The sale process will cover five business units:
- Cogent, a manufacturer and processor of electrical steels baed in Newport, South Wales, UK, Burlington, Canada, and Surahammar, Sweden
- Kalzip, an aluminium roofing and cladding business based primarily in Koblenz, Germany
- Firsteel which coats steel for kitchen bakeware based in Walsall, West Midlands, UK
- Tata Steel Istanbul Metals, a coil coating company using steel bought on the open market, based in Adapazari, Turkey
- Engineering Steels Service Centre (Wolverhampton) which is a stockholder and processes engineering steels, based in Wolverhampton, West Midlands, UK
As a responsible seller Tata Steel is committed to seeking the best and most sustainable future for all the businesses.
Following the potential sale of these business units, which employ a total of 1,100 people, Tata Steel Europe would continue to employ about 20,000 people manufacturing advanced products for the automotive, construction, engineering and packaging sectors.
(Source: Tata Steel)