Global steel firm AIC Steel announces £10 Million investment in UK on 8-acre site

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Global steel firm AIC Steel announces £10 Million investment in UK on 8-acre site

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UK

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AIC Steel Group

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Phase one of development will provide annual production capacity in excess of 20,000 tonnes.

L-R: AIC Steel UK Technical Director Geoff Badge, CEO Michael Treacy, Wales Economy Minister Edwina Hart AM and Design Director Gursharan Thind pictured at their new manufacturing facility in Newport.

International structural steel firm AIC Steel Group has announced it is to invest £10m into its first UK manufacturing facility on an eight-acre site in Newport, South Wales.

With a presence in 8 countries and a current global output in excess of 300,000 tonnes per annum, AIC Steel is a leading designer, fabricator and erector of structural steel, delivering world-class structural steelwork solutions to the construction industry over a wide range of market sectors.

As part of its ambitious expansion plans, the firm will use the 35,000 m2 site as its UK manufacturing hub and will open a design and engineering office in London to target major projects.

AIC Steel will create 120 new jobs at the site, where the 12,500 m2 covered fabrication bays will provide a phase one annual output capacity of 20,000 tonnes of structural steelwork.

The Wales Economy Minister Edwina Hart attended the launch of the new facility at its opening on 17 March 2014.

AIC Steel employs over 4,500 people, has a turnover of in excess of $600m, and has been serving the needs of the petrochemical, power, and other industrial and commercial projects since 1994. It specialises in commercial projects ranging from corporate headquarters to signature office buildings and airports.

The firm has been involved in some of the most iconic signature buildings around the world including the Kingdom Tower and Al Faisaliah Towers in Riyadh and Medina Airport in Saudi Arabia.

Commenting on its move into the UK market, CEO of AIC Steel UK Michael Treacy said:

“We are delighted to be able to announce this investment and a long-term commitment to Newport, which is helped by the fact that we are backed by a major global parent company with a long term focus. We have a clear strategy for building a thriving business here in the UK.”

“We have a long and proud track record of delivering high-quality work, and our global network of satisfied customers hold the key to our success. Having worked with a number of UK consultants on major projects, it was a natural progression to establish a presence here. There are a number of exciting opportunities in the UK market that we are proactively targeting.”

“We chose Newport as our manufacturing hub as it has a culture that supports heavy industry and a skilled local workforce. There is a good supplier infrastructure in south Wales that we can tap into, and the port will be integral to our export activity.”

“The road and rail connections to London and the availability of skilled professionals and services locally also helped in our decision making process. We believe that "Made in Wales" is a strong manufacturing brand in export markets and we have a strong, award-winning senior team in place to help drive growth.”

http://www.aicsteel.co.uk/