25 March 2011

Astonishing progress is being made on a stunning new steel processing plant and distribution facility for Parker Steel at Shoreham Port.  A giant storage and processing shed is rapidly growing out of the ground to join the three giant 37-metre span gantry cranes on our Fishersgate Terminal.  The main workshop in the building, at three and a half acres will be one of the largest single rooms on the south coast.

Parker Steel chose Shoreham Port as the location for their facility as the dockside location, efficient port management and fine infrastructure offers extensive efficiencies for the import, processing and delivery of their steel products direct to their customers.

The 800 Tonne framework of the £10 million building is now under construction and the entire building will be completed and fitted out with cutting, drilling and shot blasting plant by late spring 2012.  The new building will create up to 200 new jobs once it is up and running.

Rodney Lunn, Chief Executive of Shoreham Port commented, we are delighted to see the Parker Steel facility getting underway, as this will provide a significant boost to the local community in terms of jobs. NatWest bank have supported us in this exciting project and we have worked closely with their Brighton Commercial team to secure the loan.

Gary Chown - Relationship Director for NatWest Brighton Commercial Banking said, we are very pleased to be supporting local businesses like Shoreham Port, which have a sound business plan and will be providing opportunities for the wider community. This is an exciting project that will create a tremendous facility for Parker Steel at the Port and further evidences the Port's commitment to continue to develop the Port for the benefit of all of its stakeholders.