Following WW1, sourcing steel products from England, and Germany was no longer an option and Australian railways found it impossible to obtain supplies of rail wheels, tyres, axles, and other steel products.
In April, 1917, at a meeting between the firms; Clyde Engineering Co. Ltd., Ritchie Bros., A Goninan & Co. Lt., and the Pioneer Spring Co. Ltd., the members saw an opportunity to build a manufacturing plant, and formed a new company to supply rail products to the Australian railways. Commonwealth Steel Products was registered 12 March 1918. Over the next 100 years ownership of the company continued to evolve through mergers and acquisitions, culminating in the formation of the Moly-Cop Group in 2011. The Moly-Cop Group now has operations in Australia, Indonesia, Chile, Mexico, Peru, Canada and USA, and sales into most global mining regions.
Today, the Moly-Cop site at Waratah employs 550 people. Moly-Cop is a fully integrated operation, from the processing of scrap metal in the electric arc furnace to the end products of grinding media and rail wheels.
The plant manufactures and supplies Grinding Media to the domestic and global mining and mineral processing industry, and is the only Australian manufacturer of Rail Wheels for passenger, locomotive and heavy haul applications proudly supplying under the Comsteel brand. All these products are recognised globally for their quality and reliability.
Moly-Cop’s core values centre on Safety, Customer, and People, reflected in the company’s participation in the Hunter Manufacturing Awards, achieving finalists in five categories. The stand-out win for Moly-Cop was the Excellence in Safety category by the Rail Products team for their Crane Safety Video and Family Open Days.
The initiative involves the workforce and their families. The video and open days aim to heighten the employees’ awareness, of how their actions at work can have a long lasting effect on their families, and gives families a first-hand experience of “what Mum and Dad does at work”.
“We are fortunate and proud to have these finalists and winners in our business. They clearly embody “Being the Best We Can Be” and are key to why the business remains successful today.
“The greatest asset, of the Moly-Cop business is its people. The commitment, capability and skill of the workforce here at Moly-Cop, is what drives the business, which has been here in Newcastle for 100 years, ensuring a strong future well beyond our Centenary in 2018” – Michael Parker, General Manager.
Plans are underway at Moly-Cop for the Centenary celebrations, with a program of activities and community events throughout 2018. Details of the celebrations will be released early in 2018.