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Tata Steel signs sales pact with Liberty House Group

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Capital Market

For sale of its Hartlepool SAW pipe mills

Tata Steel announced that it has signed definitive sale agreement to sell its 42-inch and 84-inch pipe mills in Hartlepool to Liberty House Group.

The sale agreement covers the 42-inch and 84-inch pipe mills, also known as Submerged Arc Weld (SAW) Mills where about 140 employees manufacture pipeline for gas and oil projects around the world. The two mills are fed with steel plates sourced from outside Tata Steel, so the mills are independent of the Company's strip products supply chain.

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First Published: Jul 11 2017 | 6:41 PM IST

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