Tatas Complete Sale of 2 UK Pipe Mills to Liberty
Kolkata: Tata Steel UK has completed sale of its submerged arc weld (SAW) mills in Hartlepool to metals group Liberty House.
The deal includes sale of the 42-inch and 84-inch pipe-making mills, which employ abo- ut 140 workers, the company said in statement issued on Tuesday. The two mills are fed with steel plates sourced from outside Tata Steel, and hence, independent of the company’s strip products supply chain.
Tata Steel did not disclose the size of the deal. However, even as it concluded the sale of the two pipe mills, Tata Steel is po- ised to make a £1-million investment as part of a plan to retain and strengthen its 20inch tube-making mill, which employs around 270 employees at the same Hartlepool site.
The facility manufactures pipes for a range of markets and the proposed investment will increase its capability to make high-strength steel tubes.