Steel manufacturing at Tredegar
A Valley’s steelworks which shut down over a year ago after its owners went into administration is now set to double its workforce after being saved by Liberty House.
Liberty House restarted production at Tredegar in December and the business has since taken on over 20 new customers.
On the back of this, Liberty believes it will be in a position to increase production at Tredegar from one shift to two shifts in the fourth quarter of this year.
The increase in production from one to two shifts would be expected to create an additional 22 jobs at the plant, which would effectively double the current workforce.
The site, which includes a 100,000 tonnes a year rolling mill, was one of a number of former Caparo Steel Products sites acquired by Liberty from the administrators in late 2015.
Following its reopening, the steelworks has undergone significant refurbishment work including the building of a brand-new roof on the main mills and the modernising of electronics, as well as upgrades to existing equipment, to ensure the plant is running to an effective standard.
David Ashton, plant director at Tredegar, said: “We have had a strong six months since reopening the plant and are working hard to ramp up volume on shipping to our customers and developing and growing the building.
“Over the next few years, with increasing pressures on infrastructure and greater demand within the construction industry, we expect to see increased consumption of our products over the years to come.”
Liberty is investing £3.7m in refurbishing and updating the facility, backed by £600,000 in funding from the Welsh Government.
Speaking at the reopening of the Tredegar plant back in November, the First Minister said: “We are doing everything in our power to support the steel industry in Wales, which is vital for the sustainable future of our manufacturing industry.
“The reopening of the Valley’s steelworks is good news for our steel industry. Liberty has a proven track record within the steel sector and is one of a few companies expanding in today’s challenging climate.
“This is another strong commitment from Liberty and I welcome their plans to modernise the site and employ former staff, retaining local skills.”
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement