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Engineering group Mabey Bridge has confirmed it will close its renewables division in Chepstow after completing a consultation with affected staff.
Mabey Bridge is one of the leading steel fabrication specialists, supplying of high quality steel bridges, wind turbine towers and heavy plated structural steelwork internationally.
The market leading range of Mabey modular panel bridges has been supplied to 140 countries around the world, with customers including national governments, NGO’s, global mining corporations and national military forces. These rapid erect steel panel bridges provide temporary and permanent infrastructure solutions for application in major cities, disaster stricken areas and remote regions.
Commenting on the closure the company said that despite “exhaustive efforts to find a buyer” it was closing its site on the Newhouse Industrial Estate, Chepstow.
The company announced plans to close the site in July 2015, with 125 jobs at risk. It produced wind-turbine components from the £38m manufacturing facility.
Mabey Bridge said it had invested “millions of pounds into its renewables division to try and make it a viable business” over the past five years.
However, this had “not been enough to overcome the realities of an exceptionally competitive international market for renewables”.
For more information visit the Mabey Bridge website.