Soaring Plate Sales See Spartan UK Turnover Reach Record Levels
A 28 per cent hike in turnover for 2016 has been revealed by Spartan UK, a steel business based in Gateshead that produces hot rolled steel plates for customers in Europe, Scandinavia and the UK.
The volume of Spartan plate sales has now reached record levels, with steel prices of all products climbing significantly over the course of 12 months – which has succeeded in reversing the company’s previous loss of £6.1 million, Chronicle Live reports.
A report from the company read: “In 2017 Spartan are expecting a continued recovery in demand across the markets. It is anticipated that customers will favour Spartan supply during thus year as the short lead times minimise their risks during this uncertain recovery. It is forecast that Spartan will recover in volumes slightly faster than the competitors in our markets.”
Spartan itself employs approximately 116 people at its base on Ropery Road, with the company purchased nine years ago by Rinat Akhmetov, the owner and president of Ukrainian football club Shakhtar Donetsk. Parent company Metinvest is the largest private firm in the eastern European country.
Earlier this year, general secretary of union Unite Len McClusky spoke out and said that the government should take steps to ensure that UK steel is used for upcoming infrastructure products.
He explained that the guidance currently in place, stating that the economy and industry in the UK should benefit from significant investment where infrastructure is concerned, simply isn’t clear enough. As such, there should be guarantees in place to ensure that UK steel is used in projects like HS2.
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Foregale Ltd was established in 1981 operating from premises on Shillbank Lane, Mirfield. Following rapid expansion, the company not only relocated to the current premises on Union Road, Liversedge but also opened a second depot in Hessle, Hull in 1986.