£1.4 MILLION INVESTMENT AS NEWPORT STEELS ITSELF FOR MORE GROWTH
The partnership between Associated British Ports’ (ABP’s) Port of Newport and specialist steel-handling company, W E Dowds, goes from strength to strength asa new 25-year agreement has been reached on the back of a £1.4 million investment by ABP.
ABP will extend the port’s ‘7 Shed’ to add some 3,000 sq m of extra storage space which will provide W E Dowds with more capacity to accommodate increasing levels of steel-coil imports.
In preparation for this increased level of business, W E Dowds has also invested considerably at the Port of Newport in new stock-control systems, cargo-handling equipment and gantry cranes.This represents an investment of over £1 million and reinforces W E Dowds’ reputation as one of the prime UK companies handling and forwarding imported steel coils.
Well established at the Port of Newport since 1989, W E Dowds’ main facility – Newport Steel Terminal –which is operated under a partnership agreement with ABP, was also extended just two years ago to accommodate growth in the port’s steel business.This latest investment and agreement is yet another step that ABP and W E Dowds have taken to further strengthen Newport’s position as a major steel-handling port.
Simon Brett, ABP Deputy Port Manager, Newport, said:
“It is customer relationships such as the one we enjoy with W E Dowds that are core to the success of our business – driving investment and bringing wealth and prosperity to the port and local economy.”
Charles Dowds, Managing Director, W E Dowds (Shipping) Ltd, said:
“ABP’s support is crucial and important to our business.The high-quality warehousing that will be provided by this latest investment will enable us to continue to operate a first-class storage and distribution service for the benefit of our customers.”
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