Steel fabrication firm Mabey is to close its Bridge Infrastructure division at Chepstow.

The firm has also been forced to put its Renewables division and the Newhouse site up for sale.

In a statement the firm said: "We have not made these decisions lightly and we understand that this is a very difficult time for our people. Their welfare is an important concern for us and we will provide them with as much support as possible over the coming weeks.

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"A full consultation process will now be conducted with all those affected and we will provide them with as much information as possible. We are also committed to listening to their views.

"Regarding the Renewables division at the Newhouse site, we anticipate that a buyer can be found to provide the necessary investment to support this business in the long-term.

"Like many companies we are forced to consider every possible option to remain competitive in difficult times. The proposal follows a comprehensive review of the Mabey Bridge business."

(CD/IT)