An aluminium smelting firm in Congleton, England, has been placed into administration leading to the loss of 61 jobs. Richard Fleming and Paul Dumbell from the Manchester office of KPMG have been appointed as joint administrator to the firm, FE Mottram (Non-Ferrous) Ltd which has temporarily ceased trading.
The company, which was set up in 1973, makes a wide range of casting alloys, hardeners and de-oxidants. It is one of the largest secondary aluminium smelters in the UK, with a capacity to produce 25,000 tonnes per year.
Dumbell said that the firm had been hit hard by the global downturn, “and in particular, by the reduced level of orders from car manufacturers and the reducing level of metal prices”.
He said that it intended to preserve the site in the hope of finding a buyer.
Neither the Sheffield-based Ferro-Titanium business of F.E. Mottram Limited, or the nearby Dunstan and Wragg business are affected by the administration and both continue to trade as normal.
In 2007, the company made a profit of £384,000 on sales of more than £38.3m.
Source: Crain's Manchester Business
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