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News Release

London

Major Expansion For Steel Engineering

At Westway, Renfrew


London, 14th March 2012 - Steel Engineering, the largest steel fabricator in the West of Scotland has announced further expansion at the company’s base at Westway Park in Renfrew, which is owned by the Moorfield Group.
 
Steel has agreed terms to occupy 70,000 sq ft at Block G and will also utilise the dock facility. This is in addition to the 100,000 sq ft the company already leases at Block F. Steel has signed up for a new 15-year lease on the total 170,000 sq ft floorspace at an annual rental of is £680,000 per annum (£4 per sq ft).
 
Steel was originally founded in 1922 and has been based at Westway for the past 12 years. Earlier this year it was announced that the company aims to double its 120 staff by opening a new plant and has been awarded a £1.8m government grant towards the £3m investment. 
 
The company will also utilise a mini-port facility on the banks of the White Cart River at Westway.  Moorfield, the owner of Westway has applied for National Renewables Infrastructure Funding through Scottish Enterprise for this facility.
 
Steel Engineering is also liaising with Skills Development Scotland to develop a training school, working in partnership with Anniesland College in Glasgow. This would aim to provide training tailored to the latest fabrication techniques, and welding procedures required by the renewables industry.
 
David Maxwell, chairman of Steel Engineering said: “The renewable industry in Scotland is constantly evolving, with technology advancing all the time. We aim to create an additional 120 jobs by servicing a range of renewable energy sectors, including offshore wind, wave and tidal power from our base at Westway.”
 
Mark Holmes of Moorfield Group said: “This deal is great news for Westway and for the west of Scotland in general. We have worked with Steel Engineering for a number of years now and are delighted to be able to assist the company implement its exciting expansion plans which will provide real employment opportunities in the area.”
 
Andrew McCracken of joint agent Jones Lang LaSalle, who represented Moorfield Group, said: “Westway continues to provide the perfect location for Steel Engineering and the landlord’s positive approach has enabled this deal to progress smoothly and meet the company’s business needs.”
 
“This deal signals good news for both the Scottish and Renfrewshire economies said Bob Davidson, Chief Executive of Renfrewshire Chamber of Commerce.  “We’re delighted to see an ambitious member grow & prosper in Renfrewshire.”
Derek Mackay, MSP for Renfrewshire North and West added: “I welcome Steel Engineering’s expansion at Westway Park.
 
It is encouraging to see a successful Renfrewshire company growing and creating jobs within the local area. I wish Steel well and hope they will continue to expand at this great site.” 
 
Other occupiers include Doosan Babcock, Aggreko plc, Nippon Express, Amey Highways, Smurfit Kappa and James Fisher Defence.
 
Westway joint agents are Jones Lang LaSalle and James Barr.