Goodwin plc

Goodwin plc is a British heavy-engineering group based in Stoke-on-Trent, Staffordshire. Its origins lie in R. Goodwin & Sons, an iron foundry and engineering partnership established by Ralph Goodwin and his sons in 1883. The company developed a specialist position in mechanical engineering, refractory engineering and the production of complex metal castings, eventually serving demanding applications in energy, oil and gas, defence, aerospace, mining, infrastructure and other industrial markets. The group is best known for the design, manufacture and fabrication of large and technically demanding castings. Its capabilities have included ductile iron, super duplex stainless steel, super-nickel alloys and other materials intended to withstand high pressure, corrosion, heat and mechanical stress. Goodwin has also supplied large valves and engineered components for major infrastructure and power-generation projects, including bridge construction, railway and architectural developments, and nuclear facilities. Its products have been used in projects such as the Hardanger Bridge, the Oakland Bay Bridge eastern span replacement, the Tsing Ma Bridge, Sizewell B nuclear power station and the Sellafield reprocessing plant. The business was incorporated as R. Goodwin & Sons (Engineers) Ltd. in 1935 and first obtained a London Stock Exchange listing in 1958. Although publicly traded, the Goodwin family has historically retained a significant interest in the company. Over the decades, the group expanded its technical base through licences and collaborations. In 1952 it obtained a licence from the International Nickel Company to produce ductile iron. In 1986 it secured a licence from Langley Alloys for production of Super Duplex Stainless Steel, including Ferralium Alloy 255, and in 1990 it received an exclusive United Kingdom licence from Haynes International to manufacture cast Hastelloy super-nickel alloys. Quality and environmental credentials became important parts of Goodwin's industrial positioning. In 1984, its steel foundry became the first in the world to receive British Standards Institution accreditation to BS5750 for casting production, a standard subsequently associated with the ISO9001 quality-management framework. The company later achieved ISO14001 environmental-management accreditation in 1999 and received a British government best-practice certificate for computer-aided methoding in 1992. It was also recognised with the Queen's Award for International Trade in 2006. Oil and gas was a particularly important source of revenue and profit during the late twentieth and early twenty-first centuries. The sector accounted for a substantial share of activity in some years, especially through demand for large, high-specification valves and related mechanical-engineering products. The collapse in oil prices during 2014 sharply reduced this workload and created a prolonged difficult period for the mechanical-engineering division. Goodwin responded by broadening its end-market exposure, maintaining activity in defence, aerospace and mining while developing businesses in specialist polymers, radar antennas, fire suppression and other technical niches. During the 2010s and early 2020s, the company invested in its Stoke-on-Trent facilities and expanded its range of engineered products. It enlarged its original foundry site, developed additional office and parking capacity at its Hanley headquarters, strengthened a radar subsidiary producing bespoke high-performance antennas and invested in Duvelco, a specialist polymer manufacturer. The group has also been associated with specialist products and applications involving jewellery, fire suppression and chemical or biological research materials. Goodwin's performance strengthened in the mid-2020s, particularly within mechanical engineering. This improvement contributed to the company becoming a constituent of the FTSE 250 Index in 2024, according to the referenced account. The group remains a diversified engineering business whose proposition combines foundry capability, materials expertise, precision manufacture and project-specific industrial solutions. Its continuing challenges include the cyclicality of energy markets, the capital intensity of foundry operations, specialist regulatory requirements and the need to balance its historic mechanical-engineering base with newer technology and materials businesses. Goodwin Steel Castings is the casting-focused industrial business associated with Goodwin plc, a long-established heavy-engineering group based in Stoke-on-Trent, Staffordshire. The enterprise began in 1883 as R. Goodwin & Sons, an iron foundry and engineering partnership established by Ralph Goodwin and his sons. It developed from a local foundry into a specialist manufacturer of large, technically demanding castings and related engineered products, with particular expertise in mechanical and refractory engineering. The business was incorporated as R. Goodwin & Sons (Engineers) Ltd. on 11 October 1935 and first joined the London Stock Exchange in 1958. Although publicly traded, it