Monday, April 22, 2013

News: Queen's Award for LSM


Rotherham-based London & Scandinavian Metallurgical Co Limited (LSM) has been awarded the prestigious Queen's Award for Enterprise in International Trade for 2013 as the firm celebrates its 75th anniversary year.

Founded in 1938, LSM is a highly successful manufacturer of high specification metals and alloys and an acknowledged global leader in sustainable metal and powder technology.

In securing the UK's highest accolade for business success, LSM showed outstanding achievement resulting in substantial growth in overseas earnings, sustained over three years or more, with a commitment to product innovation, quality, customer service and employee relations.

Now part of AMG Superalloys, the LSM group operates on a worldwide basis with its Head Office and manufacturing plant at Canklow. LSM exports over 85% of its specialised products for the steel, aerospace, superalloys, hard facing, welding and glass industries. It has a state of the art purpose built laboratory equipped with the latest analytical equipment and accredited to UKAS and Quality Management Standards.

Exports account for 87% of turnover and have grown over 50% in the last three years with growth in mature and new markets including the USA, India, Sweden, Belgium, Turkey and Canada.

LSM conducts extensive research on its markets and new exporting opportunities with market share information in each subsector well developed, including those areas where there is no standard information. A variety of routes to market are used including direct with the customer, through agents and through exclusive distributors.

Itamar Resende, managing Director of LSM, said: "I feel honoured that LSM has been recognised with such a prestigious award, and I would like to thank all employees for their support and commitment over many years. This award will strengthen our reputation and hopefully inspire other South Yorkshire businesses to grow internationally.

"2013 will see LSM celebrate its 75th anniversary and the achievement of this award emphasises the growth and development of our business, we could not have picked a better year to have received this award."

Michael Fallon, Business and Energy Minister, added: "The Queen's Awards for Enterprise are one of the most internationally-recognised and sought after awards that a UK business can achieve. They give companies prestige, an edge overseas and a well deserved boost.

"The Queen's Awards highlight our strong entrepreneurial streak and the excellent businesses we have up and down the country who are growing, creating jobs, making a valuable contribution to the economy and helping us to compete in the global race. I applaud each and every one of the winners."

LSM will welcome a Royal representative to Rotherham during the year to present a crystal bowl and will receive an invitation from HM The Queen to attend a special reception for the winners at Buckingham Palace.

LSM website

Images: LSM


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