Alloy Steel International Inc. (ASYI), the parent company of Alloy Steel (Int) Australia Pty Ltd was incorporated in Delaware USA in September 2000 and listed on the OTCBB in July 2001.
ASYI acquired 100% of the share capital of Alloy Steel Australia (Int) Pty Ltd, the manufacturer of Arcoplate in June 2001.
Arcoplate was first manufactured in 1991 and was the invention of the Company’s Western Australian Chairman, Mr Kostecki.
Mr. Kostecki at that time was involved in the mining industry in Western Australia and perceived the need for a much improved and different type of wear plate to improve the productivity of the mining companies.
Arcoplate took 5 years of experimentation and development on a prototype machine until the first commercial sale was made in 1991.
This first sale was in the initial 12” 30cm wide plate and was produced on the prototype machine which had been modified to allow commercial production as well as continuing research into ways to make a better product.
First sales were made to 1991 in Australia and 2 years later the export sales were made to America in 1993.
This represented a huge break through for an infant Australian company to break into the international wear plate market.
With continuing demand for the product of the company developed and manufactured in house production machinery to produce 310mm wear plate in multiple thickness of alloy and plate.
The company has developed and manufactured all production plant and ancillaries in house.
Following demand from the mining industry, the company then designed a manufacturing plant able to produce wear plate in thicknesses up to 20/11 and in a 600mm width.
Arcoplate is exported to over 14 countries worldwide and November 2008 opened its own representative office and distribution facility in the United States.
The company’s funding for development, machine building, marketing and machinery costs have come from capital raising on listing on the OTCBB and support of the directors, but with the majority of the funds being internally generated from commercial activities.
As part of future expansion plans, the company is in the process of setting up its own office and distribution facility as well as carrying out due diligence on the possibility of the manufacturing in overseas locations.