Alloy Steel Inc. (fka AYSI)

[littlefish]

I’m hoping to see a little bit extra later this month from settlement but not sure if it just goes thru automatically or not.

This isnt related and maybe is not directly tied to Conrad’s ship building size but at least shows some pushback in Congress potentially to try and help out US shipbuilding industry:

https://www.marinelog.com/legal/legislation/support-grows-for-ustr-to-slap-u-s-port-fees-on-chinese-built-ships/

It has been very tough for US shipbuilders for awhile now.

[Knowledge is King]

Good luck Swick! Keep us posted if you would...

[Swick984]

I am going through the process of pursing the appraisal rights option. Currently exploring whether I want to have the company file a petition with the courts. I think it's in everybody's best interest to keep it out of the courts, but we shall see how things go.

[Knowledge is King]

Just curious Swick, did you pursue the "Rights of Appraisal" option? I strongly considered it, but decided to take the money and run..

[Renee]

AYSI: "Merged With KOSTECKI MURGER SUB, Inc; $2.55 per share"

FINRA deleted symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

[Swick984]

There is also no majority of the minority vote requirement, further making this vote moot, except of course, for those that plan to dissent and pursue appraisal rights.

[mwn]

The most infuriating part of the proxy was the Kostecki claim that the company has not benefited from being a publicly traded company. The obvious reason is that they have done everything possible to hold down the share price. Recently, when they saw the share price rising despite their efforts , they quickly made an offer to limit the cost of going private which is what they planned on doing all along. Also, this whole voting is worthless since they have the majority anyway.

[Swick984]

Not sure if anyone has read the proxy statement, but it's infuriating.

First off, BDO provided a fairness opinion, and in my opinion, a poor analysis. The comps they use are weak and do not include the one best comparable available, Bisalloy, which trades at a 5.0x trailing EBITDA multiple. Or how about SSAB, which trades at 6.0x trailing EBITDA.

Second, they use this concept of "normalized EBITDA" to apply multiples to. Then, they are applying a 3.5x to 4.5x multiple??? How in the world can you support that multiple? Even the comparable companies they use all trade above those levels... And are they "normalizing" the comparable company EBITDA's to determine comparable multiples? Doubtful

What is the normalized level of EBITDA, you ask? $6.4 million.

What is the average level of EBITDA the company has generated over the last 10 years? $8 million (This adds back the royalty expense they had prior to January 1, 2020).

How do you get a "normalized" EBITDA that is 20% LOWER than the average EBITDA over the last 10 years??? A 10-year period that incorporated industry cycles.

Plus, the 5.0x multiple of Bisalloy and 6.0x multiple of SSAB are incorporating what the market expects going forward, taking into account that we're at a high point in the cycle. Why in the world would you use anything less than a 5.0x multiple to value this business applied to actual trailing EBITDA???

A 5.0x multiple of trailing EBITDA is a $4.25 share price, a 66% premium to the current price!!!

So you may ask, how can you get to $2.55 per share being fair? I have no idea...

But one possible way is to put forth an incredibly bearish and unrealistically low projection of financial performance.

An in one last dig to shareholders, that is exactly what they did. So what does this forecast look like? How about a 29% drop in revenue for their 2022 projection to $23 million! What do analysts expect for others in the industry? SSAB has a ~13% drop from current levels over the next 2 years. Oh, and 10-year average revenue is $26 million.

Then they apply a 27.5% EBITDA margin to cap it all off. What is the 10-year average EBITDA margin? 30% adjusting for the removal of the royalty expense.

Oh and that's not all... How about we forecast capital expenditure of $2.5 million for Q4 2021 and $6.5 million for 2022. Yep, that should do it. $9.0 million of capex over the next 15 months where they have spent a cumulative $9.0 million over the last 8 YEARS!!!

BDO of course relied on management's projections in their analysis, but honestly, how the **** could anyone reasonably get comfortable with that. I'm sure this analysis had to go through a review committee at BDO. How in the world could they be ok with this analysis? How in the world could they get comfortable with what management provided them? Did they review the historical performance? Did they do these comparisons versus the long-term averages?

In my opinion and experience, this would never pass muster at a top investment bank that provides fairness opinions.

