Derek Vaughan MEP sees Welsh ports as key to trade and manufacturing growth
March 20, 2014
Wales MEP, Derek Vaughan, recently visited Associated British Ports’ (ABP) Port of Cardiff to see firsthand how ABP's ports in Wales are helping to drive growth by facilitating investment and employment in new trade.
During a tour of the port, which handles a wide range of goods for both South Wales and other UK businesses, Mr. Vaughan visited a steel tube manufacturer, HDM Tubes Ltd, which has recently invested several million pounds in advanced tube welding lines alongside ABP's investment in new storage and handling facilities. The investment has already seen the creation of 35 jobs and the firm aims to build on that as its production expands.
HDM Tubes Ltd is just one example of the investment and new jobs ABP is helping to bring to Wales. ABP's planned investment across its ports at Newport, Cardiff, Barry, Port Talbot, and Swansea promises to generate an extra £100 million for the Welsh economy every year, adding to the estimated £1 billion the ports already contribute. A recent study carried out by Arup has also demonstrated that ABP's ports in Wales currently support some 15,000 jobs.
Speaking after his visit, Mr. Vaughan said: "I was very much impressed by the facilities at the Port of Cardiff and to learn more about the critical role ports can play in helping drive economic growth. HDM Tubes Ltd was a real example of how ports can boost growth, not just by supporting trade, but also by offering an attractive base for manufacturing on or near the port. It is great to see more manufacturing and investment coming to Wales, and it is clear our ports are key to that."
ABP Port Manager Callum Couper, who accompanied Mr. Vaughan during his visit, said: "We were delighted to welcome Derek on his visit to the port. It was a fantastic opportunity to show how ABP's ports are delivering for the Welsh economy. Jobs, investment and growth are at the heart of our commitment to Wales and we look forward to continuing to work with our partners to deliver more."
HDM Tubes Ltd General Manager Cagri Coskun added: "We saw Wales as a real opportunity to develop and grow our business. The Port of Cardiff was selected for this investment reflecting good support from Associated British Ports and Welsh Government. It was a real privilege to welcome Mr. Vaughan to our new facility and to discuss our plans for future growth."
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