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Fairwood Fabrications, based in Port Talbot , has gone into liquidation.

A statement issued today confirmed that production ceased at its Llewellyn Quays site on July 8 and the 66 remaining employees have been made redundant.

In total, 250 workers at the engineering company have been made redundant since January.

The Tata Steel supplier has been battling financial problems since January, according to BBC Wales.

It reported earlier in the year that the company approached the Welsh Government asking for £250,000 to help it restructure into a smaller operation, but that money was not agreed.

Fairwater Fabrications was started by chairman Gherold Davies' father 37 years ago and Mr Davies described its closure as "like a death in the family".

Mr Davies said the financial problems were related to the steel industry turmoil but also the delays with the Swansea Bay Tidal Lagoon.

On its website the company says it is "one of the largest privately owned employers in the area".

Sandra McAlister and Simon Barriball of McAlister and Co have been appointed as the proposed Liquidators of Port Talbot-based manufacturer Fairwood Fabrications Limited.

Sandra McAlister said: “This is a disappointing blow, particularly for the employees who have been made redundant.”

Any parties interested in acquiring the business and assets should contact Sandra McAlister at McAlister and Co.

Fairwood was established in 1979 with a proud history of serving the steel industry in South Wales, and developed into a quality provider of fabrication engineering and pipework services.

A Welsh Government spokesman said: "This is sad news for Port Talbot, and especially for the workers and their families."

He said the Welsh Government had been in discussion with Fairwood Fabrication "for some months regarding their position" and provided support "where possible".

The spokesman added: "Fairwood approached Welsh Government in June for £200,000, however we felt unable to provide further financial support given the information provided by the company."

Just three years ago the company was in WalesOnline's Fast Growth 50, the annual list of the fastest growing firms in Wales.

Then, it had achieved 89.7% growth over two years.

This is how we described it at the time:

"The company carries out all types of steel fabrication and installation as well as specialist pipework and precision engineering.

"It started in 1979 and has expanded over the years, moving twice, first in 2000 to a 10,000 sq ft workshop employing 100 personnel and then to its current 28000 sq ft premises to employ up to 250 people.

"The company has the capacity and capability to deliver most fabrication and heavy engineering projects and has been involved in the manufacture and erection of steel buildings, access platforms, bridges, tanks and vessels and bespoke fabrications.

"They have recently been awarded the renewal of maintenance contracts in three areas within Tata Steel and have also set up a new structural division.

"This has served to complement the firm’s precision engineering and pipework services that are also long established and provide services to the automotive, aerospace, marine and steel industries."

There will be a meeting of creditors next week in Swansea.