[AskMuncher]

$AYSI Alloy Steel International Advises The Release Of 2021 Financial Year Third Quarter Report
Press Release | 08/17/2021
Alloy Steel International Advises The Release Of 2021 Financial Year Third Quarter Report
PR Newswire

PERTH, Australia, Aug. 17, 2021

PERTH, Australia, Aug. 17, 2021 /PRNewswire/ -- Alloy Steel International, Inc. (OTC: AYSI) advises that its 2021 Financial year Third Quarter Report for the nine months ended June 30, 2021 is now available on www.otcmarkets.com website by searching for AYSI then choosing "Filings and Disclosure."

About Alloy Steel

Alloy Steel manufactures and distributes Arcoplate, a technically superior and market leading 'alloy overlay' wear plate, servicing the global marketplace from its modern manufacturing facilities in Perth, Australia. Arcoplate is used throughout the mining and materials processing industries, from opportunistic one-off specialty applications in small companies to large relationship based repeat business applications with leading international companies.

Arcoplate provides users with superior wear protection due to its premium alloy mix, its high ratio of carbide rich alloy and its unique manner of manufacture. The product's technical superiority combined with its unbeatable 'whole-of-life' cost has resulted in Arcoplate's wide acceptance in the mining and mineral processing industries to reduce wear in a host of fixed plant and mobile equipment applications.

In mining and materials processing industries, where premature equipment wear is the primary cause of downtime, to undertake repairs or refurbishment, Arcoplate can provide users with significant profit improvement. Arcoplate can substantially lower equipment downtime, resulting in higher production, whilst also lowering the overall cost of wear protection.

Furthermore, in applications where material 'hang-up' or 'carry-back' are also a significant cause of lost production, such as sticky materials that do not discharge freely from truck trays, buckets and chutes, Arcoplate's unique characteristic of polishing to a very low friction factor has the potential to virtually eliminate these problems, whilst simultaneously providing enhanced equipment wear life.

FOR FURTHER INFORMATION
Thushara Sam Dahanayake
Company Secretary
[phone]



Cision View original content:https://www.prnewswire.com/news-releases/alloy-steel-international-advises-the-release-of-2021-financial-year-third-quarter-report-301356796.html

[Kaz17485]

We need legal council. I would like to refuse to sell. I agree this is management taking advantage of the individual investor. Total BS.

[bluestem1]

Very Disappointing

This family orchestrated buyout is very disappointing. Have the Kostecki's no shame? $2.55 is less than half of what shares are worth. The Board of Directors has not performed its fiduciary duty of looking out for the best interest of shareholders. Which is not surprising considering outside of Steven Kostecki they own ZERO shares.

Many of us on this board have been shareholders for years having to go through the USD $5.79 mil Matrix Metals acquisition, Kostecki Racing, and the USD $10.9 mil Licensing agreement. Just when I thought there was nothing left for the Kostecki family to steal, I was dead wrong.

The press releases from legal firms are looking tempting.

[swampboots]

AYSI: Is there anyone following this stock for years surprised they would not try to buy stock at cheapest price possible if it went private?

[mikeyshar]

What a RAPE job. This company is worth close to $10.00 to a company like BHP. This is greedy management sucking the air out of the remaining 35% of shareholders that have endured years of ripping off the small shareholder.

[Swick984]

Anytime you see this type of announcement, it makes you wonder if there is something happening in the background. But really, I don’t have any particularly insightful thoughts at the moment.

[hweb2]

A rare PR from AYSI. Any thoughts?

https://finance.yahoo.com/news/alloy-steel-international-reports-director-204500547.html

[Swick984]

Alloy with the unusual afternoon earnings announcement ahead of deadline. Quarter was solid, with revenue up 42% y/y at $7.6 million, EBITDA of $2.2 million, and EPS of $0.063 on a reported basis and $0.082 excluding non-cash amortization.

I think we'll see a bigger Q3 as the iron ore price ramp has really gathered steam. Both BHP and Fortescue are working on new production, as are others, and I think we could see another $9 million+ revenue quarter. That would be a nice increase y/y from the $4.9 million reported last Q3 (impacted by COVID).

Trailing twelve month EBITDA now at $10.3 million, adjusted EPS at $0.44. Both will improve next quarter as we lap the COVID impacted periods.

With an Enterprise value of $25.7 million at current prices, AYSI trades at 2.5x trailing EBITDA and 4.3x EPS excluding net cash.

Needless to say, these are too low relative to the potential here. Companies in this space trade at 6x to 8x EBITDA, implying upside to over $5 per share in terms of fair value. We'll see if we can get there...

[bluestem1]

Iron Ore Prices continue to boom. Opened limit up today.

https://www.bloomberg.com/news/articles/2021-05-10/iron-ore-turns-very-very-hot-as-prices-jump-10-in-minutes

It will be interesting to see going forward if mining companies expand production and how much that will benefit AYSI.

