Corus deal will get Teeside's heart beating again, says Swales
August 27, 2010 12:54 PM
Originally published by UK Liberal Democrats
Originally published by UK Liberal Democrats
Corus and Thai steel company SSI have signed a Memorandum of Understanding for SSI to buy the Teesside Cast Products plant from Corus.
Liberal Democrat MP for Redcar Ian Swales said:
"This is absolutely terrific news and something I have been tirelessly working towards since being elected in May.
"I am thrilled this deal has been done and that we will be bringing steel making back to Redcar. This will get Teesside's heart beating again.
"This deal is the culmination of thousands of hours of hard work by Corus and SSI, with great support from both the trade unions and politicians. Vince Cable and his team have done all they could to help facilitate this deal coming to fruition and I am grateful for their support.
"When I visited SSI in Thailand this May, I was impressed with their operation and people and saw the clear need that they had for the TCP output. Since then my regular contacts with SSI, Corus and Tata made me quietly confident that this day would come. However, such deals are complex and it was always going to take some time to agree the many issues involved.
"This is fantastic news for the area and will bring back the much needed jobs. When added to recent announcements and other potential projects, it looks as though Teesside has at last turned the corner from a very long period of industrial decline."
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