Sheffield Forgemasters is to capitalise on its pioneering work in engineering and steel-making research and development by launching a new company.
The new company, Sheffield Forgemasters RD26 Ltd, underpins several important developments at Forgemasters that have enabled the 200-year-old company to become a global leader in the manufacture of high technology steel components.
Headed by Professor Jesus Talamantes-Silva, supported by a strong internal team and working with visiting PhD students and graduates from UK universities, the new company will provide R&D consultancy, beginning by servicing Forgemasters’ internal work. There are also plans to take on a greater volume of external contracts.
The Sheffield-based forging and casting company has steadily built a portfolio of mainly export business in a diverse range of markets including civil nuclear power, offshore oil and gas exploration, hydro and thermal power generation, and defence.
Dr Graham Honeyman, chief executive of parent company Sheffield Forgemasters International, has long championed the value of research and development, which has consistently been the fastest growing area for the company and is fundamental to its business strategy.