£500,000 investment set to spearhead wire manufacturer growth

Alloy Wire International (AWI) has set its sights on future growth as it begins work on a new warehouse in the Black Country.

The UK manufacturer of round, flat and profile wire is spending over £500,000 into the construction of a dedicated 2880ft² space alongside its existing Narrowboat Way factory.

Designed to help the firm meet increasing global customer demand for its material, the investment includes the doubling of electrical capacity with an application submitted to increase input to allow for the installation of more machines and a new furnace.

It will also mean AWI can hold up to 400 tonnes of stock when the expansion is completed in June and this safeguards security of supply to its clients for the foreseeable future.

Tom Mander, managing director designate at Alloy Wire International, commented: “We finished 2021 with two record months and we expect March to be our best-ever order intake, as the world’s manufacturing sectors try to protect against future disruption.

“Interest is coming from all the markets we supply, whether that is oil and gas and nuclear, or spring making, medical and advanced engineering. This has given us the confidence to press the button on our latest investment and the additional warehousing we’re going to need.

“This investment gives us the confidence and, importantly, the platform, to increase our stock range and explore new alloys that offer different solutions to our clients.

He continued: “Other new investments are planned for the next 12 months, including a new multi-head spooling machine in our annealing section and a wet drawing machine for very fine wires between 0.06mm to .15mm.

“These will give AWI customers increased choice of products, improved spooling, tighter tolerance and improved quality.”

Alloy Wire International manufactures round, flat and profile wire in over 60 Exotic alloys, such as Inconel, Monel, Hastelloy, Nimonic and Rene 41.

The company 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.

Mr Mander concluded: “Our staff continue to go above and beyond to meet the requirements of our customers, delivering the best quality wire within two to three weeks of the order being placed. Few companies can match this delivery performance.

“The technical team has also been busy at work exploring the possibility of using our material in additive manufacturing and the introduction of new alloys in our range.

“Inconel: 617, a nickel-chromium-cobalt-molybdenum-aluminium alloy, is our latest addition. This delivers a combination of increased strength and stability at elevated temperatures (up to 1100°C), whilst retaining the high temperature corrosion resistance of INCONEL alloy 601.”

Alloy Wire International
www.alloywire.com