[Swick984]

Most job openings I've seen at AYSI - looking to hire immediately. I'm sure given the current iron ore price boom and associated production capacity expansion, the company is experiencing high demand. I'm looking forward to seeing the results as they come out over the year.

https://alloysteel.net/careers/

[AskMuncher]

$AYSI Alloy Steel International Advises The Release Of 2021 Financial Year First Quarter Report
Press Release | 02/17/2021
Alloy Steel International Advises The Release Of 2021 Financial Year First Quarter Report
PR Newswire

PERTH, Australia, Feb. 17, 2021

PERTH, Australia, Feb. 17, 2021 /PRNewswire/ -- Alloy Steel International, Inc. (OTC: AYSI) advises that its 2021 Financial year First Quarter Report for the three months ended December 31, 2020 is now available on www.otcmarkets.com website by searching for AYSI then choosing "Filings and Disclosure."

About Alloy Steel

Alloy Steel manufactures and distributes Arcoplate, a technically superior and market leading 'alloy overlay' wear plate, servicing the global marketplace from its modern manufacturing facilities in Perth, Australia. Arcoplate is used throughout the mining and materials processing industries, from opportunistic one-off specialty applications in small companies to large relationship based repeat business applications with leading international companies.

Arcoplate provides users with superior wear protection due to its premium alloy mix, its high ratio of carbide rich alloy and its unique manner of manufacture. The product's technical superiority combined with its unbeatable 'whole-of-life' cost has resulted in Arcoplate's wide acceptance in the mining and mineral processing industries to reduce wear in a host of fixed plant and mobile equipment applications.

In mining and materials processing industries, where premature equipment wear is the primary cause of downtime, to undertake repairs or refurbishment, Arcoplate can provide users with significant profit improvement. Arcoplate can substantially lower equipment downtime, resulting in higher production, whilst also lowering the overall cost of wear protection.

Furthermore, in applications where material 'hang-up' or 'carry-back' are also a significant cause of lost production, such as sticky materials that do not discharge freely from truck trays, buckets and chutes, Arcoplate's unique characteristic of polishing to a very low friction factor has the potential to virtually eliminate these problems, whilst simultaneously providing enhanced equipment wear life.

FOR FURTHER INFORMATION
Thushara Sam Dahanayake
Company Secretary
[phone]

Cision View original content:http://www.prnewswire.com/news-releases/alloy-steel-international-advises-the-release-of-2021-financial-year-first-quarter-report-301229762.html

SOURCE Alloy Steel International, Inc.

[FL34120]

You are correct hweb2...they don't want anyone to see it.
Anyone invested in this should do their DD.

[hweb2]

Agree their IR efforts have always been poor. Maybe we could volunteer to write the PRs for free. They should be shouting these numbers from the rooftops...not just including a link to a website. Almost like they don't want anyone to see them. AYSI just posted a huge quarter with earnings of .12/share. THAT is the hard part, writing the PR should be the easy part. Could at the very least just include the quarterly numbers in the earnings PR. Stock would be seeing an even bigger pop today if they'd done that imo

[tbone58x]

I agree with the good quarter and being very under valued. Is not part of the problem that management refuses to put out its own PR? I mean not sure I have seen anyone do a worse job in that you are told to go to otcmarkets then click on disclosure. Really make you work for something they should be very proud of. Seems like this should be trading closer to $5 than $2.

[Swick984]

Noticed that the introduction section for the board was removed, I'm looking into why it was removed. Hopefully, we'll have it back as it would be a pain to have to recreate...

[Swick984]

Great Q1 report from AYSI, with strong top line and bottom-line growth. Backing out the non-cash amortization expense, EPS was actually $0.144 per share! I think Q2 will show another favorable y/y comp as activity in the sector remains at record levels. Prior year quarters for Q2 and Q3 were impacted by COVID, so the reported results for this year will have some very favorable comps.

The company remains severely undervalued, even as we move up into the $2's. In a sale, I think its certainly possible the company could achieve a 7x-8x EBITDA multiple, which would put proceeds in the $5 - $6 per share range.

There is more and more talk of a another looming commodity super-cycle. AYSI would certainly benefit in that environment.

[Swick984]

Iron ore industry is on fire. Record production, high iron ore prices, strong profits being reinvested in mines. All point to higher wear plate usage. Looking forward to Q1 results in mid February.

https://www.australianmining.com.au/news/bhp-breaks-waio-performance-record/

[Swick984]

On their LinkedIn page. Retweet of a post from a partner, sounds promising.

