ABP has signed a ten-year agreement with Tata Steel for the delivery of raw materials to the integrated steelworks through Port Talbot’s deep-water harbour.
The agreement also covers the handling of export finished products via the Port of Newport.
This will provide more opportunities to use the jetty’s north side after the lay-up of the deep-sea drill vessel Sertao last year.
Additionally, it will also offer better access to port development land on the port’s northern side.
It is expected that all the factors associated with the agreement will increase investment and create new job opportunities.
ABP Business Development group head Ralph Windeatt said: “This new agreement will provide a great opportunity to attract new businesses to the area and create further jobs.
“Port Talbot benefits from a unique deep-water harbour able to accommodate some of the world’s largest ocean vessels. It also provides large development sites, a highly skilled workforce and links with local partners, including Welsh Government and the local authority, which make it an excellent choice for investment from the energy, manufacturing and logistics sectors.”
ABP will also work with Tata Steel to improve the commercial relationship between them. Since 2007, Tata Steel owned the steelworks in Port Talbot, which supports approximately 4,000 local jobs.
Tata Steel Strip Products UK director Martin Brunnock added: “For us, the ability to bring in raw materials to Port Talbot and export our products globally via the Port of Newport is a vital business requirement.
“At the same time, this agreement will allow land to be turned to good use for the creation of jobs in the area, which is something we at Tata Steel feel passionate about.”