Posted: Wed 31st Aug 2016

Tata Shotton is “in a strong position” but long term assurances are needed First Minister Carwyn Jones says.

News and Info from Deeside, Flintshire, North Wales
This article is old - Published: Wednesday, Aug 31st, 2016

First Minister Carwyn Jones has said he is seeking assurances over the long term future of Tata Steel. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

Despite recent news the company is to invest a reported £7m in the next generation of steel coating equipment at the Shotton works Mr Jones said: ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

“We need to get long term assurances for the future of all of the Tata Steel in Wales” ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

In a round of press briefings after the summer break the First Minister told Deeside.com: ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

“We are in constant contact with Tata, looking at ways of making sure we get long term assurances for the future of all of the Tata plants in Wales” ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

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Tata Steel announced earlier in August Shotton will spearhead a drive to create the next generation of building envelope products “aimed at meeting current and planned future legislation and customer needs.” ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

In March, the Mumbai based parent company said it was considering the sale of its entire UK operations, putting the future of thousands of jobs across Wales at risk. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

Shotton steelworks has remained the jewel in company’s crown remaining profitable even at the height of the steel crisis earlier this year. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

With China dumping cheap steel on Europe, Tata claimed it was losing £1million a day at its Port Talbot works alone however, recent reports say Port Talbot is now back in profit buoyed by currency exchange rates. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

Tata are now in joint venture talks with Thyssenkrupp as they look to find a more sustainable solution for their UK assets. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

German steel maker Thyssenkrupp is pushing for consolidation in the European market as the steel industry struggles with overcapacity, worsened by Chinese exports flooding the market. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

The First Minister said: ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

“Shotton is in a strong position in itself, we know that, but we need to get assurances about Tata’s operation in the whole of Wales. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

At the moment the exchange rate is helping, but that’s not going to be that way forever ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

The fact is Tata are looking to invest in Wales again, that’s important and we wait and see what the detail of that might be.” ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

More investment for Deeside. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

“Keeping the momentum going for jobs is important for us.” Mr Jones said.
We have a lot of big employers such as Airbus already in Deeside Enterprise Zone, and its been a really successful place for attracting investment, north east Wales is a hugely attractive place to invest. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

I’ll be off to America next week and will keep on selling Wales and keep on saying to investors that despite Brexit Wales is open for business, a great place to come and invest in. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

Priorities. ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

We need to move forward with our plans for the metro system to improve transport links, that means not just in the north east of wales but across the northern powerhouse ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

We know job creation is important but we need to make sure people can get to jobs easily, they are two main priorities for us.” ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

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Pictures: flickr.com/welshlabour ‌​‌‌‌​‌‌‍‌​‌‌‌​‌​‍‌​‌‌‌​‌​

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