08 February 2017
Welsh steel industry gets investment boost
The Welsh government is to plow £2.8 million into the country’s steel industry to help secure more than 550 jobs, it has been announced.
Welsh economy secretary, Ken Skates confirmed on Wednesday that 90 extra steel jobs will be created and a further 477 safeguarded following the investment into Code Serve in Brynmawr, Dyfed Steels in Llanelli, Express Reinforcements in Neath and Celsa Steel in Cardiff.
A total of £750,000 has been handed to Dyfed Steels, which is investing more than £4 million in to a new manufacturing facility. It will create 30 additional jobs, safeguard more than 170 jobs, and help the company cope with more business.
Code Serve has also been handed cash because it has outgrown its current facility and is relocating. It will make a £1 million investment that includes the purchase of new equipment and is backed by £400,000 from the Welsh government.
Meanwhile Express Reinforcements, which specialises in the manufacturing and supply of steel reinforcement products, are investing £150,000 into bespoke machinery and IT hardware and software to increase capacity. The move will create and safeguard 22 jobs and has been supported by £65,000 from the Welsh government.
And finally, £1.6 million is being put towards major environmental improvements at Celsa Manufacturing (UK)’s two key steel production sites in Cardiff. The move will safeguard up to 280 job.
“The steel sector is a key priority for the Welsh government and I am delighted to announce support for four businesses that between them are investing £8.75 million in new facilities, new equipment, expansion projects and environmental improvements in Wales,” said Skates.
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