Derbyshire manufacturer gets a lift with £1m deal
Steel & Alloy, the West Bromwich automotive supplier, has opened a new £27m alloy processing facility, equipped with three heavy duty cranes, made by the Chapel-en-le-Frith manufacturer, Street Crane.
The investment has added 10,000 sq m to the site. Over the next two years, further investment will see the addition of three new production bays, adding a total of over 25,000 sq m.
Max Coleman, pperations director of Steel & Alloy, said. “Our business is celebrating its 50th anniversary and this new development is a perfect way for us to mark this milestone. The new plant runs high-strength slitting lines as well as flexible presses, suitable for making lightweight alloy components, which are in high demand in the automotive sector. Vehicle manufacturers are making lighter and stronger cars, improving the safety of the passengers and reducing the impact on the environment. To support the supply chain, we need to produce lighter and stronger parts. These levels of investment clearly demonstrate our faith in the UK automotive industry, where we are recognised as the largest independent steel processor.”
The deal with Street Crane is worth nearly £1 million and includes the supply and installation of three heavy duty cranes. They are used to move the large steel coils from storage through the production process and have each been fitted with the latest anti-sway technology, to ensure maximum safety and efficiency.
Steel & Alloy first started processing steel in the late 1960s and now operates six UK manufacturing sites. During 2012, Steel & Alloy was acquired by Gonvarri Steel Services, which was founded in 1958. It owns over 40 steel and aluminium transformation factories, with operations across 19 countries.