Teesside stainless steel specialist Paralloy has won a top UK industry award – its fourth in just over six months.
The company was recognised for its Business Growth and Strategy at the prestigious Make UK Manufacturing Awards during a ceremony at St Paul’s Cathedral in London.
Paralloy Ltd had already been named the winner of the Yorkshire North East and Humber Award by Make UK – The Manufacturers’ Organisation – and beat off competition from other regional winners to claim the national title.
In November the company had received another top award for International Trade at The Manufacturer’s MX Awards and a few months earlier it was named High Growth Markets Exporter of the Year at the UMi Northern Powerhouse Export Awards.
Paralloy’s Chief Executive Officer Robert McGowan said: “To receive the Make UK award in such a famous and historic setting as St Paul’s Cathedral was the icing on the cake. It’s always satisfying to receive recognition and these awards mark the culmination of a lot of hard work by everybody involved in the business.
He added: “We are very proud of what we have achieved but we have no intention of resting on our laurels. We have big ambitions for this business and we’ve only just started.”
Millions of pounds invested in buildings, equipment and staff
Since 2020 Paralloy – when Paralloy was acquired from a large corporate group – the company has invested millions of pounds in buildings, equipment and staff. It has added a new and growing facility at TeesAMP in Middlesbrough to its operations in Sheffield and Billingham, where it has also expanded to a second site. It, amongst other things, will house Paralloy’s new training centre.
The company now has in excess of 500 employees – more than double the number of four years ago – and is still recruiting for a range of roles. It has customers in more than 40 countries and over 90% of its business is overseas. This year’s turnover is likely to be its biggest yet and there is a full order book.
Paralloy invents and manufactures specialist stainless steel and nickel alloy products for the petrochemical and power generation industries as well as turbines to power ships and aircraft.
Raw materials are melted at more than 1600 degrees Celsius at its foundry in Billingham. They are then cast, machined and fabricated into complex parts and assemblies which are shipped all over the world.
Paralloy’s products are being used in some of the world’s biggest infrastructure projects in Europe, North America and the Middle East and have been designed to help its customers dramatically reduce their carbon footprints. Paralloy says it will be carbon neutral by 2035.