Business Tel 2106 June - updated

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Humber Gateway beats expectations

Gas and the energy mix of the future

see page 3

Seafood giant’s new director welcomed

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see page 20

British Steel flags up supply chain intentions by Dave Laister Business Editor

“When working on a European level, sometimes the local element can get missed. That’s an opportunity for us; we are much better able to make the most of being a significant local player, as opposed to a large company in Europe.�

dave.laister@gsmg.co.uk

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RITISH Steel bosses believe the new-look company will emerge as a leading force in the regional economy once again. A focused, smaller-scale operation headquartered in Scunthorpe, will be capable of maximising opportunities provided by a local supply chain, it has been stated. Commercial director Peter Hogg, in a first in-depth interview following the purchase of the long products business by Greybull from Tata Steel, has told how there are definite advantages to leading the business from northern Lincolnshire. Reflecting on the handover, with the flag-raising ceremony earlier this month adding to a sense of history in the making, he told how supplier and customer involvement was vital. He said: “It was a day like no other, a really good feeling. “The most evocative part for me was when we raised the flags, the two new British Steel flags. We had the longest serving employee on one, and one of the youngest apprentices doing the other. Both started as mechanical apprentices, just 44 years apart. It was something quite special.� And who witnessed it was key. “We had about 200 guests with us, a whole range of people, including the MP Nic Dakin and our high profile guest, Business Secretary Sajid Javid,� Mr Hogg said. “For us, it was important to have the customers and suppliers there. They are the people who got us to where we are, as well as our employees and the trade unions. Not every supplier or every customer was there, but they were represented, and they have stuck with us, they had a sense of belief in the business in quite difficult times, and it is great for them, as well as us, to see where we have

Peter Hogg

Your daily port of call for regional business news

A DAY LIKE NO OTHER: The flag-raising marked the transfer. got to. Our message was that we are grateful for the support given and that we now look forward and develop together. It was a great occasion, and for us, there is a lot to build on.� The £400 million financing package raised by Greybull will now provide a mix of working capital – as it secures raw material

to actually manufacture the steel – and investment support, to ensure the huge works are fully capable. Keen to stress the importance of driving cost efficiencies in the new era, Mr Hogg said: “The work we have done with suppliers in the last six months really shows us we can engage with them and work with them, and we can end up

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with a much better outcome. “The good news is we are here for suppliers who work with us. There is opportunity too. We are now looking a lot more on a regional level. “We want local suppliers and national suppliers to recognise that.� � Turn to page four.

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