Kirby Adams in visit to Redcar Corus site
CORUS managing director and chief executive Kirby Adams was on Teesside today - as work continues to secure a takeover deal with SSI.
Thailand’s biggest steel producer has announced plans to acquire the Teesside Cast Products operation after signing a memorandum of understanding with Corus last week.
Briefings with the 700 staff still employed at the TCP site are now under way with hopes the deal can be completed “sooner rather than later”.
Mr Adams, who announced the proposed deal with SSI on Friday, is at the Redcar site as part of his tour of UK sites.
On announcing the proposed deal last week he said: “We are very pleased to announce this significant progress in our long- held objective to sell the TCP assets to a strategic industry investor.
“This is the first of several steps required to reach a definitive sale agreement in the coming months which, with the anticipated co-operation of government, employee representatives and the North-east community, should result in the restart of steelmaking on Teesside in the first half of 2011.
“Having known SSI for the past 10 years, I am confident that our collaborative efforts in the period ahead will provide a more sustainable business for the people of Teesside.”
See tomorrow’s Evening Gazette for an exclusive interview with Kirby Adams
