Fri, Jan 27, 2017
Tata Steel's UK steel unit pension scheme deficit is set to ballon to 1-2 billion pounds ($1.25-$2.5 billion) and Britain`s largest steelmaker believes it could face insolvency unless a way can be found to tackle it.
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Thu, Dec 08, 2016
Koushik Chatterjee, Group Executive Director Tata Steel and Executive Director for its European business said: “The delivery of Tata Steel UK’s transformation plan and generation of free cash flows will be the key enabler for the future sustainability of the business and we are very encouraged by the early signs of the delivery of the plan."
Tue, Nov 29, 2016
The company said, "“The letter of intent covers several South Yorkshire-based assets including the Rotherham electric arc, steelworks, the steel purifying facility in Stocksbridge and a mill in Brinsworth as well as service centres in Bolton and Wednesbury, UK and in Suzho and X’ian, China. Speciality Steel employs about 1,700 people making steels for the aerospace, automotive and the oil and gas industries.”
Mon, Nov 28, 2016
Tata Steel UK on Monday announced the signing of a ‘letter of intent’ with Liberty House Group for the potential sale of its Speciality steel business for an enterprise value of 100 million pounds.
Mon, May 23, 2016
Tata is aiming for the end of June to complete the sale.
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