Tata Steel enters into sale agreement with Liberty House Group
DSIJ Intelligence / 11 Jul 2017
In order to sell its 42-inch and 84-inch pipe mills in Hartlepool to Liberty House Group Tata Steel UK has entered into a definitive sale agreement.
In order to sell its 42-inch and 84-inch pipe mills in Hartlepool to Liberty House Group Tata Steel UK has entered into a definitive sale agreement.
The sale covers the 42-inch and 82-inch pipes mills, also known as Submerged Arc Weld (SAW) mills, where about 140 employees manufacture pipeline for gas and oil projects around in the world.
Tata Steel will retain its 20-inch tube mill at the Hartlepool site. The 20-inch mail makes tubes for a range of markets, including construction, infrastructure and machinery.
The 20- inch mill is supplied with steel coils from Tata Steel’s European steel works and is a part of its strip products supply chain.
To further strengthen the 20-inch mill, Tata Steel will be making Euro 1 million investment to increase its capability to make high strength steel tubes.