Industry News

£2m investment

Sheffield Forgemasters has completed an investment of £2m into its melting facility to make refined steel with reduced energy consumption. The investment is part of Forgemasters’ turnaround plan and drive towards operational efficiency improvements, and comes after the company announced a new intake of 14 apprentices for 2017. Despite harsh trading conditions and uncertainty over Brexit, management voted to strip out almost 80% of the primary electric arc furnace to replace the furnace gantry, electrode columns and current carrying arms, cabling, automation and control systems, hydraulics and water cooling with upgraded equipment to achieve a 15% efficiency improvement.

For further information www.sheffieldforgemasters.com

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