Paralloy Group's Remarkable Growth Journey and Commitment to Innovation
Key Ideas
- Paralloy Group, a steel specialist, has displayed exceptional growth driven by innovation, excellence, and commitment, with recent mergers and community outreach activities.
- The acquisition of Manoir Industries has doubled Paralloy's workforce to over 1,000 employees and increased its turnover to more than £200m, showcasing a commitment to investment and growth.
- The company not only focuses on business expansion but also invests in apprenticeship programs, supporting both young and mature individuals to pursue careers in engineering, including efforts to increase female representation in the industry.
- Paralloy's community initiatives, charitable donations, and partnerships highlight its strong ties to the local area and have earned it recognition through various awards, including the King's Award for Enterprise for Excellence in International Trade.
Paralloy Group, with around 530 employees in the UK at sites in Billingham, Middlesbrough, and Sheffield, has demonstrated remarkable growth fueled by its core values of innovation, excellence, and commitment. Through the recent acquisition of Manoir Industries, the workforce has doubled to over 1,000 employees, with a turnover exceeding £200m. This merger reflects Paralloy's dedication to investments and growth, aiming to provide stronger solutions for industrial markets. The steel specialist is actively involved in apprenticeship programs, promoting opportunities for young and mature individuals to combat skills shortages in the industry and increase diversity, with a focus on empowering women in engineering. Additionally, the company engages in community outreach initiatives, supporting local projects, youth sports teams, and educational programs. These efforts have not gone unnoticed, as Paralloy has received prestigious awards, including the King's Award for Enterprise. CEO Robert McGowan emphasizes the company's commitment to achieving further goals both domestically and internationally, highlighting a drive for continuous improvement and excellence.
Topics
Blue Hydrogen
Awards
Investment
Manufacturing
Mergers
Apprenticeships
Female Empowerment
Community Outreach
Steel Firm
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