BRADBURY, England — Bradsham, the world’s largest manufacturer of steel, has agreed to close its factory in England and move its operations to China, according to the company’s chief executive.
Bradsham’s factory in Wiltshire, England, has been on the market since 2013.
It employs around 7,000 people and produces steel products for more than a dozen European nations.
It was closed in 2019 and is being replaced by a new facility in Guangzhou, China.
Bradesham, which has about 8,000 employees, had planned to open a factory in Wales.
The company’s board voted to close the factory in 2019, but said the new facility would open in 2021.
Brasses &Co., a Chinese steel producer, will be the first new employer in the UK since 2011, and will make parts for the new plant, according the British steel producer’s website.
Bradbury is the world leader in high-strength, high-quality steel.
The brand, founded in 1883, has produced more than 100 million tonnes of steel products and more than 2 million trucks, according an official company website.
It is the largest steel company in the world, with a turnover of more than $3.2 billion.
The factory, which was previously the headquarters of the Bradsons of England and Wales, was shut down in 2019 to focus on new projects in China.
The company said in a statement that the new factory in Guangdong will produce steel for “a broad range of products, including components for cars, aircraft and consumer goods, as well as automotive parts.”