GFG Alliance, the parent company of the international industrial and metals group Liberty House, has announced that its infrastructure division, SIMEC Infrastructure, has reached an agreement to buy a major port and cargo-handling business in South Wales, UK, as it expands its transport infrastructure across the country.
According to GFG’s statement, having recently acquired the freehold of Bird Port at Newport, SIMEC Infrastructure has now agreed to buy Cargo Services (UK) Ltd, which runs all freight-handling operations at the site.
“We’re planning to install major steelmaking capacity at Liberty Steel Newport and convert the neighboring Uskmouth Power Station to renewable energy to drive the steel mill. All of that ensures that this area’s importance as an international transport hub will increase immensely in the years ahead,” stated Sanjeev Gupta, executive chairman of the GFG Alliance.