# British Steel invests £26 million in new Skinningrove facility for forklift profiles

British Steel announced a £26 million investment to construct new downstream processing facilities at its Skinningrove site in North Yorkshire, including cut-to-length lines, milling, machining and warehousing, to produce value-added profiles for the forklift industry. The project is part of a wider £100 million investment by Jingye Group.

- Type: Investment
- Announced: 2021-08-25
- Where: Skinningrove, North Yorkshire, United Kingdom
- Value: $36.0M (26.0M GBP)
- Status: announced
- Products: value-added steel profiles for forklift masts
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [British Steel](https://endata.com/companies/18188.md)
- [Jingye](https://endata.com/companies/39521.md) (investor)

## Sources

- [themanufacturer.com](https://www.themanufacturer.com/articles/british-steel-unveils-26m-investment-project-at-teesside-plant/), 2021-08-25: "This is an exciting project that will establish us as a leading manufacturer on the world stage."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.