EMR is upgrading its facilities at Tilbury Dock and investing around £3m in improved loading equipment.
The announcement comes as the metal recycler has signed a 25-year lease with the Port of Tilbury, one of four deep-sea export facilities that EMR operates in the UK.
The site acts as an export hub for the company’s depots around London, and handles more than a million tonnes of UK-produced scrap metal, mainly iron and steel, every year.
The processed scrap is loaded on to vessels that can carry up to 42,000 tonnes and is transported to destinations such as India or South Korea.
Bob Garwood, EMR’s UK chief executive, said: “The investment we are making in upgrading the facilities will help to ensure that the site is competitive and has the capacity to meet the needs of the group for the next 10 years.”
Peter Ward, senior asset manager from the Port of Tilbury, praised EMR for its commitment to remain on the site.
“This announcement is great news for both EMR and the Port of Tilbury. We have a strong relationship with EMR, and we are delighted that this will continue through this new lease agreement. This investment is a significant indicator of the position Tilbury has as a major deep-sea port for the south-east of the UK.”