 625, Inconel 601, Haynes 282 and Stainless Steel 304.
“This is a great example of us listening to an industry issue and reacting proactively to it and the response has been fantastic,” explained Angus Hogarth, Sales Director at Alloy Wire.
“We believe the larger sizes and the fact we manufacture exactly to the client’s specification will be a major draw at SPE Offshore Europe and we’ve set ourselves the target of securing £1m of business in this sector over the next twelve months.”
He continued: “Our technical experts will be on hand at the Show to talk through the performance of the different alloys and how our processes ensure they offer optimum performance in some of the most demanding and anti-corrosive environments in the world.”
AWI, which has recently invested £700,000 into its manufacturing and testing capabilities, already has a long list of customers who supply into the offshore sector.
This sees wire distributed all over the world and used in the production of springs, valves, machined parts and shear pins.
Angus concluded: “We can supply wire from 0.025mm (.001”) to 21mm (.827”) and currently work with 4000 customers in 15 sectors.
“Our extensive stockholding of materials, ability to provide small batch quantities and 2 to 3 week lead times has helped us establish a global reputation that sees our products sent to more than 45 countries across the world. Come and see our capabilities for yourself at SPE Offshore Europe.”
This was posted in Bdaily's Members' News section by Russ Cockburn .