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Alloy Wire International Marks Record-Breaking Year with £17.9m Sales

by Anna

Alloy Wire International (AWI), a leading UK manufacturer of round, flat, and profile wire, celebrates a record-breaking year with £17.9 million in sales since the Management Buyout (MBO) twelve months ago. The sales figure marks a nearly £5 million increase from the same period in 2022 and exceeds anticipated revenues by £3 million. Key factors contributing to AWI’s success include a resurgence in oil and gas, aerospace volumes post-pandemic, continued growth in the automotive sector, and new opportunities in research and development and space exploration.

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The senior management team, including Tom Mander (Managing Director), Adam Shaw (Finance Director), and Andrew Du Plessis (Technical Director), attributes the success to factors such as a commitment to a 400-tonne stockholding in material, supplying a 60-strong range of exotic alloys in three weeks, and expanding the Employee Ownership model to make every member of the staff a shareholder. The employee-centric approach has fostered a strong work culture and contributed to the exceptional performance.

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AWI’s global reach is evident with material sent to more than 65 different countries, showcasing its competitiveness against low-cost rivals. The company, founded in 1946, has maintained its commitment to ‘manufacturing quality, delivering reliability.’ Despite global supply chain disruptions, AWI continues to deliver material in just three weeks from order placement. The company plans a £1 million investment drive, including new wet drawing and single hole dry drawing machines, reinforcing its market-leading position.

AWI’s technical expertise, involving consultation with clients to identify and deliver the best possible material for end applications, remains a key differentiator. The company’s ‘Wired for Good’ campaign, supporting local charities and community groups, continues in 2023, with donations exceeding £45,000.

The successful year positions AWI as a resilient and innovative player in the wire manufacturing industry, poised for further growth and investment.

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