Black Country cold-rolled steel specialist secures £50,000 from the Midlands Engine Investment Fund II to drive growth
A Black Country metal fabrication firm has secured £50,000 funding from BCRS Business Loans through the Midlands Engine Investment Fund II to buy new equipment and expand its operations.
Based in Wolverhampton, Midland Cold Rolled Sections (MCRS) works with steel, aluminium and other malleable materials, providing specialist cold rolled sections and profiles to many industries across the UK.
The company purchases all its materials locally in the Black Country, resulting in additional growth in the local supply chain.
MCRS, which specialises in cold rolled sections and profiles for the UK cabling industry, will use the investment to purchase a new cold rolling machine.
The machine manufactures a key component used for cable management systems in new offices and has secured a new contract, which is expected to add an additional 30 per cent to the company's turnover.
