Oldbury-based Metsec, one of the UK’s leading producer of cold rolled steel, has been named Company of the Year 2008 at the Confederation of British Metalforming (CBM) annual dinner and awards.

Britain’s national trade association for the metals industry presented Metsec with the award for its continuous improvements to its business such as training, investment, sustainability and commitment to manufacturing in the UK.

Metsec, which has been established for more than 75 years, is one of the UK’s largest specialist cold roll-forming company. It provides structural steel components for the UK construction and manufacturing industries.

Since 1998 the firm has been a part of the Profilform division of Voestalpine, a leading European processing group with its own steelmaking facilities and headquarters in Austria.

The group’s five divisions – Steel, Special Steel, Railway Systems, Automotive and Profilform – all occupy top positions in their respective markets.

Altogether it employs almost 40,000 employees, production and sales locations in 60 countries and is the world’s largest manufacturer of cold roll-formed sections.

Having invested £30 million in the last eight years alone, Metsec has now become the market leader in its sector.

Trade Minister Lord Jones of Birmingham said the business was a “shining example of the best of modern manufacturing. It continues to succeed because it produces high quality products at competitive prices and delivers excellent customer service through continuous investment in both its people and its equipment”.

Receiving the award from Edwina Curry, Metsec chief executive Erle Andrews said: “This award reflects the dedication and commitment of every one of Metsec’s 450 employees.

“We think that as a company we have both raised our profile and become a successful business – this award is recognition of the high standard we set out to achieve.”

Addressing an audience of more than 300 guests from the metalforming industry, CBM director general John Houseman said: “All of our entrants highlight the progress metalforming has made in terms of productivity, innovation and value-added – they are the heroes of the metalforming industry.”