	F.H. Lloyd steelworks was formed at a site on Park Lane near the boundaries with Walsall and Darlaston during the 1880s, and provided employment for some 100 years. However, F.H. Lloyd was hit hard by the economic problems of the 1970s and early 1980s, and went out of business in 1982. Triplex Iron Foundry of Tipton then took the site over, but the new owners kept the factory open for just six years and it was then sold to Swedish home products company IKEA in 1988, being demolished almost immediately to make way for the superstore, which opened in January 1991.