has continued to be associated with substantial Goodwin family ownership. Its historic capabilities include the production of ductile iron, stainless steels, super-duplex alloys and cast super-nickel alloys. Licensing and technical arrangements with International Nickel Company, Langley Alloys and Haynes International helped the company broaden its metallurgical range and manufacture materials used in demanding corrosive, high-temperature and high-pressure environments. Goodwin’s casting operations have supplied components for major bridges, transport and architectural projects, power-generation facilities, nuclear installations and industrial plants. Examples associated with the company’s applications include the Hardanger Bridge, the Oakland Bay Bridge eastern-span replacement, Tsing Ma Bridge, Jiangyin Yangtze River Bridge, Stratford station, Paddington station, Faslane Naval Base, the Pelamis wave-energy converter, Sizewell B nuclear power station and the Sellafield reprocessing plant. These applications reflect the business’s emphasis on large-format, high-integrity castings rather than mass-market metal products. Quality and process accreditation have been important parts of the company’s positioning. In 1984, Goodwin became the first steel foundry reported to have received British Standards Institution accreditation to BS5750 for casting production, a standard later superseded by ISO 9001. It also obtained ISO 14001 environmental-management accreditation in 1999 and received a British government best-practice certificate for computer-aided methoding in 1992. The company’s technical development included the manufacture of a record-scale super-nickel-alloy casting in 2012. For much of the late twentieth and early twenty-first centuries, oil and gas was a major customer sector, with large specialist valves and other mechanical-engineering products contributing substantially to revenue and profit in some years. The oil-price collapse beginning in 2014 caused a sharp contraction in that workload and created several difficult years for the mechanical-engineering division. Goodwin responded by diversifying its end markets and product portfolio, maintaining exposure to defence, aerospace and mining while developing activities in radar antennas, specialist polymers, jewellery-related products and fire suppression. During the early 2020s, the group invested in diversification, including the expansion of a radar subsidiary producing bespoke high-performance radar antennas and investment in Duvelco, a specialist polymer manufacturer. It also expanded its Stoke-on-Trent facilities, including foundry-site improvements and additional office and parking capacity. A strong performance by the mechanical-engineering division was reported in late 2024, contributing to Goodwin plc’s entry into the FTSE 250 Index. In August 2026, the company was reported to be considering the sale of a substantial part of that division. The casting business therefore sits within a broader, family-influenced listed engineering group whose strategy combines specialist metallurgy with selected technology and industrial businesses. Quality and environmental credentials became important parts of Goodwin's industrial positioning. In 1984, its steel foundry became the first steel foundry in the world to receive British Standards Institution accreditation to BS5750 for casting production, a standard later linked to the ISO 9001 quality-management system. The company later achieved ISO 14001 environmental-management accreditation in 1999 and received a best-practice certificate for computer-aided methoding from the British government's Energy Efficiency Office in 1992. It also received the Queen's Award for International Trade in 2006. In 2008 it began supplying caryophyllene for an American research programme, illustrating the breadth of activities associated with the wider group. During the 2010s and early 2020s, the company invested in its Stoke-on-Trent facilities and expanded its engineering product range. It expanded its original foundry site by approximately 22 percent from 2016, including construction of an engineered retaining wall; added two office levels and a 60-space multi-storey car park at its Hanley headquarters from early 2020; strengthened its radar subsidiary producing bespoke high-performance antennas; and invested in specialist polymer manufacturer Duvelco. The group has also been associated with jewellery, fire-suppression and chemical or biological research materials. Goodwin's performance strengthened in the mid-2020s, particularly in mechanical engineering. This improvement helped the company enter the FTSE 250 Index in 2024. In August 2026, the company confirmed that it was considering selling a large part of its mechanical-engineering division; no completed transaction or buyer was identified in the available reference material. The group therefore entered the mid-2020s as a broader engineering house, with an industrial heritage anchored in castings but with additional exposure to specialist materials, sensing and industrial-technology markets.

