Wolverhampton-based Steelway Fensecure (www.steelway.co.uk) is investing in new machinery to increase its manufacturing capacity and expand its range of products.

The company has provided high-quality steel fabrications for a wide variety of sectors since 1928; it currently has a growing number of clients in the nuclear, water, gas, rail and defence sectors across the UK.

Its expertise lies in the creation of steel flooring, staircases and fencing, as well as in specialist products for the nuclear and rail sectors.

A £500,000 asset finance facility from Lloyds Bank has enabled the company to purchase a laser steel-cutting machine and a new press brake.

The laser cutting machine is fully automated and enables production to continue out of hours, increasing the company’s capacity by at least 30%.

Steelway Fensecure has a turnover of £12 million and currently employs 160 people at its two plants — in Wolverhampton and West Bromwich.

Managing director Dan Houghton said: “The new machinery not only increases our capacity but also allows us to increase our product offering, making us more competitive in a crowded market.

For the past eight years, Lloyds Bank has understood and supported our ambitions, as the business has grown.”