Coventry-based Sarginsons Industries (www.sarginsons.com), which has been at the forefront of aluminium diecasting for 80 years, has announced a significant increase in its sales and profits.

The company has seen major growth in developing high-performance cast aluminium alloys for the automotive and rail industries, and it is on track for sales of £7.5 million by the end of 2017 — a year-on-year increase of 30%.

Sarginsons is currently working with the Brunel Centre for Advanced Solidification Technology to develop lightweight aluminium alloys that are as strong as steel and totally recyclable.

The company is also a key industrial partner at the EPSRC Centre for Innovative Manufacturing in Liquid Metal Engineering (based at Brunel University) in collaboration with the University of Oxford, University of Leeds,
University of Manchester and Imperial College London.

It has invested heavily in new equipment and energy efficiency measures, and it is planning further upgrades.

Managing director Anthony Evans said: “We’re extremely pleased to announce strong performance figures for the year to date.

“We’ve seen a huge rise in the demand for aluminium components in the global automotive industry, and that is a major factor in our on-going success.

“Manufacturers are now increasingly designing for the use of aluminium, whereas in the past they were looking to replace steel with aluminium to lightweight.”