By Liz Nickels

Until last July, Kostecki was also the company's CEO and technical director.

"It is with considerable regret we announce Mr Kostecki's passing,” said Alan Scott, Alloy Steel's chairman of the board of directors.

“Gene died peacefully in hospital from complications which set in following a severe bout of pneumonia. He will be sadly missed, but fondly remembered by all at Alloy Steel. Looking forward, the company is fortunate to have Gene's sons, Steven and Andrew Kostecki, respectively heading up its operational/technical development activities in Australia and our marketing/brand recognition efforts in North America."

Alloy Steel International manufactures and distributes Arcoplate, a wear-resistant alloy overlay wear plate.