#Tata Steel


Tata Steel announces closure of UK factory

Tata Steel announced that it had clinched the sale of a Canadian and Swedish plant as part of its worldwide Cogent Electrical Steels division but has been unable to find a way forward for the Orb Electrical Steels plant.

Liberty House frontrunner to acquire Tata businesses in the UK

United Kingdom: The British media have reported that Liberty House has emerged as a frontrunner to acquire Tata Steel’s up for sale businesses in the UK, having tabled substantial cash offers for Tata’s speciality steels and tube pipe businesses.

Liberty to bid for Tata’s UK business

United Kingdom, London: Liberty House plans to submit a formal bid to buy Tata Steel’s UK assets, including the Port Talbot works employing about 4,000 people.

Tata Steel sells most of its European assets

United Kingdom, London: Following its earlier announcement of the decision to sell its poorly performing business in the U.K., India’s Tata Steel has sold its long products business assets in Europe to investment firm Greybull Capital.

Tata Steel starts sales process for UK plants

United Kingdom, London: Tata Steel is beginning the formal process of selling its loss-making UK steel empire today, inviting potential buyers to submit offers, reports Sky News.

Tata Steel Europe CEO steps down; new CEO appointed

United Kingdom, London: Tata Steel announced that Karl Koehler, the Chief Executive Officer of its overseas branch Tata Steel Europe, has resigned, and CTO Hans Fischer has been appointed as its new chief.

Government promises support for British steel producers

United Kingdom, London: After Tata Steel’s workers headed to Westminster to lobby British parliamentarians ahead of a House of Commons debate on steel industry, the government has pledged to help the struggling British steel industry compete with foreign rivals by backing measures which include lowering of energy costs and reducing business rates, according to The Guardian.