Member Article

20 new jobs created as steel firm relocates to Bromborough

A company, which specialises in the cutting and bending of steel reinforcing bars for the building and construction industries, has relocated from Belfast to Bromborough.

Capital Reinforcing Ltd has made the move with the support of Barclays through a £4 million combined loan and working capital facility.

The company has invested in a brand new 36,000 square foot head office and processing plant which will enable the business to import raw material via the Mersey Ports into the new facility and then deliver finished goods to mainland UK.

The new facility has created 20 new jobs, safeguarded 14, and will enable the business to increase capacity from 25,000 tonnes of cut and bent steel per year to 40,000 tonnes.

Director at Capital Reinforcing Ltd, Dermot Owens, said: “We have developed a strong relationship with Barclays and have been extremely impressed by their sector focus, the proactivity and their willingness to lend.

“The relocation will significantly increase the capacity of the business and enable us to take on more significant projects in the future.”

This was posted in Bdaily's Members' News section by Sophia Taha .