- August 30, 2018
- Press Release
Liberty begins multi-million-pound Newport rolling mill investment
Liberty Steel Newport, part of Sanjeev Gupta’s global GFG Alliance, has begun a planned £15m investment in new and upgraded equipment as it continues a drive to win bigger UK market share for hot rolled coil, used in industries such as construction, automotive and pipe manufacture.
The 180-worker South Wales plant, re-opened by Liberty in 2015 following closure by previous owners, is doubling coil production this year to nearly 370,000 tonnes and is targeting further growth in 2019, aiming to displace foreign imports that currently take around 50% of the domestic market.
This week the firm is completing the first phase of the investment which is the installation of advanced descaling equipment to further improve the surface quality of the product, along with additional automation to increase process efficiency. There are plans to install further equipment in the coming months to achieve more product quality and internal efficiency improvements.
Operations director Tony Halbert said: “We’re greatly encouraged by the progress we’ve been making at the mill and these investments will put us in an even stronger position to serve existing and new customers in the UK and overseas.”
Planning work and front-end engineering is also continuing at Newport for a much larger investment involving the installation of an electric arc furnace and casters for liquid steelmaking and slab production at the site. These processes will be powered by renewable energy under Liberty’s GREENSTEEL strategy.
Sanjeev Gupta, executive chairman of the GFG Alliance said: “Newport was the group’s first steel producing asset so it’s very satisfying to see it continuing to make great strides forward as a highly-valued part of the global GFG business. We’re looking forward to delivering our big ambitions for the site.”
Latest NewsView All
GFG Alliance companies to play key role in £10m programme for smart technology in factories
Shiftec to provide LIBERTY Steel with sensor technology to enhance safety and efficiency Investment from government-backed Innovate UK’s ‘Manufacturing Made...
LIBERTY Steel Group to acquire strategic French steel businesses to create GREENSTEEL rail champion
LIBERTY Steel Group wins competitive process with strong industrial plan for Hayange and Ascoval Acquisition creates an integrated GREENSTEEL rail...
Sanjeev Gupta’s GFG Alliance to acquire Tasmania-based TEMCO
GFG Alliance has today confirmed that it has entered into a binding sale and purchase agreement with an entity owned...
GFG Alliance appoints Roland Junck to spearhead CN30 drive
Sustainable industry leader GFG Alliance has appointed Roland Junck as its new global lead for its CN30 programme, responsible for...