Peel Ports Group will invest £100m into the company’s steel and metals sector to enhance capacity and the efficiency of logistics.
Part of the investment includes the UK’s second largest port operator spending £32m at the Port of Liverpool to expand steel and metals storage.
David Huck, chief operating officer at Peel Ports said: “This is a game-changing investment for us.
“Demand for steel and metals handling across our port group, and the UK in general, has risen sharply over the past five years and this will allow us to expand our support to the construction and manufacturing supply chain right across the country.”
He added: “With expanded capacity and a growing, dedicated steel handling team, we can now move more product, more efficiently than ever before.
“Our location in Liverpool is in the heart of Britain and gives us a clear advantage – perfectly placed to serve stockholders and fabricators nationwide, supported by excellent road and rail links.”
Peel Ports hopes the investment will increase total capacity by 50% across the Port of Liverpool and Port of London Medway.
Further plans include creating a second automated terminal in Liverpool dedicated to steel coils, as well as rail connectivity to the midlands.
In April, the company reported record steel imports at the Port of Liverpool, with volumes increasing by more than 35% year-on-year.
