10.08.2021. Seco/Warwick, a Polish company with American roots, was awarded a prize at the “USA-Central Eastern Europe Investment Summit & Awards”. This is one of the key events summing up the economic partnership between the U.S. and the CEE region. The award for the Most Successful Expansion was accepted by Sławomir Wozniak, the President of Seco/Warwick Group.
This was the fourth annual USA-Central Eastern Europe Investment Summit. 67 top companies were competing as finalists in several categories. Besides Seco/Warwick, the winner list included Pratt-Whitney, Santander Bank, Kimberly-Clark, and more.
Seco/Warwick is a global manufacturer of heat treatment equipment, primarily industrial furnaces. So far, the companies forming the Group have delivered over 4,000 solutions for key and strategic branches (automotive, aviation, defense, energy) from 70 countries. Over 80 % of Seco/Warwick solutions are delivered to foreign markets, of which approx. 30 % are installed in North America.
Seco/Warwick started as the Stewart Furnace Division of Chicago Flexible Shaft, an American company founded over 100 years ago. Later, the company’s scope evolved and was renamed Sunbeam Equipment Corporation (SECO,). In 1983, it consolidated ownership with the Warwick Furnace Company, creating a new entity, Seco/Warwick. In 1991, a Polish-American joint venture was formed, marking the beginning of a new chapter in the history of Seco/Warwick.
Today, Seco/Warwick is among the top 5 global manufacturers of heat treatment equipment. The expansion in the U.S. market, rolled out from 2005 to 2017, started with the acquisition of 100 % of shares in the parent company. It was followed by the acquisition of Retech and incorporation of SVT (Seco/Vacuum Technologies LLC), which after four years of operation in the USA has become one of the North American leaders in vacuum solutions.
Sławomir Woźniak, President of the Seco/Warwick Group: “The award makes us very happy. It shows that we have chosen the right path to grow. The U.S. market is a key sales area. Hence, the presence of two subsidiaries, SVT and Retech. We have set our sights on this region in particular, and our furnaces operate in major U.S. companies in strategic branches such as defense, aviation, and automotive. Our current order book indicates that the share in the North American market will grow significantly this year and will reach over 30 % in subsequent periods.”
The company’s success stems from the efforts of over 700 people around the world, including nearly 100 employees working in Buffalo, New York, where the newly established Retech headquarters, with an area of over 4,500 m2, is located. It is the location for 80 employees in the new R&D department, built in the vicinity of engineering and technical colleges. This means more opportunities.
Retech, the American representative of the Seco/Warwick Group, has moved its headquarters twice in its 58 years of operation. It started as a small business employing only a few people. Today, there are 60 members in the Retech crew.
”The last year has brought us very dynamic growth. Opening of a new headquarters has given a serious push to continue working actively and seeking new opportunities. The R&D department plays a major part in it. It is fully focused on exploring new vacuum melting solutions that will satisfy the needs of our customers. It is great to be a part of major aviation, automotive, or energy projects in the U.S. The popularity of VIM furnaces and the rise of vacuum metallurgy is a consequence of the ever-changing manufacturing needs in aviation. State-of-the-art jet engines use advanced blades cast in our monocrystalline furnaces. The future looks very promising for Retech and Seco/Warwick,” says Earl Good, Managing Director of Retech.