High-performance alloy specialist Alloy WIre has just recorded its best ever month in the company's 73-year history.
Alloy Wire International (AWI) in the UK says it is casting aside the uncertainty of Brexit. It secured sales of over £1.2m in January.
The company supplies more than 60 different high-performance nickel alloys. This super January meant shipping 339 individual orders to customers in 27 different countries.
AWI manufactures round, flat and profile wire in a range of material that is expanding by the month, with over 60 currently available, each offering high corrosion resistance and/or very good performance at high temperatures. Demand for AWI'S wires are from clients in the automotive, aerospace, oil and gas and nuclear sectors, many of whom cite the company's 3-week lead time commitment as being a crucial factor for their manufacturing operations. The good news is also that despite the negative outlook of the Brexit negotiations, a significant proportion of the company's new sales are from within the EU.
Managing Director Mark Venables commented: “2018 was our best ever year, with about £11m worth of orders secured and delivered. We thought this was good, but 2019 has gotten off to a flying start.”
Venables said that AWI's business philosophy is to focus on a combination of significant stockholding, a multi-skilled team and major investments to support its sales team network located in over 50 countries. The company has also signed-off a £250,000 investment that will see the arrival of three new machines to boost speed, repeatable quality and capacity. Investments this year will be on automating part of the processes and bringing in new technology that will help the company continue the production of high quality wire - in varying sizes and volumes – faster.