Business of the Year tops of fantastic few years
WHEN Steven Munnoch joined Avon Metals Ltd as a junior buyer, the business was not in a healthy position.
Now, 14 years later, he is the chief executive officer and the company has won a handful of awards.
The latest, the Citizen and Gloucestershire Echo Diamond Jubilee Business Awards's Business of the Year, tops off a fantastic few years for the company, which has received its third Queen's Award for Enterprise and seen exports rise by 188 per cent.
Stephen said: "We were top heavy. We had a limited customer base and limited product portfolio. We did implement changes. We looked at what our customers were doing and brought in experts from different areas.
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"We realised if we were to continue and prosper, we would have to seek other markets.
"We have also done many things behind the scenes on the import side, which have been just as important to our success."
The company has two adjacent sites in Gloucester – a 55,000sq ft production site on Ashville Road and a 22,000sq ft warehouse facility in Empire Way.
There are two sides to the business – manufacturing and trading – but Stephen describes the business as an aluminium scrap recycling company at heart. Annually it recycles more than 10,000 tonnes of scrap that could otherwise end up in landfill.
Alloys are a key part of the business and by re-melting scrap and adding other metals, it makes complex alloys that are used to make aluminium foil for the food industry and aerospace parts such as Airbus wings.
It does this with scrap from other merchants and also from car makers, which includes the wheels from end of life vehicles.
A speciality metals division, focused on high temperature scrap recycling from the aerospace and power generation industries, will kick-start at the end of this year.
On the trading front, Avon Metals buys and sells exotic metals from around the world.
But Steven is keen to stress the company doesn't simply buy and sell, but the company undertakes chemical and mechanical testing, using labs in France and the USA, to make sure they are right for the customer.