Tuesday, September 22, 2020

New steel company signs five-year research deal

The Materials Processing Institute has signed a landmark contract with newly-emerging British Steel.

The multi-million-pound contract will see the Institute providing innovative research and development for up to five years for British Steel’s high-value rail and construction products. British Steel was founded on 1 June 2016 when Greybull Capital acquired Tata Steel’s Long Products business. It has four principal sites, at Teesside, Scunthorpe, Hayange and Skinningrove.

Teesside-based MPI is a not-for-profit company, which works with industrial innovators to conduct research for the rail, materials, process and energy sectors. It also continues to make specialist steel at its Normanton facility.

The new contract with British Steel will see the Institute provide research and innovation to support improvements in productivity and performance. The contract has been signed just weeks after visits to MPI from steelmakers in Germany, Sweden and Slovakia, all seeking to take advantage of its expertise.

Chris McDonald, Chief Executive of the Materials Processing Institute, said: “We are pleased to see the return of the British Steel brand to the UK. After what has been a difficult year for the industry, we can see opportunity and confidence for investors in UK Steel manufacturing.

“The Materials Processing Institute has a long track record in developing technology and world leading expertise. We look forward to using this knowledge to support the development of innovative processes at British Steel which will ensure it remains a profitable concern, producing high-quality steel.”

John Dale, British Steel Technical Director, added: “After recent uncertainty, the future looks increasingly bright for British Steel.

“The collaboration we have agreed with MPI, a key strategic partner for steel and materials innovation in the UK, will support the continued development of our products and productivity, keeping UK steel manufacturing at the forefront of the international market.”

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 lockdown having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.




Latest news

Double director appointment for Town Centre Securities

Town Centre Securities (TCS) has made two key senior appointments in its property team. The Leeds-based property investor and car parking operator has promoted Helen...

York hotel plan gets go-ahead

A new hotel is to be built on Micklegate in York, after planning approval was granted by just one vote. The 62 bedroom hotel, with...

Hull’s Whitefriargate secures £1.75m grant from Historic England

Whitefriargate in Hull has received a grant of £1.75m from Historic England. Hull City Council was informed earlier this year that its funding bid, for...

Facelift planned for prominent Sheffield building

A planning application proposing a significant facelift to Sheffield's Gaumont building, located on the junction between Barker’s Pool and Burgess Street in the city...

Pandemic sees major slide in recruitment plans as firms play it safe

Almost half of firms in the UK plan to reduce recruitment or not recruit at all over the next year, according to an annual...

The times they are a-changing

Bob Dylan’s immortal words couldn’t be more accurate in this day and age as many of us are having to learn new skills and...

Related news

Double director appointment for Town Centre Securities

Town Centre Securities (TCS) has made two key senior appointments in its property team. The Leeds-based property investor and car parking operator has promoted Helen...

York hotel plan gets go-ahead

A new hotel is to be built on Micklegate in York, after planning approval was granted by just one vote. The 62 bedroom hotel, with...

Hull’s Whitefriargate secures £1.75m grant from Historic England

Whitefriargate in Hull has received a grant of £1.75m from Historic England. Hull City Council was informed earlier this year that its funding bid, for...

Facelift planned for prominent Sheffield building

A planning application proposing a significant facelift to Sheffield's Gaumont building, located on the junction between Barker’s Pool and Burgess Street in the city...

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close