Newport company explores partnership with China
Posted on Friday 14th August 2015
SIMEC Uskmouth Power is to explore a partnership between the Chinese Government, Chinese Corporates and the company on their various projects in Wales.
The company recently hosted Chinese Minister Counsellor Jin Xu, his wife Bai Ziaohui, Second Secretaries Li Oiang and Huang Hongyong and Attache Zhang Peng.
Representatives from Newport City Council - the city's Mayor Councillor Herbie Thomas, Deputy Leader Councillor Ray Truman and the Cabinet Member for Regeneration and Investment, Councillor John Richards - also met with the Minister and the team at SIMEC.
Liberty House Group Managing Director Sanjeev Gupta said: "My family and I are committed to the development of our businesses in Wales. Fully implemented, we will invest hundreds of millions to bringing the steel plant and renewable energy park to their full potential generating much needed growth and employment for the region. The added benefit is that our developments will utilize technologies that will help to clean up the environment."
SIMEC explained their plans for development of its Renewable Energy Park, implementing cutting edge technologies for various renewable energy projects.
CEO James Busche said, "SIMEC would look to deploy these technologies in other parts of the group, especially China, where the Chinese government is also committed to reduce emissions and grow its energy capabilities with renewable technologies".
SIMEC also intends to develop a logistics hub in Newport under its SIMEC Shipping division, and will look to China to supply port equipment, a fleet of vessel and a floating platform for mid sea discharge to increase handling capacity in the Newport area.
Councillor Ray Truman, Deputy Leader of Newport City Council, said: "We would like to thank Mr Gupta and the team at SIMEC for inviting us to join them on this auspicious occasion and
sharing their plans for the future with us. It was a pleasure to meet the representatives from China and hear of the potential co-operation in the future which could be of great benefit to the company and to Newport."
Councillor John Richards, the council's Cabinet Member for Regeneration and Investment, added: "We were pleased to hear about the company's commitment to and investment in Newport. I hope the partnership with China flourishes and look forward to SIMEC and
Liberty Steel Newport growing their businesses in the city, creating more jobs and boosting the economy."