New owner of Tata Steel Projects heading back into profit

New owner of Tata Steel Projects heading back into profit
 

THE company that acquired Tata Steel Projects in Workington has announced it is on track to return to profit in this financial year.
Private equity firm Greybull Capital acquired Tata Steel's long products division in June, and revived the British Steel for the business.
The firm marked 100 days since the deal by announcing it had completed the first stage of a turnaround plan that includes efficiency and cost-cutting measures, 270 new employees and a £50m capital investment.
As well as the Workington operation, which now trades as TSP Engineering, the business includes Scunthorpe... read more

 
29 September 2016 in Regional North West , Views: 26
Source: News & Star
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