Rylands to Close New Plant
Rylands to Close New Plant
John Wolz
UK construction fastener and nail manufacturer Rylands Wire Products will complete closing by April, just over a year after moving to a new 54,000 sq ft factory in Speke, near Liverpool. Steve Bell, who had pushed initiatives to shorten the supply chain to merchant customers, has left as Rylands managing director.
Russian wire producer Severstal-Metiz acquired Rylands’ parent company, Carrington Wire Group, in 2006.
Founded in the early 1800s by John Rylands, the company manufactures fasteners, nails, staples, wire bailing ties and other products for the construction and agricultural markets.
Rylands is believed to be the UK’s last nail factory, Fastener & Fixing Europe editor Phil Matten noted.
Rylands reportedly lost a major builders merchant contract last year despite the plant investment.
Severstal-Metiz has not responded to requests for an official statement.
Insiders told FF&E that Rylands was unable to compete with imported Chinese nail prices, which fall below the European material cost. They also say Rylands was paying rent for the Acertec Holdings factory, who sold Carrington to Severstal-Metiz.
Nail production ceased in December and production equipment has been decommissioned and readied for a decision on disposal. Web: rylandswire.com �2007 FastenerNews.com and Fastener & Fixing Europe
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