ABP South Wales has plans to invest more than £4m on warehouse improvements and handling equipment at the Port of Cardiff to support customers in the steel, forest products, and other general cargo segments.

Last April, ABP South Wales took ownership of the stevedoring of steel and general cargo operations at Cardiff from a third party provider. The latest investment forms part of the company's long-term strategy to improve the port's facilities and equipment.

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More than £4m will be spent on new warehouse, upgrades to the existing warehouses, as well as on new port-handling equipment.

The upgraded warehouses and infrastructure will benefit many of the port's steel sector customers, some of whom have long-term agreements.

"We have worked closely with steel sector customers over the past 18 months to best establish how the port can meet the needs of their individual businesses."

ABP South Wales director Matthew Kennerley said: “We have worked closely with steel sector customers over the past 18 months to best establish how the port can meet the needs of their individual businesses.

"This substantial investment has resulted in these businesses committing to remaining at the Port of Cardiff for many years to come.”

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The works are expected to be completed by the end of this year.

Cardiff port is owned and operated by ABP South Wales and supports around 2,000 jobs. It annually contributes more than £120m to the UK economy.

The facility can accommodate vessels up to 35,000dwt besides handling around 1.7 million tonnes of cargo per year.