Liberty Steel Re-Opens Another Steel Plant
The steel manufacturing group Liberty House has reopened a steelworks in Tredegar following the site entering administration in 2015 under the stewardship of its previous owners. The move is expected to generate up to 70 new jobs for the South Wales Valleys plus many more in the supply chain.
Liberty House is being lauded as a saviour of the industry as the move comes just a year after it re-opened the hot strip mill in Newport. The company's acquisition trail has been estimated to have saved over 1,500 UK jobs with thousands more indirect jobs secured.
The Welsh steel works resumed production of structural hollow sections and tubes in Tredegar with support from the Welsh Assembly. Formerly part of the Caparo Industries group of steel and engineering companies, the facility was bought out of administration by Liberty House at the end of 2015. The company is investing almost £4m in refurbishing and updating the facility, an investment that is being backed to the tune of £600,000 by the Welsh Government.