One hundred and twenty jobs are to be created at the former Rowecord site in Newport, with steel company AIC Steel investing in a new manufacturing facility in the area.
The Rowecord plant went into administration in April 2013, making 430 people redundant. Some of those to be employed by AIC will be those who lost their jobs last year:
– Michael Treacy, CEO of AIC Steel UK
We chose Newport as our manufacturing hub as it has a culture thats 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"