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Bromford Iron & Steel forges stronger future with six-figure investment
Bromford Iron & Steel, a leading producer of hot rolled flats, sections and custom profiles, today announced a six-figure investment in its facility at West Bromwich. The investment will form the first wave of a ten-year transformation project.
Part of the OSSL Group, Bromford Iron & Steel has undergone radical development since its acquisition by the Group in 2014. Amidst the challenging conditions of the UK steel industry, Bromford has secured increased export contracts and has begun to see new growth. Bromford currently exports approximately 65% of its output.
Capitalising on this growth and as part of a decade-long commitment, Bromford is looking to implement new technologies to increase its agility and improve its customer service. This will include data capture and innovative new maintenance strategies. The investment follows new financial backing secured in a deal with corporate finance group Close Brothers.
“No one needs to reiterate the difficulties faced by the UK steel industry,” said Chris Hutton-Penman, chairman, OSSL Group. “They are well documented. But with the backdrop of the UK Industrial Strategy and the drive for an innovative manufacturing sector that demands a strong steel industry, we are making this investment to seize opportunity.
“To do this, our investment will address two issues: firstly to ensure we continue to offer the very best customer service. Secondly, we will look to leapfrog existing levels of automation and technology and move directly to next generation processes and systems. These will form the platform of improved competitiveness for growth.”
Chris added, “This first wave of investment – approximately £250,000 – is intended for both product quality and process improvement. With regards to quality, we are looking at equipment to improve product tolerances, with specific regard to the straightness and physical properties of the product. With regards to process improvement, we are looking at induction heating equipment that will help improve our energy efficiency profile and reduce CO2 emissions.”