Bridgnorth Aluminium logs £254.6m turnover in 2018

Bridgnorth Aluminium, a supplier of rolled aluminium products, reported turnover growth of 29.77 per cent year-on-year for the twelve months to 31 December 2018. The company’s turnover increased from £196.2m in 2017 to £254.6m in 2018.

Bridgnorth Aluminium’s posted £9.2m pre-tax profits in 2018, an increase from £4m.

Bridgnorth Aluminium is 75% owned by Viohalco, while minority shareholder is the leading Japan-based supplier of rolled aluminium products UACJ Corporation. The company’s assets include a casthouse, rolling mill, two Litho Centres, a multi-slitting line and finishing lines. 

"In 2018 the demand conditions in the aluminium flat rolled products industry were generally good, with market growth of above 3 per cent in both Europe and North America. 2018 was also a year of considerable political influence on the industry which the company had to contend with,” the company said.

"Despite the above, the company was able to increase total sales volumes by 18 per cent and established a new record.”

"Further to the capital expenditure programme carried out in previous years, the company was able to gain market share in the lithographic segment. Sales volumes to the foil packaging industry were reduced, partly due to bad debt experiences in the previous year. New customer relationships were started in the US."