South Yorkshire-based manufacturing firm Macalloy is set to expand after securing a major deal to supply its high strength architectural bar systems to Russia.
With roots dating back to 1948, Macalloy is headquartered at Caxton Way, Dinnington, Sheffield and designs, manufactures and supplies high strength bar and cable systems.
Operating from its own purpose built factory, the business specialises in tension structures, façade engineering, ground engineering and post tension/concrete engineering projects worldwide.
Barclays has provided both term debt and working capital to Macalloy, which employs 90 people and expects turnover to top £11m this year, to help it complete the new contract.
Peter Hoy, chief executive officer of Macalloy, said: “We’ve been trading successfully overseas for some time now but we’re always looking for new projects and the funding from Barclays has enabled us to finalise an exciting deal working on Russia stadia in time for the World Cup 2018.
"We are delighted to be involved with five of the Stadia and we are now planning ahead to 2022 and Qatar. We have already completed the refurbishment of the Al Khalifa stadium where we were first involved with the renovation in 2006 and the Asian games.
"We are now seeing enquiries for the remaining stadia both refurbishments and new builds and are hoping that our experience working on the 2018 stadia will be an excellent reference for future work.”
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement