During its latest financial year Sandwell firm Metsec grew its turnover further past the £100m mark, reporting a turnover of £103m for the year to 31 March 2019. This was up from £100m in the prior 12 months.
The filed accounts for Voestalpine Metsec also revealed that its pre-tax profits dipped from £17m to £14.7m over the same period.
Metsec has been making metal structures at its site in Oldbury since 1931. In 1998 the company was acquired by Austria-headquartered Voestalpine AG, becoming Voestalpine Metsec plc, and the company went from strength to strength following inward investment in machinery and new facilities.
Voestalpine AG is a leading global provider of high-quality metal processing solutions, particularly special tubes and sections, special strip steel and complex components for the automotive and many other industries.
Metsec is part of Voestalpine’s metal forming division. It is the UK’s largest specialist cold roll forming company and supplies products to the construction and manufacturing industries.
A company statement signed off by the board said: “The directors are pleased to announce another successful year.
“We have made significant progress throughout the year in relation to key elements of our strategy.
“The company will continue to deliver excellent customer service to achieve growth in existing market segments and potential new markets.
“Furthermore, we aim to improve efficiency in all areas of our operations through continuous improvement process management.”
Congratulations on your continued success, Metsec!