Goodwin plc traces its history to R. Goodwin & Sons, an iron foundry and engineering business founded in 1883 by Ralph Goodwin and his sons. The original partnership combined foundry work with engineering and gradually developed expertise in mechanical and refractory applications, including materials and components required to retain strength under severe heat and operating conditions. The business was incorporated as R. Goodwin & Sons (Engineers) Ltd. on 11 October 1935. A major early technical development came in 1952, when Goodwin obtained a licence from the International Nickel Company to manufacture ductile iron. The company joined the London Stock Exchange in 1958 and became one of the older continuously listed companies on the exchange. Despite its public status, the Goodwin family has retained a substantial interest over much of the company's history. Goodwin marked its centenary in 1983 with the grant of a coat of arms. In 1984 its steel foundry became the first steel foundry in the world to receive British Standards Institution accreditation to BS5750 for casting production. The group continued to expand its alloy capabilities through external licences: in 1986 it obtained rights from Langley Alloys relating to Super Duplex Stainless Steel and Ferralium Alloy 255, while in 1990 it received an exclusive United Kingdom licence from Haynes International to produce cast Hastelloy and other super-nickel alloys. In 1992 the company received a best-practice certificate for computer-aided methoding from the British government's Energy Efficiency Office, and in 1999 it achieved ISO14001 environmental-management accreditation. The company's engineering and casting activities gained substantial exposure to the oil and gas sector during the late twentieth and early twenty-first centuries. Large valves and other high-specification components supplied to that industry became important contributors to revenue and profit. The oil-price collapse of 2014 caused a sharp decline in oil-and-gas-related workload and led to several difficult years for the mechanical-engineering division. Other relevant markets included defence, aerospace and mining, but the downturn highlighted the risk of relying heavily on one cyclical industrial sector. Goodwin subsequently pursued diversification. It expanded or developed activities involving specialist polymers through Duvelco, bespoke high-performance radar antennas, fire suppression and other specialised products. The group also undertook capital projects at its Stoke-on-Trent operations. In 2016 it began expanding its original foundry site by approximately 22 percent, including construction of an engineered retaining wall. In early 2020 it began a further expansion of its Stoke-on-Trent headquarters, including additional office floors at the Hanley site and a multi-storey car park. The company has supplied castings for major civil-engineering, transport, architectural and energy projects. Referenced examples include the Hardanger Bridge, the eastern-span replacement of the Oakland Bay Bridge, the Tsing Ma Bridge, the Jiangyin Yangtze River Bridge, Faslane Naval Base, Stratford station, the Ludwig Erhard Haus in Berlin, Paddington station, the Pelamis wave-energy converter, Sizewell B nuclear power station and the Sellafield reprocessing plant. These applications illustrate the group's emphasis on large, engineered and specification-sensitive components rather than commodity foundry output. During the early 2020s, diversification continued through investment in radar and polymer production alongside established casting and mechanical-engineering operations. A particularly strong year for the mechanical-engineering division was reported in late 2024, helping Goodwin enter the FTSE 250 Index. The group therefore entered the mid-2020s as a broader engineering house, with an industrial heritage anchored in castings but with additional exposure to specialist materials, sensing and industrial-technology markets. Goodwin’s origins lie in R. Goodwin & Sons, an iron foundry and engineering business established in 1883 by Ralph Goodwin and his sons. The company initially operated as a partnership before being incorporated as R. Goodwin & Sons (Engineers) Ltd. on 11 October 1935. Its core competence gradually developed around mechanical engineering, foundry work and refractory applications, particularly the design and production of metal components and mineral-based products able to retain their strength and form at high temperatures. A major stage in the company’s technical development came in 1952, when it obtained a licence from the International Nickel Company to produce ductile iron. Goodwin subsequently expanded into more specialized alloy systems. It was first listed on the London Stock Exchange in 1958 and became one of the exchange’s longest-listed companies. Despite its public-market status, the Goodwin family remained an important shareholder group. The company marked its centenary in 1983, when it was granted a coat of arms. In 1984 it became the first steel foundry reported to have received British Standards Institution accreditation to BS5750 for casting production; BS5750 was later replaced by the ISO 9001 quality-management framework. In 1986, Goodwin obtained a licence from Langley Alloys to manufacture Super Duplex Stainless Steel, including Ferralium Alloy 255 3SC, also identified as UNS S32550. In 1990, it received an exclusive United Kingdom licence from Haynes International to produce cast Hastelloy and related super-nickel alloys. These arrangements supported Goodwin’s reputation in corrosion-resistant and high-temperature materials. The company continued to develop manufacturing and process capabilities during the 1990s. In 1992 it received a best-practice certificate from the British government’s Energy Efficiency Office for computer-aided methoding, a technique used to improve casting design and production planning. In 1999 it achieved ISO 14001 environmental-management accreditation. International industrial work expanded, and the company received the Queen’s Award for International Trade in 2006. In 2008 it began supplying caryophyllene for an American research programme, illustrating the breadth of activities associated with the wider group. Goodwin’s castings have been used in major bridge and building projects, including the Hardanger Bridge, the Oakland Bay Bridge eastern-span replacement, Tsing Ma Bridge, the Jiangyin Yangtze River Bridge, Stratford station, Paddington station and the Ludwig Erhard Haus in Berlin. Its energy and industrial applications have included the Pelamis wave-energy converter, Sizewell B nuclear power station and the Sellafield reprocessing plant. In 2012 the company manufactured what was described as the world’s largest super-nickel-alloy casting. The same year, it faced criticism over compliance with Financial Services Authority expectations regarding non-executive directors. Oil and gas became one of the company’s most important markets during the late twentieth and early twenty-first centuries. In some years the sector accounted for as much as half of revenue or profit, particularly through demand for high-specification large valves and other mechanical-engineering products. The collapse in oil prices during 2014 sharply reduced this workload and contributed to a prolonged period of pressure on the mechanical-engineering division. Defence, aerospace and mining provided other important markets, but the downturn encouraged the group to diversify further. Goodwin expanded its original foundry site by approximately 22 percent from 2016. In early 2020 it began expanding its Stoke-on-Trent headquarters, adding two office levels at the Hanley site and constructing a 60-space multistorey car park. During the early 2020s, the group invested in a specialist polymer production line through Duvelco and developed its radar subsidiary, which manufactures bespoke high-performance radar antennas. Other activities included jewellery-related products and fire-suppression systems. In late 2024, the mechanical-engineering division was reported to have performed particularly strongly, helping Goodwin plc enter the FTSE 250 Index. In August 2026, the company confirmed that it was considering the sale of a large part of the mechanical-engineering division. The reported proposal underscores the continuing evolution of Goodwin from a traditional foundry and mechanical-engineering company into a diversified specialist industrial group. Goodwin marked its centenary in 1983 with the grant of a coat of arms. In 1984 its steel foundry became the first steel foundry in the world to receive British Standards Institution accreditation to BS5750 for casting production; BS5750 was later replaced by the ISO 9001 quality-management framework. The group continued to expand its alloy capabilities through external licences: in 1986 it obtained rights from Langley Alloys relating to Super Duplex Stainless Steel and Ferralium Alloy 255 (also designated UNS S32550), while in 1990 it received an exclusive United Kingdom licence from Haynes International to produce cast Hastelloy and other super-nickel alloys. In 1992 the company received a best-practice certificate for computer-aided methoding from the British government's Energy Efficiency Office, and in 1999 it achieved ISO 14001 environmental-management accreditation. International industrial work expanded, and the company received the Queen's Award for International Trade in 2006. In 2008 it began supplying caryophyllene for an American research programme, illustrating the breadth of activities associated with the wider group.

