IMET Alloys, a company with Scottish and US bases which specialises in the recovery and management of superalloy and titanium scrap, is exhibiting at next week's Paris Air Show as it targets rapid growth.
The company, founded by former vice-president of Caledonian Alloys Ruaraidh Williamson and backed by Caledonian co-founder Hugh Stewart's Coralinn private equity investment vehicle, said it had a turnover of more than $10 million (£6.4m) in its first full financial year to December 31, 2012.
IMET Alloys, which works across the aerospace, oil and gas, and land-based turbine manufacturing sectors, said its target was for 50% growth in turnover this year, with "similar projections" for the year after.
The company, which has a presence in Livingston in West Lothian and in the US aerospace industry hub of Monroe in North Carolina, employs 16 people.
IMET will be represented at the Paris Air Show by Mr Williamson, who is based in the US, and Stephen Dickson, who is general manager of European operations and works out of Livingston.
Mr Williamson said: "Working throughout the superalloy and titanium manufacturing supply chains and after-useable-life markets, IMET maximises the value of material to the generator, offers the mills a cost-saving over the prime raw material and helps to conserve precious natural resources."
Coralinn has backed IMET by offering financial as well as management support.
IMET noted its ownership was shared between Coralinn private investors and the executive management team.
The company, which was formed in 2011, added that its solutions gave customers tools and support to control their material. It added that revert or scrap was then processed for the specific melting requirements of the superalloy and titanium melting industries.
IMET deals with the likes of nickel and titanium from aeroplane engine parts and from drilling equipment in the oil and gas industry.
Caledonian Alloys was started in 1996, in Livingston, by Mr Stewart, Ron McNab and Doug Sked, and sold in 2007 to US company Precision Castparts.
IMET noted Mr Williamson, 34, had joined Caledonian Alloys in 2001 straight from university. It added that he had been part of the Caledonian Alloys team until July 2011.
Mr Stewart, non-executive chairman of IMET, said: "IMET Alloys is an exciting new business with several unique offerings for the aerospace and oil and gas supply chains. The people, relationships and systems have been developed to allow corporates to drive value to their business."
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