South Australian finance minister Tom Koutsantinos MP (centre) pictured with Ian Whale (right) divisional managing director and and Dr. Douglas Dawson (left) CEO of Liberty Industries Group.
The minister has travelled more than 10,000 miles to view a group of West Midlands engineering businesses, whose parent company has just burst onto the business scene down under.
Tom Koutsantonis MP, South Australia minister for finance, resources and energy undertook an intensive fact-finding tour of the region last week.
His main concern was in viewing four hi-tech factories in the Liberty House Group which, along with its sister energy company SIMEC, has just bought Australia’s largest integrated mining and steel business.
Under the umbrella of the GFG Alliance, Liberty and SIMEC have been delivering a strategy to revive heavy industry in the UK and other parts of the world by combining steelmaking with clean energy generation and high-value engineering.
This is known as the GREENSTEEL strategy.
Liberty’s plants at Coventry, Leamington Spa, Oldbury and Kidderminster, which make a wide range of sophisticated metal components for the automotive and aerospace industries, supply some of the biggest name customers in these sectors.
Following two years of rapid growth through high-profile acquisitions, Liberty now employs more than 2,500 people in its West Midlands engineering businesses, and GFG Alliance companies employ a total of more than 5,500 industrial workers across the UK.
GFG recently doubled its global workforce to more than 11,000 through its acquisition in Australia, which included the iconic Whyalla integrated steelworks in South Australia.
To make Whyalla sustainable, GFG intends to work with state and federal government in Australia to introduce largescale green energy to the plant including hydro, solar and heat recapture from existing processes.
Following his tour of Liberty’s sites across the West Midlands Mr Koutsantonis said: “It’s very encouraging to see what GFG is achieving here in the UK. The Group clearly has an imaginative and ambitious programme to revive and sustain industry and that approach is securing highly-skilled British jobs for the long term. We’re looking to seeing the same thing happen in Australia.”
“Over the past two years we’ve built a productive partnership with central and devolved governments in the UK and we believe we are now developing a similar partnership with government in Australia.”