
Sarginsons Industries, a leading lightweight casting expert in Coventry, announced growth in growth in sales and profit following a strong 2017 to date. The company witnessed a growth in developing high performance cast aluminium alloys for the automotive and rail industries.
Sarginsons said that the company is on track to grow year-on-year sales by 30 per cent to £7.5 million by the end of 2017. At present, the company is working with the Brunel Centre for Advanced Solidification Technology (BCAST) for the development of new lightweight aluminium alloys.
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Anthony Evans, managing director at Sarginsons, said: “We’ve seen a huge rise in the demand for aluminium components in the global automotive industry and that is a major factor in our on-going success.”
“This year we’ve seen a major spike in new enquiries from tier one suppliers across Europe, which is further evidence the automotive industry in the UK remains buoyant, despite the on-going Brexit uncertainty.”
The company has made huge investments in new equipment and energy efficiency measures and is ready to spend £500,000 in further upgrades by 2018.
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“Manufacturers are now increasingly designing for the use of aluminium, whereas in the past they were looking to replace steel with aluminium to lightweight.
“The demand we’re seeing, and trends in the market, is very much pointing towards the use of aluminium continuing to grow and we’re pleased to say is providing companies like Sarginsons with massive opportunities.”
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