BEREA, OH, April 8, 2008-The Alloy Engineering Co., designer and manufacturer of alloy products for high-temperature furnace and corrosive applications, celebrates its 65th anniversary, and reports that it is experiencing an average sales increase of 25% per year for the past three years, with projected sales in 2008 of more than double 2004 sales.
“After successfully serving traditional markets over the years, in the 1999 to 2002 timeframe management decided to focus the company’s core capabilities on emerging markets that promise long-term growth,” explains Rick Turiczek, vice president and general manager at Alloy Engineering. “Although we were serving these markets in a limited way, additional opportunities were identified that offered greater potential.
To take advantage of such opportunities, the company adopted lean business and manufacturing practices, and reinvented itself from a sales and marketing standpoint.
Alloy Engineering Celebrates 65th Anniversary
April 9, 2008