EuroWire March 2022

Corporate News

AWI contribution takes charity past the £1mn fundraising mark

The money from Alloy Wire International AWI has already been allocated to four recipients, who will receive life-changing special car seats and exercise trikes to help them in overcoming transportation issues and in building strength and stamina. “As part of our 75 th birthday celebrations we wanted to create a positive legacy for the big milestone, so committed to becoming carbon neutral (already achieved) and agreed to donate to four local charities,” explained Mark Venables, managing director of Alloy Wire International. “We had supported the Chris Westwood Charity for Children with Physical Disabilities in 2018 and were really impressed with the fact that every penny donated goes towards the individuals who need it most.” The grants are quickly reviewed, and the money given direct to suppliers to help parents purchase vital equipment that will help their children live as independent a life as possible. The Chris Westwood Charity, like many others, has experienced difficulty during the pandemic, with many fundraising events being cancelled and day-to-day assessments being delayed due to the risk of Covid-19 transmission. Despite the restrictions, the organisation managed to catch up with all applications and was on course to award £100,000 of grants in 2021 to aid mobility or provide comfort for those with severe life-limiting conditions. ChrisWestwood Charity www.chriswestwoodcharity.co.uk AlloyWire International www.alloywire.com

A UK charity that supports children with physical disabilities is celebrating a major funding milestone, in part thanks to the generosity of a local wire manufacturer. The Chris Westwood Charity, which helps fund the purchase of mobility, sensory and vision equipment for children living within a 50-mile radius of Stourbridge, in the West Midlands, has become the latest beneficiary of Alloy Wire International’s Wired for Good campaign. The £7,500 donation took the organisation’s total fundraising to over £1mn since it was started by ChrisWestwood eighteen years ago, with all the proceeds going towards supporting 850 young people to live more independent lives.

Charity founder Chris Westwood (left) with Mark Venables, MD of Alloy Wire International

Huber Engineered Materials completes acquisition of Magnifin

speciality chemical and mineral compa- nies with market leading positions,” said Dan Krawczyk, president of Huber Engineered Materials. Huber Engineered Materials www.hubermaterials.com

and local area network (LAN) data cables, automotive wire and cable, engineering thermoplastics (eg connectors) and construction membranes. “This transition is a strong strategic fit with HEM’s mission to own and operate

The Huber Engineered Materials (HEM) acquisition of RHI Magnesita’s (RHIM) 50 per cent ownership stake in the 50/50 joint venture Magnifin Magnesiaprodukte GmbH & Co KG took effect on 31 December 2021. Based in Breitenau, Austria, Magnifin has been producing magnesium hydroxide (MDH) products since 1990. Magnifin products are sold globally by Martinswerk GmbH as part of the HEM Fire Retardant Additives (FRA) strategic business unit, which produces a wide range of halogen- free fire retardants, smoke suppressants and aluminium oxides. Magnifin coated and uncoated mag- nesium hydroxides are environment- friendly, halogen-free fire retardants used in a range of polymer applications, particularly in thermoplastic materials and elastomers requiring processing temperatures in excess of 300°C. Typical fire-retardant applications include energy

Magnifin produces halogen-free fire retardants at its plant in Breitenau, Austria

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March 2022