Paralloy has received the prestigious King’s Award for Enterprise for Excellence in International Trade.
Paralloy has been transformed since its management buyout in 2020. Revenue has increased three-fold, the workforce has more than doubled to more than 500, and the company has spent millions of pounds on new equipment, infrastructure and R&D. It has also acquired four additional sites at the Tees Advanced Manufacturing Plant (TeesAMP) in Middlesbrough as well as new locations in Billingham and Sheffield.
Paralloy designs and produces specialist stainless steel products for petrochemical, aerospace, blue hydrogen, turbines and defence. The products are cast in one of three foundries in Billingham and finished, assembled and tested in Middlesbrough.
Paralloy is providing key components for the new USD 6bn Ras Laffan petrochemical complex in Qatar. It is providing nearly 400 radiant coils to be installed inside the seven steam-cracking furnaces. The 15 m coils are being manufactured to withstand temperatures of 1,100 degrees centigrade.
