Vulcan – Deloitte Top 200 New Zealand Company of the Year

After two quiet years, the premier event on New Zealand’s business calendar was back. 

Companies and individuals were singled out for showing exceptional commercial strength, leadership, and agility in the face of the many challenges thrown at them by the pandemic. Outstanding results were achieved despite supply-chain disruptions, skills shortages, inflation, and other unusual and often extraordinary pressures.

Alongside very worthy winners in other categories, Vulcan Steel is immensely proud to be awarded ‘Company of the Year 2022’ in recognition of its exceptional performance for both the company and its shareholders.

Vulcan Steel was established by Peter Wells in 1995 and thrived as a privately-owned steel distribution company. Since its public listing in 2021 Vulcan has delivered total shareholder returns of 32 per cent, operating profit has increased by 82 per cent, and net profit has risen by 119 per cent!

The panel of high-profile judges convened by NZME head of business content Fran O’Sullivan said Vulcan Steel stood out due to its recent performance. Fran said:

“Vulcan Steel is a long-term New Zealand success story, led by an outstanding and committed leadership team. This year they also successfully acquired Ullrich Aluminium, which added to their range and helped to underpin further growth. Although the steel and metals markets have been buoyant, helping lift pricing, Vulcan’s performance has been exceptional.”