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Pembrokeshire engineering firm goes into administration

An engineering firm in Pembrokeshire, which was given £650,000 in funding from the Welsh Government earlier this year, has gone into administration.

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Main Port Engineering, which is based in Pembroke Dock, opened a brand new facility on the Milford Haven Waterway Enterprise Zone in March.

The move, they said, would "secure the firm’s long term future and enable the company to maximise the latest engineering technology, take on large long term contracts and create new skilled jobs."

ITV Wales has tried to contact the company for comment.

It's thought the company has over 150 employees.

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Newport metal recycling plant "significant step" for steel industry

Steel firm Liberty House has announced it's to launch a metal recycling business, under its plans for the future of steelmaking in the UK.

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The company said it will set up a processing centre in Newport, where it already operates a one million tonne a year hot strip mill.

Recycling centres are also expected to be set up in other areas in the UK including Scotland and the Midlands.

The company said it has plans to develop its recycling business in the United State and Europe.

Liberty House executive chairman Sanjeev Gupta has described the launch as a "significant step" for the steel industry.

The projected growth in the supply of scrap in the UK and in other developed economies over the coming years provides the basis for a strong, competitive and sustainable steel industry for the future.

– Sanjeev Gupta, Liberty House

Liberty Steel has previously expressed interest in buying Tata's Port Talbot plant.

Read more: Tata staff want 'commitments' as uncertainty for Port Talbot continues

101 made redundant as Newport steel firm goes into administration

101 people have been made redundant at a steel firm in Newport, after the company went into administration.

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AIC Steel Limited was set up in 2013 after another firm Rowecord Engineering Ltd went into administration.

The company trades from Usk Road in Newport.

Administrators Begbies Traynor said they are investigating how viable it is to continue trading, but have warned there are likely to be "significant redundancies".

The company announced a £10 million investment in Newport just two years ago.

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