Chinese-owned Jingye group’s British steel plans to invest £26mn ($35.58mn) in a project that will lead to new downstream processing facilities at its Skinningrove site in North Yorkshire. The investment is part of an expanded £100mn capital allocation this year towards enhancing the company’s manufacturing and environment performance.
The new service center will include cut-to-length lines, product milling, machining, and warehouse operations allowing the company to create and operate advanced profiles favouring the forklift industry. British steel expects strong demand for products used in the mining and construction industries.
Operations on the latest facilities are expected to commence towards the year-end with the start of commissioning on Aug 23.
The Skinningrove facility will replace the services offered by the firm’s Darington unit. This would connect the upstream and downstream processes along with expanding processing ability.
The new scheme builds on the older investment with a £2mn descaling system, a top-notch product processing center, and a one-of-a-kind identification tracking control for each profile produced at the Skinningrove mill.
($1 = £0.73)