Glynwed International is to sell its remaining traditional metals operations to New York-based steel company Niagara Corp for £21.2m. The businesses sold comprise Glynwed’s hot-rolling and bright drawn steel processing activities, together with the UK’s leading steel bar distributor, Macreadys. It is now free to concentrate on pipe systems and food equipment.
Council flat power
Powerminster, the electrical and mechanical engineering division of the MJ Gleeson group, is to supply energy services to 420 council flats in Manchester in an £11m deal with Manchester City Council. The company will install two combined heat and power units to supply the flats in six tower blocks.
Shareholders in the newly-merged BTR Siebe have voted overwhelmingly in favour of the group’s new name, Invensys. Chairman Lord Marshall said the name was suggestive of `invention, innovation and systems solutions’.
Help for electronics
The Government has launched a £3.6m initiative to help UK electronics companies improve the design of their products. It will offer practical help in the form of seminars, guide books and a network of eight regional support centres.
Hoses on radio
Pirtek, the hydraulic hose replacement firm, went on air this week. It has booked a series of 30-second spots on London’s Heart FM radio throughout April and May to advertise its industrial services.
PCB factory sold
The former Viasystems printed circuit board factory in Selkirk is being taken over by local firm Signum Circuits, which employs 200 workers. The Selkirk factory was put up for sale by the US firm along with its sister plant in Galashiels at the end of last year.