One hundred new jobs will be created in Risca after a £10m investment by the UK’s largest steel fabrication company.
The development of William Hare Limited’s Risca site, which currently has 23 employees, is being supported by £350k of Welsh Government funding.
The investment will see the company’s facilities expanded, manufacturing capabilities improved, apprenticeships created and local suppliers used.
The company, which employs 1,700 people worldwide, has an annual turnover of more than £190m.
The new jobs are set to be created over the next two years.
William Hare Group CEO David Hodgkiss said: “The acquisition and investment of the Risca facility will continue to improve productivity, meeting our client’s needs through creating local jobs and supporting other businesses in the area.”
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Islwyn’s Assembly Member, Rhianon Passmore, said: “It is great to see the creation of new jobs and a resurgence in the steel industry in a community with such historic links to steel.
“I toured, with Economy Minister Ken Skates, William Hare Limited’s site to see steel production in action.
“The Welsh Labour Government through it’s economic action plan and economic contract will continue to work closely with private industry to aid the health of the Welsh economy.”
Mr Skates AM, said: “I’m delighted the Welsh Government is supporting William Hare Limited’s plans to grow in Risca, securing jobs and creating new ones.
“As a government, we have demonstrated over many years how we are a steadfast supporter of the steel industry and today’s announcement is proof of that.
“This is an important company in the region and the creation of new jobs is a real boost for the area and its people.
“William Hare is a great example of the types of companies we want to champion in Wales and demonstrates the business behaviours the Welsh Government is trying to drive through our economic action plan and economic contract.”