Sustained strong growth for Ultromex
Wirral-based Ultromex specialises in delivering innovative solutions to the aluminium industry, recovering value from aluminium wastes and other industrial by-products for aluminium smelters.
The company recently secured a multi-million pound contract to supply its technology to a large aluminium smelter in Saudi Arabia and has begun work with Rio Tinto on a number of their legacy sites around Europe.
The innovative processes and equipment developed by Ultromex selectively separate clean aluminium metal which can be remelted, and chemically treats the remaining non-metallics to maximise its economic value. Using Ultromex technology, remelting can be achieved in a highly efficient, low cost manner, yielding significantly less waste by-product. The move into Europe will see Ultromex building and developing a plant in France in order to position itself closer to emerging projects and opportunities.
Since receiving investment from The North West Fund, the firm has strengthened its commercial presence and grown its team three-fold and is set to double again in the next 12 months. Ultromex has also maintained strong links with both the University of Chester and the University of Liverpool. The company has provided valuable work experience for 15 students since 2017 and created full-time roles for three graduates.
Professor Steve Wilkinson, Head of the University of Chester’s Department of Chemical Engineering said: “Practical work experience is an essential element to our qualifications. Through placement schemes, our students gain confidence whilst developing practical skills working in laboratories with experienced professionals. Ultromex is one of our valued companies and we look forward to continuing our work with them for many years.”
Nigel Seddon, Chief Executive of Ultromex, said: “We are delighted that our technology and expertise is being recognised by primary and secondary smelters across the world.
“We will be building on our new relationships and providing further Ultromex technical expertise for the treatment of aluminium industry wastes to create a global business in this important sector.
“The North West Fund has been hugely supportive, right from our early days. We have worked closely with the Fund in developing our strategy and structuring the organisation. Having grown steadily over the past few years, we are now anticipating that we will double in size within the next 12 months taking us to a team of 30 before the end of next year with many of the new roles for younger talented people who are starting on their careers.”
This case study was drafted in 2020. For further information about this company, please visit: https://www.ultromex.com/ For the latest updates from our portfolio businesses, please visit our news pages.