BHP has adopted Segnut for use on the refurbishment of the Car Dumper #4 at its Port Operations in the Pilbara. Alloy Steel International Pty Ltd is undertaking major works on the project and is using Segnut to secure the wear liners on the equipment, greatly improving the maintainability and safety of the facility.

[Swick984]

Commodity super-cycle incoming?!?! Goldman Sachs believes so...

https://www.reuters.com/article/metals-supercycle-ahome/column-goldman-proclaims-the-dawn-of-a-new-commodity-supercycle-andy-home-idUSL8N2JF3R2

New administration will push for more fiscal stimulus and the expectation is that stimulus will increase the need for capex, and in turn, steel and iron ore...

BHP, Vale, Fortescue are all hitting multi-year / record highs on expectations of greater demand. The Australian dollar is hitting multi-hear highs. All of this is positive for AYSI and industry-wide wear plate demand.

Dare I say, is 2021 the year that AYSI breaks above $1 per share and stays there???

[AskMuncher]

$AYSI Alloy Steel International Advises the Release of 2020 Annual Financial Statements
Press Release | 12/18/2020
Alloy Steel International Advises the Release of 2020 Annual Financial Statements
PR Newswire

PERTH, Australia, Dec. 18, 2020

PERTH, Australia, Dec. 18, 2020 /PRNewswire/ -- Alloy Steel International, Inc. (OTC: AYSI) advises that its Annual Financial Statements for the year ended September 30, 2020 is now available on www.otcmarkets.com website by searching for AYSI then choosing "Filings and Disclosure."

About Alloy Steel

Alloy Steel manufactures and distributes Arcoplate, a technically superior and market leading 'alloy overlay' wear plate, servicing the global marketplace from its modern manufacturing facilities in Perth, Australia. Arcoplate is used throughout the mining and materials processing industries, from opportunistic one-off specialty applications in small companies to large relationship based repeat business applications with leading international companies.

Arcoplate provides users with superior wear protection due to its premium alloy mix, its high ratio of carbide rich alloy and its unique manner of manufacture. The product's technical superiority combined with its unbeatable 'whole-of-life' cost has resulted in Arcoplate's wide acceptance in the mining and mineral processing industries to reduce wear in a host of fixed plant and mobile equipment applications.

In mining and materials processing industries, where premature equipment wear is the primary cause of downtime, to undertake repairs or refurbishment, Arcoplate can provide users with significant profit improvement. Arcoplate can substantially lower equipment downtime, resulting in higher production, whilst also lowering the overall cost of wear protection.

Furthermore, in applications where material 'hang-up' or 'carry-back' are also a significant cause of lost production, such as sticky materials that do not discharge freely from truck trays, buckets and chutes, Arcoplate's unique characteristic of polishing to a very low friction factor has the potential to virtually eliminate these problems, whilst simultaneously providing enhanced equipment wear life.

Thushara Sam Dahanayake
Company Secretary
[phone]

Cision View original content:http://www.prnewswire.com/news-releases/alloy-steel-international-advises-the-release-of-2020-annual-financial-statements-301195897.html

[AskMuncher]

$AYSI Alloy Steel International Advises the Release of 2020 Annual Financial Statements
Press Release | 12/18/2020
Alloy Steel International Advises the Release of 2020 Annual Financial Statements
PR Newswire

PERTH, Australia, Dec. 18, 2020

PERTH, Australia, Dec. 18, 2020 /PRNewswire/ -- Alloy Steel International, Inc. (OTC: AYSI) advises that its Annual Financial Statements for the year ended September 30, 2020 is now available on www.otcmarkets.com website by searching for AYSI then choosing "Filings and Disclosure."

About Alloy Steel

Alloy Steel manufactures and distributes Arcoplate, a technically superior and market leading 'alloy overlay' wear plate, servicing the global marketplace from its modern manufacturing facilities in Perth, Australia. Arcoplate is used throughout the mining and materials processing industries, from opportunistic one-off specialty applications in small companies to large relationship based repeat business applications with leading international companies.

Arcoplate provides users with superior wear protection due to its premium alloy mix, its high ratio of carbide rich alloy and its unique manner of manufacture. The product's technical superiority combined with its unbeatable 'whole-of-life' cost has resulted in Arcoplate's wide acceptance in the mining and mineral processing industries to reduce wear in a host of fixed plant and mobile equipment applications.

