Australian steel manufacturer Bisalloy has announced a 56 per cent increase in sales this year, its best for defence exports in over a decade.
The company is Australia’s only manufacturer of high-tensile and abrasion-resistant quenched and tempered steel plate used for armour, structural and wear-resistant steel applications.
Based in Unanderra, NSW, Bisalloy exports its products to countries throughout Asia, the Middle East, Europe, North America and South America.
Defence minister Christopher Pyne said that Bisalloy’s result was a reflection of the federal government’s commitment to using Australian steel for new military projects. Bisalloy signed a contract with Naval Group Australia to produce specialised steel for the submarine project.
“Bisalloy is also providing innovative products to a number of Defence projects, such as the Army’s Hawkei vehicle and the $5.2 billion Boxer Combat Reconnaissance Vehicle,” Pyne said.
“Bisalloy is also leveraging its success to seek out export opportunities and has already secured several large volume international orders for its innovative armour plates.”
The company signed an agreement with NEMS GmbH (Novel Engineered Materials & Solutions), a German-based procurement solutions specialist earlier this week.
Justin Suwart from Bisalloy said that the agreement would make it possible for the company to successfully bid for major defence contracts.
“Through successful projects like Australia’s Collins Class submarines and Bushmaster Infantry Mobility Vehicles, Bisalloy Steels has established itself as a reliable supplier of high quality armoured steel,” Suwart said.
“We believe that this agreement with NEMS strengthens this position.”
In line its recent growth, Bisalloy is reportedly making investments its research, development, laboratory and export capabilities.