A Black Country foundry says it is on course to secure overseas deals worth almost £7 million over the next five years.
Family-run Boro Foundry, which was founded 60 years ago and is based Lye, is planning to take on extra staff as a result of its expansion into overseas markets.
The Stourbridge company is a specialist manufacturer and supplier of castings and machined parts and the new deals will see supply bespoke castings for cement manufacture and the power transmission industry where waste is converted into energy.
It recycles used castings and produces replacement parts for these types of plants which aim to improve the overall reliability of the system.
The company has already secured contracts worth £610,000 this year with companies in the waste-to-energy such as FL Smidth in Denmark and Ireland-based Aughinish Alumina along with firms in Sweden, Germany and Finland.
As a result of its overseas connections, the firm says it expects to sign recurring deals worth at least £1.25 million a year over the next five years as it is looks further afield at markets in Jamaica, Switzerland and other European countries.
The contracts have been announced as part of Export Week, running until November 14 by UK Trade & Investment (UKTI) which has been working with The Boro Foundry for 18 months.
Business development manager Nick Morrell said: "The domestic market had been quiet for a while so a couple of years ago we decided to take the plunge and look seriously at new opportunities overseas.
"We joined UKTI's Passport to Export scheme, took part in market visits to Finland and Sweden and attended several master-classes,including a seminar at the UK Embassy in Stockholm.
"As part of the process to internationalise our business, we created a strategy focusing on key specialist markets for our products, we internationalised our website (and) looked at issues around intellectual property and appointing agents, and we commissioned a market report into opportunities in Sweden, one of our key markets."
Mr Morrell added: "We currently employ 34 people, including five apprentices, and our export success means this will continue.
"We require additional skills - we will continue training existing staff, use innovative technologies within our industry and we will now be looking to take on more staff to cope with demand."
