Product category:
Casting and Forging Subcontracting Services
News Release from: BERR (Department for Business, Enterprise and Regulatory Reform) | Subject: Open die forgings
Edited by the Manufacturingtalk Editorial
Team on 30 August 2002
Forging ahead into Europe on open die
work
Small Business Minister Nigel Griffiths today praised the high performance of Sheffield based Independent Forgings and Alloys (IFA), when he recently opened its new heat treatment facility.
Small Business Minister Nigel Griffiths praised the high performance of Sheffield based Independent Forgings and Alloys (IFA), when he recently opened its new heat treatment facility The facility, which was built with the assistance of Objective One Invest for Growth funding, will offer a niche facility for the company to supply forging and heat treatment facilities for a whole range of product sizes and materials for the defence and oil and gas industries
This article was originally published on Manufacturingtalk on 4 Apr 2006 at 8.00am (UK)
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Touring the site, Nigel Griffiths said: "Sheffield's proud steel tradition has faced the toughest competition over recent decades, but IFA1s success shows that the future can be bright both for business start ups and for the steel industry in the city.
"I am overwhelmed by the phenomenal successes of IFA in the eighteen months since it started.
Their hard work, dedication and technical excellence have built up a world-class business." IFA Sales and Marketing director Andy McGuinnes, commented: "The directors of Independent Forgings and Alloys felt there was an opportunity in the British and European markets for a forging company that looks for positive opportunities to win new business.
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"With the opening of the new heat treatment facility, and the expertise of the team within IFA, we feel we can only go from strength to strength." IFA is an open die forger that has developed the on-site expert forging capabilities, flexibility and onsite technical services that have attracted top-flight customers from around the world.
The addition of a heat treatment plant will build on the solid foundations laid by IFA in its first two years of trading.
The company has exceeded its business plan by 60% since it first started, and attracted big-name companies from the aerospace, oil and gas, power, petro-chemical, general engineering and defence industries.
Their exports have shot up from 6% to 15% by the beginning of their second year, and now account to over 20% of direct sales, and they attract custom from places as far flung as Thailand, Malaysia, Singapore and Australia, as well as from major US aerospace and power companies, and major customers in Eastern Europe.
Since taking over the company in March 2001 IFA has seen its turnover increase from ?2.7m to in excess of ?5m, and has doubled its number of employees from 30 to 60.
To contact IFA please call Andy McGuinness on 0114 234 3000.
IFA opened for business on the 12th March 2001, after a management buy out.
It was previously known as Doncasters open die division, and has been manufacturing forgings since 1898.
The Chairman of IFA ia David Marsh, Managing Director is Martin Burnham, Production Director is Peter Green and Sales and marketing Director is Andy McGuinness.
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