• 2026

  Mechanical-engineering division sale considered

  [1]Goodwin plcen.wikipedia.org

  In August 2026, Goodwin confirmed that it was considering selling a large part of its mechanical-engineering division; no completed transaction or buyer was identified in the available reference material.

• 2024

  Joined the FTSE 250 Index

  [1]Goodwin plcen.wikipedia.org

  Strong performance, particularly in mechanical engineering, contributed to Goodwin becoming a FTSE 250 constituent.

• 2020

  Hanley headquarters expansion

  [1]Goodwin plcen.wikipedia.org

  Goodwin began an expansion of its Stoke-on-Trent headquarters, adding two office levels at the Hanley site and constructing a 60-space multi-storey car park.

• 2016

  Foundry-site expansion

  [1]Goodwin plcen.wikipedia.org

  The company began expanding its original foundry site by approximately 22 percent, including construction of an engineered retaining wall.

• 2012

  Largest super-nickel alloy casting

  [1]Goodwin plcen.wikipedia.org

  The company manufactures a casting described as the world’s largest super-nickel-alloy casting.

• 2008

  Caryophyllene supply for US research programme

  [1]Goodwin plcen.wikipedia.org

  Goodwin began supplying caryophyllene for an American research programme, illustrating the breadth of activities associated with the wider group.

• 2006

  Queen's Award for International Trade

  [1]Goodwin plcen.wikipedia.org

  The company received the Queen's Award for International Trade.

• 1999

  ISO14001 accreditation

  [1]Goodwin plcen.wikipedia.org

  Goodwin achieved accreditation for its ISO14001 environmental-management system.

• 1992

  Computer-aided methoding recognition

  [1]Goodwin plcen.wikipedia.org

  The group received a best-practice certificate for computer-aided methoding from the British government's Energy Efficiency Office.

• 1990

  Cast Hastelloy licence

  [1]Goodwin plcen.wikipedia.org

  Goodwin obtains an exclusive United Kingdom licence from Haynes International to produce cast Hastelloy and related super-nickel alloys.

