Friday, April 27, 2012

Birmingham Aluminum expands after funding is secured

An aluminium and multi-metals components manufacturer has expanded its West Midlands headquarters after getting financial backing.
Birmingham Aluminium has invested £300,000 in the purchase of the unit next door to its base on Farrow Road in Great Barr, along with additional machinery, after securing the funding through Yorkshire Bank’s Investing For Growth initiative.
The company, which employs a total of 24 people, and has increased turnover by 20 per cent to £3.06 million over the last 12 months, now has around 22,500 sq ft of space after buying the 7,500 sq ft unit.
Joint-managing director, Steve Kane, said the investment represented one of the biggest expansions in the company’s 16 year history and was made possible following a surge in demand for its products on the continent.
“Our overseas market has probably doubled over the last 18 months, and now represents around 15 per cent of our turnover, which is up by a fifth in the last year,” he said.
“One of the major reasons behind this growth has been due to the success of our website after we translated it into seven languages with help from the Birmingham Chamber of Commerce.
“Orders and enquiries from countries such as France, Germany, eastern Europe, China, the Benelux countries, Scandinavia, Australia and USA have really taken off over the last 18 months and have led to us being able to make this investment.”
Birmingham Aluminium produces around 7,000 products for the electronics, transport, drives and controls, leisure, security and furniture components sectors with its products found in anything from electrical goods to train engines.

Read More

No comments:

Post a Comment