Adey Steel Targeting Niche Sectors for Growth
Loughborough-based Adey Steel Group has announced plans to grow its presence as a specialist steel fabricator in the rail and energy sectors and has targeted the housebuilding sector to continue its construction growth.
The changes will see Adey Steel Group, which have been established for 90 years, increase its focus on working with rail, energy and specialist clients, while taking a more selective approach to work in the broader construction industry.
Managing Director, Andrew Adey, commented, “It is in these niche rail, energy and specialist sectors that we have enjoyed the most success in recent years, so we are looking to maximise our opportunities there and exercise caution in other, more volatile sectors.”
Over the past five years, Adey Steel has developed key specialisms that have enabled them to establish a strong position as an expert supply chain partner to key national infrastructure projects, such as Sellafield, Hinkley Point, the Midland Mainline and Crossrail.
Andrew Adey added, “We see growth opportunities presenting themselves in rail ahead of the CP6 and HS2 projects, combined with heavy investment in the nuclear and energy sectors, so we are structuring our business to ensure we are well positioned to support those initiative and deliver on our growth plans.”
In addition, Adey SteelShop Ltd, a sister company in the Adey Steel Group, is increasing its activity in the UK housebuilding sector, supplying structural steel and architectural metalwork to many of the most prominent regional and national housebuilders.
Adey is targeting the sector to service its unique requirements and to meet the very specific challenges involved with dealing with the UK’s growing housing shortage.