A LIVINGSTON business that processes metals for the aerospace sector said it expects to increase turnover by close to $20 million in the current year at the same time as announcing a €10m investment in a new facility in France.
IMET Alloys, which processes and supply-chain manages titanium and superalloy materials, said the establishment of a plant near Clermont-Ferrand in central France would enable the business to reduce the carbon footprint of titanium melting activities in Europe.
“IMET’s unique value proposition is vital to the creation of a European aerospace circular economy, completing the circular flow and efficient use of titanium materials, delivering environmental, climate and socio-economic benefits ranging from reduced transportation needs to lower raw material imports and a more self-sufficient European titanium supply-chain,” said chief executive Ruaraidh Williamson.
The plant is being designed and purpose built by IMET Alloys, which expects to expand further in the near future.
It comes as the business confirmed it is on track to record turnover of $60m for the year to December, which would represent a rise of 34 per cent on the $44.9m it turned over last year.
IMET Alloys already has two UK facilities in Livingston, two in the US and one in the Czech Republic.
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