Bromford Iron & Steel, which is part of the OSSL Group, said the investment forms the first wave of a 10-year transformation project.
Chris Hutton-Penman (pictured), chairman of the OSSL Group, said: “No one needs to reiterate the difficulties faced by the UK steel industry. “They are well documented. But with the backdrop of the UK Industrial Strategy and the drive for an innovative manufacturing sector that demands a strong steel industry, we are making this investment to seize opportunity.”
Bromford Iron & Steel has undergone development since its acquisition by the Group in 2014. It has since secured increased export contracts and begun new growth.
The firm is now looking to implement new technologies to increase agility and improve customer support, including data capture and new maintenance strategies.
Hutton-Penman added: “Our investment will address two issues: firstly to ensure we continue to offer the very best customer service. Secondly, we will look to leapfrog existing levels of automation and technology and move directly to next generation processes and systems. These will form the platform of improved competitiveness for growth.”
