AIC Steel, the UK based arm of international structural steel firm AIC Steel Group has been awarded contracts worth £8m since opening its manufacturing site in Newport six months ago.
The company has won 20 significant projects to design, fabricate and erect structural steel for the UK construction industry over a range of market sectors.
Contract wins for the firm include the re-development of Bristol City Football Stadium and the development of 57 luxury apartments in the heart of Westminster.
The 28,000 sq. metre plant, which provides an annual output capacity of approximately 25,000 tons of structural steelwork, was launched as the Group’s manufacturing hub following a £10m investment.
AIC Steel Group has a track record of delivering work to a global network of customers and established a UK presence after recognising opportunities for growth in the UK market. As a result of recent wins, the Newport base is on course to turnover £20m by 2015.
Since the launch, staff numbers have increased from 20 to 80, and there are plans to further boost the workforce to 120 by December 2014, as the company aims for continued growth.
The firm, which also has a London based design office, plans to establish a presence on major projects across the UK to build a reputation as a leading steel fabricator recognised for technical excellence.
CEO of AIC Steel UK, Michael Treacy said:
“We are delighted to have received such a positive response from our clients and to have secured such a high number of prestigious contracts. In the last six months, we have achieved significant success, winning work across the country for some leading main contractors.
“AIC Steel has a reputation for delivering high-quality work on signature projects around the world. Our long-term commitment to Newport and developing a strong, highly skilled workforce at our manufacturing site is a major part of our growth strategy.
“We are pleased to have engaged with the local community and have employed a large number of local people, who bring with them years of expertise and passion for the industry. Since establishing our UK base, we are proud to have already achieved CE Marking to Execution class 4 and Achilles Level 5, which are the highest accreditation and certification standards within our industry.
“We have a clear strategy to build a successful company, and are looking forward to harnessing the strengths of our people to capitalise on Newport’s strong industrial heritage and supplier infrastructure.”