• 1986

  Super duplex alloy licence

  [1]Goodwin plcen.wikipedia.org

  The company obtained a licence from Langley Alloys covering production of Super Duplex Stainless Steel, including Ferralium Alloy 255 (also designated UNS S32550).

• 1984

  BS5750 foundry accreditation

  [1]Goodwin plcen.wikipedia.org

  Goodwin's steel foundry became the first steel foundry in the world to receive BSI accreditation to BS5750 for casting production; the standard was later replaced by ISO 9001.

• 1983

  Centenary heraldic recognition

  [1]Goodwin plcen.wikipedia.org

  The company received a coat of arms in connection with its centenary.

• 1983

  Centenary coat of arms

  [1]Goodwin plcen.wikipedia.org

  The company receives a coat of arms to mark its centenary.

• 1958

  London Stock Exchange listing

  [1]Goodwin plcen.wikipedia.org

  Goodwin's shares were listed on the London Stock Exchange for the first time, making it one of the exchange's longest-listed companies.

• 1952

  Ductile-iron licence obtained

  [1]Goodwin plcen.wikipedia.org

  Goodwin secured a licence from the International Nickel Company to produce ductile iron.

• 1935

  Business incorporated

  [1]Goodwin plcen.wikipedia.org

  R. Goodwin & Sons (Engineers) Ltd. was incorporated on 11 October 1935.

• 1883

  R. Goodwin & Sons is founded

  [1]Goodwin plcen.wikipedia.org

  Ralph Goodwin and his sons established the iron foundry and engineering partnership in Stoke-on-Trent that became the foundation of Goodwin plc.

A technically specialized, high-integrity engineering supplier focused on complex castings, advanced alloys and bespoke industrial systems for demanding infrastructure, energy, defence, aerospace and process-industry applications.

• Foundry and heavy engineering

  Large engineered castings

  Goodwin's core offering consists of large, complex castings designed for demanding industrial and infrastructure applications. Components are produced to project-specific specifications and may be required to withstand high pressure, elevated temperatures, corrosion or substantial mechanical loads. The group has supplied castings for bridges, transport facilities, defence installations, power-generation projects and nuclear-related sites. Its value proposition is based on materials expertise, foundry capability and the ability to manufacture unusually large or technically challenging components rather than standardised commodity castings.

• Advanced materials · 1952

  Specialist alloy castings

  The company has developed and licensed capabilities in ductile iron, Super Duplex Stainless Steel, Ferralium Alloy 255, cast Hastelloy and other super-nickel alloys. These materials are suited to applications where ordinary steels may not provide sufficient resistance to corrosion, heat or stress. Such castings have supported the group's work in oil and gas, chemical processing, energy, defence and other sectors with severe operating environments. The product line reflects Goodwin's long-standing emphasis on metallurgy and specialist manufacturing processes.

• Fluid control

  Industrial valves and fluid-control equipment

  Goodwin has supplied high-specification valves and related mechanical-engineering products, particularly for oil and gas and other process industries. These products are intended for systems in which pressure containment, material performance and reliability are critical. Demand was historically strong from the energy sector, making valves an important contributor to the mechanical-engineering division. The business later sought broader sector exposure as oil and gas became more cyclical and the 2014 price collapse reduced industry workload.

• Industrial technology and defence

  High-performance radar antennas

  As part of its diversification, Goodwin built up a radar subsidiary producing bespoke high-performance radar antennas. The activity extends the group's engineering base into specialised sensing and defence-related technology. The available reference material does not specify particular antenna models, customers or programmes, but describes the business as focused on customised, technically demanding systems rather than mass-market electronics. As part of its diversification strategy, the wider Goodwin group developed a radar subsidiary producing bespoke high-performance radar antennas. This activity extends the group beyond traditional foundry work into specialized defence and electronic-system hardware.

• Specialty chemicals and materials

  Specialist polymer products

  Goodwin diversified into specialist polymers through its investment in Duvelco and the development of a new production line. This business complements the group's metal and casting operations by adding a materials platform serving specialised industrial requirements. The reference material does not provide enough detail to identify individual polymer products, end customers or exact applications, so the line is best understood as a specialist-materials diversification rather than a defined consumer brand. Goodwin diversified into specialist polymers through investment in Duvelco and the creation of a new production line. The available reference material does not specify the complete product range or individual commercial names.

• Industrial castings · 1883

  Specialist steel castings

  Large, technically demanding steel castings form the central offering associated with Goodwin Steel Castings. They are used in infrastructure, energy, transport, defence and industrial projects where component size, metallurgical performance and resistance to mechanical or environmental stresses are important. The company’s work includes castings for bridges, stations, power-generation facilities and major process plants.

