British Steel has announced the single largest investment for more than 30 years at its Skinningrove site.
The £26 million project will see new processing facilities constructed at the Special Profiles site – which employs 327 staff – and forms part of a £100million investment this year by its owner Jingye Group.
The new Skinningrove facility will replace the services currently offered at the company’s site in Darlington, which stores and cuts profiles to customer requirements. It will close in 2023, but all 25 workers there will be given jobs with the company.
British Steel’s Commercial Director for Special Profiles David Waine said: “This is an exciting project that will establish us as a leading manufacturer on the world stage. Our high-quality profiles are supplied globally to make components for a wide range of market sectors, such as the forklift and earthmoving industries, and many of these applications are extremely demanding. Our investment means we’ll have world-class products manufactured to the tightest of tolerances. It will enable us to explore new growth opportunities for our forklift mast products in Europe, North and South America, India and Asia. And although our primary product offering will be for forklift mast production, we expect to be able to expand this to include other product applications too.”