Wales Property Stephen Farrell

Associated British Ports (ABP) South Wales is investing more than £4m at the Port of Cardiff to support customers in the steel, forest products, and other general cargo sectors.

The company took over the stevedoring of steel and general cargo operations at Cardiff from a third party provider in April 2016. The latest investment forms part of its strategy to improve the infrastructure and equipment the port provides to these customers.

The £4m investment includes new warehousing, upgrades to existing warehouses, and new port handling equipment. Works are due to be completed by the end of 2017.

The upgraded warehouses and new equipment are expected to benefit several steel sector customers who have signed long-term agreements.

Matthew Kennerley, director of ABP South Wales, said: "We have worked closely with steel sector customers over the past 18 months to best establish how the port can meet the needs of their individual businesses. This substantial investment has resulted in these businesses committing to remaining at the port of Cardiff for many years to come."

The Port of Cardiff supports 2,000 jobs and contributes more than £120m to the UK economy every year.