An Indian-origin tycoon has made British steel history by resuming production at his 40-year-old mothballed plant here even as the UK steel industry is facing severe hardships due to a global slump.
Sanjeev Gupta, managing director of international steel and metals group Liberty House, hailed the resumption of production at the Liberty Steel Newport rolling mill on the banks of the river Usk in Newport as the start of a new era.
UK-based Gupta founded Liberty as a metals trading company from his student flat at Cambridge University in 1992.
The firm acquired the Newport facility in 2013 and retained the 150 staff over the intervening period in order to be ready to restart when market conditions allowed.
Read full Economic Times report
Sanjeev Gupta, managing director of international steel and metals group Liberty House, hailed the resumption of production at the Liberty Steel Newport rolling mill on the banks of the river Usk in Newport as the start of a new era.
UK-based Gupta founded Liberty as a metals trading company from his student flat at Cambridge University in 1992.
The firm acquired the Newport facility in 2013 and retained the 150 staff over the intervening period in order to be ready to restart when market conditions allowed.
Read full Economic Times report
No comments:
Post a Comment