A steel tubes factory in Blaenau Gwent is set to reopen next month - eight months after it went into administration.
Caparo Tubes in Tredegar closed in October with the loss of 17 jobs.
It was part of 452 jobs lost in the UK after administrators were called into Caparo Group.
New owners Liberty House - which is also bidding for Tata Steel UK's business - called the reopening "great news for the UK steel industry".
The factory, based on the Tafarnaubach industrial estate, will be supplied in future with hot rolled coil from Liberty Steel in nearby Newport rather than having to import it.
The factory was set up by Labour peer Lord Paul in 1977 as part of his Caparo group.
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