In mining and materials processing industries, where premature equipment wear is the primary cause of downtime, to undertake repairs or refurbishment, Arcoplate can provide users with significant profit improvement. Arcoplate can substantially lower equipment downtime, resulting in higher production, whilst also lowering the overall cost of wear protection.

Furthermore, in applications where material 'hang-up' or 'carry-back' are also a significant cause of lost production, such as sticky materials that do not discharge freely from truck trays, buckets and chutes, Arcoplate's unique characteristic of polishing to a very low friction factor has the potential to virtually eliminate these problems, whilst simultaneously providing enhanced equipment wear life.

Thushara Sam Dahanayake
Company Secretary
[phone]

Cision View original content:http://www.prnewswire.com/news-releases/alloy-steel-international-advises-the-release-of-2020-annual-financial-statements-301195897.html

SOURCE Alloy Steel International, Inc.

[Swick984]

Monster quarter for AYSI. I get $0.14 per share with my calculations. I was expecting a bit more in terms of revenue for the quarter, but given the finished goods inventory levels, I think some of that will be carried into Q1. On a reported basis, the next two quarters should show some significant year / year growth, both in terms of revenue and profits. As you mention, the iron ore industry is hot and the company has expanded its offerings, including some higher tech wear management offerings.

I tend to focus on EBITDA, and 2020 was a record year in terms of EBITDA. $8.5 million of EBITDA to be exact. I see no reason why 2021 won't eclipse that mark. Company generates a significant amount of cash flow, would love to see some of that returned to shareholders.

I did find it interesting that the company ended its sponsorship of Kostecki Brothers racing in July...

[bluestem1]

In regards to the annual meeting, is anyone planning on writing a letter to the Board of Directors?


Communications with the Board
If you wish to communicate with any of the directors of the Board or the Board as a group, you may
do so by writing to them at [Name(s) of Director(s)/Board of Directors of Alloy Steel International, Inc.],
P.O. Box 3087, Malaga, Western Australia 6944

[mwn]

Making your first shareholders meeting in many years to re-elect board members who have been there for many years when you control the vote anyways is very very strange. Welcome to aysi.

[Swick984]

Thanks, I finally received the notices from my brokerages electronically today. You are correct that there is little on the agenda. Personally, I'd like to see the board expand beyond just Alan Scott as the sole independent director. In my dealings, I've found that a diverse board can provide significant benefits to a company, well worth any director's fees that would need to be paid.

[Knowledge is King]

FYI, the AYSI Annual Meeting proxy was posted on otcmarkets.com today, FWIW

[Knowledge is King]

Hi Swick. The meeting is in person. The agenda is miniscule: 1) elect two directors (Steve Kostecki and Alan Scott), 2) transact any other business. As of 6/30/20, Maria Kostecki owns 10.4M shares or 65%.


The only thing noteworthy about the proxy in my opinion is that they included hard copies of all the company's financials for FY17, FY18, FY19, and the 3 quarters of FY20. Call it wishful thinking for now, but I think it's possible that putting those financials out there might be a precursor to getting back on nasdaq, or at least up-listing to a higher OTC level...

[Swick984]

KIK, is the meeting expected to be in person or virtual? I would think with COVID and the significant restrictions around travel, the only real way to have a shareholder meeting would be virtually. I still have not received the notice, but was curious. If it's not virtual, it may make sense to push their legal counsel, Peter Sugar, to make it virtual so that shareholders will actually be able to participate in the annual meeting.

Has anyone ever tried to attend one of their shareholder meetings?

[Swick984]

I haven't received it yet, anything of interest listed in the agenda for the meeting?

[Knowledge is King]

AYSI is having an annual meeting on 11/13/20; I just got the proxy in the mail today. I don't remember them having an annual meeting in many years...thoughts?

[swampboots]

" Due to high demand" is marketing puffery, they can't say due to low demand we need you. My take irrelevant but worthy of analysis as obscure enough to allow any interpretation..

[Swick984]

CNC job posting on their website...

Due to high demand, we are rapidly expanding and are looking for an experienced CNC Machinist to join our workshop. The role is a full-time position to start immediately.

About the role:

CNC lathe and millwork
General workshop hand
Forklift licence is essential
Located in Malaga
The Reward

Belong to a team of highly motivated and skilled professional people that have the vision to be the global leader and provider of manufactured wear products and solutions to customers seeking high quality and reliable products.

[swampboots]

Then you seem to be correct, but official headquarters in Australia?