• Ferrous castings · 1952

  Ductile iron castings

  Goodwin began producing ductile iron under a licence obtained from the International Nickel Company in 1952. Ductile iron provides improved strength and toughness compared with conventional grey iron and is suited to engineered components requiring a combination of castability and mechanical performance.

• Super-duplex stainless steel · 1986

  Ferralium Alloy 255 3SC

  Under a licence from Langley Alloys obtained in 1986, Goodwin produced cast versions of Super Duplex Stainless Steel, including Ferralium Alloy 255 3SC, also designated UNS S32550. The alloy is associated with demanding corrosive-service environments and supports applications in energy, marine and process industries.

• High-performance alloys · 1990

  Cast Hastelloy and super-nickel alloys

  Goodwin obtained an exclusive United Kingdom licence from Haynes International in 1990 to produce cast Hastelloy and related super-nickel alloys. These materials are intended for high-temperature and highly corrosive operating conditions and have supported large industrial castings, including a record-scale super-nickel-alloy casting manufactured in 2012.

• 2012

  Criticism over board non-executive director requirements

  Goodwin was criticised for not meeting Financial Services Authority requirements concerning non-executive directors on its board. The episode related to corporate-governance and regulatory compliance rather than the safety or performance of a product.

  Source

Read more

• 2026

  Possible sale of mechanical-engineering activitiesM&A

  Background

  Goodwin reviewed the structure of its diversified industrial portfolio after reporting strong performance in the mechanical-engineering division.

  Action taken

  In August 2026, the company confirmed that it was considering selling a large part of the mechanical-engineering division.

  Aftermath

  No completed transaction or buyer was identified in the available reference material.

  Source

• 2024

  Continued portfolio diversificationStrategy

  Background

  The group was operating across traditional mechanical engineering and newer activities such as radar and specialist polymers.

  Action taken

  Goodwin continued developing its radar subsidiary and investment in Duvelco while maintaining its casting and mechanical-engineering businesses.

  Aftermath

  A strong year in mechanical engineering contributed to the group’s entry into the FTSE 250 Index.

  Source

• 2020

  Stoke-on-Trent headquarters expansionStrategy

  Background

  Goodwin planned additional facilities at its Hanley headquarters as part of its continuing operational development.

  Action taken

  The company began adding two office levels and constructing a 60-space multi-storey car park at the Stoke-on-Trent site.

  Aftermath

  The project provided additional administrative and office capacity at the group's headquarters.

  Source

• 2016

  Expansion of the original foundry siteStrategy

  Background

  Goodwin continued investing in its core manufacturing infrastructure despite the difficult conditions affecting parts of mechanical engineering. The company required additional capacity for its established casting operations.

  Action taken

  The company began expanding its original foundry site by approximately 22 percent and constructed an engineered retaining wall as part of the works.

  Aftermath

  The project increased the capacity and physical capability of the group's historic Stoke-on-Trent manufacturing base. The expansion increased the physical footprint of the core foundry operation.

  Source

• 2014

  Diversification after the oil-price downturnStrategy

  Background

  Oil and gas had represented a substantial share of Goodwin's revenue and profit in some years. The sharp fall in oil prices in 2014 reduced demand for the group's mechanical-engineering products and created a prolonged period of pressure.

  Action taken

  Goodwin broadened its exposure beyond oil and gas by maintaining or developing activities serving defence, aerospace and mining and by investing in specialist polymers, radar antennas, fire suppression and other technical markets.

  Aftermath

  The strategy reduced the group's reliance on a single cyclical end market and helped establish a more diversified engineering portfolio, although the mechanical-engineering division remained important.

  Source

• 2010

  Diversification away from oil and gas concentrationStrategy

  Background

  Oil and gas had historically supplied a substantial share of the mechanical-engineering division’s revenue and profit, but the sector weakened sharply after the 2014 oil-price crash.

  Action taken

  Goodwin broadened its market and product exposure across defence, aerospace, mining, radar antennas, specialist polymers, jewellery-related products and fire suppression.

  Aftermath

  The diversification strategy helped the group develop additional industrial and technology activities while reducing reliance on oil-and-gas demand.

  Source

1. 1Goodwin plcen.wikipedia.org
2. 2Goodwin plc official websitegoodwin.co.uk
3. 3Goodwin Steel Castings official websitegoodwinsteelcastings.com