British Steel in landmark partnership with Materials Processing Institute
The Materials Processing Institute has signed a landmark contract with British Steel, the UK’s second largest steel producer.
The multimillion-pound contract, signed on 17 June, 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 which acquired Tata Steel’s Long Products business. It has four principal sites, at Teesside, Scunthorpe, Hayange and Skinningrove.
Teesside-based Materials Processing Institute 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 Materials Processing Institute 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 Materials Prcessing Institute, 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.”
30 June 2016