[Swick984]

Not sure if that's the case here. As a shareholder of AYSI, you own shares in a Delaware corporation.

[swampboots]

AYSI if ever a buyout non residents of Australia pay 12% tax.

[mwn]

It seems that they moved their USA office away from North Carolina to somewhere in Texas.(If you search the new address on google you will find a tree.)

[mikey1]

Is there a conflict of interest? Are the patents his alone?
Alloy has business in the U.S.. Hard to understand this. Must be bad blood. What happens when momma passes?

[bluestem1]

Andrew Kostecki left Alloy Steel in March 2019 (per his linkedin). He was in charge of US operations, but US operations never gained much traction (12% of sales in 2019). It looks like he is running his own company now. He does have a 3 patents, one from Dec 2019.

[mikey1]

Is Wearplate U.S.A. a subsidiary or a competitor of Alloy? Andrew Kostecki is the son of the founder of Alloy and is the President of Wearplate,

[Swick984]

My take on Q3 results... While it was encouraging to see a positive net income quarter given all the macro challenges related to COVID, my internal estimates were for better results. Excluding the non-cash amortization expense, EPS came in at about $0.053, which is a solid result. Iron ore prices are at relative highs and production activity in western australia iron ore in the company's Q4 appears to be near record levels.

The company's inventory balance increased through June 30 to $8.3 million, with $4.3 million in finished goods and $3.7 million in raw materials. For reference, in Q3 2019, the company finished the quarter with $7.1 million in inventory and proceeded to post sales of $9.9 million in Q4 of 2019 (14.4 million in australian dollars).

The elevated inventory figures at the end of Q3 to me indicate the potential for another strong Q4 sales result for the company. With the strengthening of the australian dollar, that same 14.4 million AUD sales would translate to $10.3 million USD in revenue. I realize its not a perfect correlation between inventory levels and future quarter sales, but in past, it has been a relatively good indicator of future activity/results. At that sales level, my model indicates a potential $0.12-0.15 in EPS for the quarter, excluding the impact of the non-cash amortization expense.

As a result, I have been placing bids at these levels to acquire more shares below $1.20 as I feel the potential for another strong Q4 is high. The increase in marketing activity at the company with its new website, increased social media activity and investment in smart liners is also a positive development, in my view.

The key question remains though, with the consolidation of family assets complete, what will the cash flow generated by the business be used for now?

[AskMuncher]

$AYSI Alloy Steel International Advises The Release Of 2020 Financial Year Third Quarter Report
Press Release | 08/14/2020
Alloy Steel International Advises The Release Of 2020 Financial Year Third Quarter Report
PR Newswire

PERTH, Australia, Aug. 14, 2020

PERTH, Australia, Aug. 14, 2020 /PRNewswire/ -- Alloy Steel International, Inc. (OTC: AYSI) advises that its 2020 Financial year Third Quarter Report for the nine months ended June 30, 2020 is now available on www.otcmarkets.com website by searching for AYSI then choosing "Filings and Disclosure."

About Alloy Steel

Alloy Steel manufactures and distributes Arcoplate, a technically superior and market leading 'alloy overlay' wear plate, servicing the global marketplace from its modern manufacturing facilities in Perth, Australia. Arcoplate is used throughout the mining and materials processing industries, from opportunistic one-off specialty applications in small companies to large relationship based repeat business applications with leading international companies.

Arcoplate provides users with superior wear protection due to its premium alloy mix, its high ratio of carbide rich alloy and its unique manner of manufacture. The product's technical superiority combined with its unbeatable 'whole-of-life' cost has resulted in Arcoplate's wide acceptance in the mining and mineral processing industries to reduce wear in a host of fixed plant and mobile equipment applications.

In mining and materials processing industries, where premature equipment wear is the primary cause of downtime, to undertake repairs or refurbishment, Arcoplate can provide users with significant profit improvement. Arcoplate can substantially lower equipment downtime, resulting in higher production, whilst also lowering the overall cost of wear protection.

Furthermore, in applications where material 'hang-up' or 'carry-back' are also a significant cause of lost production, such as sticky materials that do not discharge freely from truck trays, buckets and chutes, Arcoplate's unique characteristic of polishing to a very low friction factor has the potential to virtually eliminate these problems, whilst simultaneously providing enhanced equipment wear life.

[Knowledge is King]

Very interesting article about new AYSI product


https://australianminingreview.com.au/techtalk/sixth-sense/



and I haven't been to the website in awhile...looking sharp IMO


https://alloysteel.net/news/