After the disappointment of the Alphasteel Newport's steel industry has received some welcome good news. Orb Electrical Steels, a leading manufacturer of hi-tech steels for specialist applications in transformers and generators, exports around 90% of its products around the world. The company’s Project Renaissance will see 24 acres of surplus land sold for development, and revenues reinvested in the business to create an updated complex, costing around £4m. Midas Construction of Newport has started work on the 30,000 sq ft company headquarters which will overlook the River Usk a short distance from the historic Transporter Bridge. Orb is part of steelmaker Corus, and steels produced by Corus in the UK and other locally produced material will be used for the prestige project.Orb works general manager Mark Cichuta said, “This project represents the largest investment in the business since the 1960s.
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