Steel stockholder expands business with plasma cutting machine
Franklin Steel plc, an established steel stockholder that has steadily diversified into related products and services, recently invested in an ESAB SGX plasma cutting machine so it could undertake profiling in-house. Previously the company had outsourced profiling, whether that was for steelwork it was fabricating, or to fulfil orders from customers who did not want to use a separate supplier for profiles. By investing in a plasma cutting machine, Franklin Steel has reduced the lead time for customers ordering profiles, increased profit margins on those orders and, most importantly, opened up a new revenue stream in the form of a profile cutting service.