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Tata Steel Europe starts sale process for five business units

Tata Steel Europe has recently conducted a detailed portfolio review of all its businesses to assess the strategic fit and the future potential. Based on the above review, Tata Steel Europe has begun a process of seeking buyers for business units which supply products to niche markets, allowing the company to continue to strengthen its focus on strategic strip products and markets.

von | 09.05.18

Tata Steel Europe has recently conducted a detailed portfolio review of all its businesses to assess the strategic fit and the future potential. Based on the above review, Tata Steel Europe has begun a process of seeking buyers for business units which supply products to niche markets, allowing the company to continue to strengthen its focus on strategic strip products and markets.
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)

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)

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