Port of Cardiff invests over £4 million to support steel sector
ABP South Wales are investing over £4 million into warehouse improvements and handling equipment at the port of Cardiff in order to support customers in the steel, forest products, and other general cargo sectors, says ABP.
In April 2016, ABP South Wales took over the stevedoring of steel and general cargo operations at Cardiff from a third party provider. This investment forms part of a long-term plan to continually improve the infrastructure and equipment the port provides to these customers.
The £4 million investment includes new warehousing, upgrades to existing warehouses, and new port handling equipment.
The upgraded warehouses and new equipment will benefit several steel sector customers who have signed long-term agreements, to develop their businesses at the port of Cardiff, in order to benefit from these investments.
Matthew Kennerley, Director of ABP South Wales, said: “We have worked closely with steel sector customers over the past 18 months to best establish how the port can meet the needs of their individual businesses. This substantial investment has resulted in these businesses committing to remaining at the port of Cardiff for many years to come.”
All works are due to be completed by the end of 2017.
The port of Cardiff is owned and operated by ABP South Wales. It supports 2000 jobs and contributes over £120 million to the UK economy every year. It can accommodate vessels up to 35,000 dwt and annually handles around 1.7 million tonnes of cargo.
