The Ministry of Defence has today confirmed the acquisition of Sheffield Forgemasters International Limited, with a further investment of £400m over the next ten years.
Roy Rickhuss CBE, General Secretary of Community, says:
“We welcome the acquisition of Sheffield Forgemasters by the Ministry of Defence. This move will secure Sheffield Forgemasters’ role as a critical supplier to the next generation of UK Defence programmes.
We know with the right framework of support our industry has a bright future at the core of a low carbon economy, so we are pleased to see some much needed investment going into Sheffield Forgemasters’ to provide long-term security.
We see this move as a recognition of the importance of the steel industry to our country’s economic future. The pandemic has showed us the danger of relying on fragile overseas supply chains, so we are pleased to see a viable future secured for Sheffield Forgemasters.”
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© Community Trade Union 2024