Manufacturer wired up with investment
WIRE manufacturer Wintwire is getting a cash injection to fund wire equipment at its Penistone factory.
The £2.7m-turnover business, which makes wire from carbon alloy, stainless steel and copper alloy for the engineering, textile and medical industries, also exports 25% of its products to the EU, India, China, the US and South Africa.
It has now received a £50,000 Business loan from Finance Yorkshire as part of a larger investment to purchase wire rod cleaning equipment.
The equipment contains tanks that clean, treat and dry the wire rod using chemical baths, cutting out third party cleaners.
Marc Turner, managing director of Wintwire, said: “The equipment uses a new chemical system on wire rod coatings to remove mill scale. It does the job better and more efficiently.
“We can now get the wire rod cleaned immediately prior to production, which means that turnaround of customer orders will be faster.
“The equipment also makes us more environmentally-friendly because it does not use as much energy. In addition, we are not sending lorries up and down the motorway with wire to be cleaned.”
Wintwire was formed in 2003 and employs 30 people.
David Ward, portfolio manager at Finance Yorkshire, said: “The Wintwire team has considerable experience in the wire industry, blending manufacturing heritage with the latest technology. The new cleaning plant will speed up the production process and enable the business to enhance its service to a growing and global customer base.”
