OREANDA-NEWS. March 25, 2011. The sale of Teesside Cast Products (TCP) to Sahaviriya Steel Industries UK Ltd and Redcar Bulk Terminal Ltd was completed. The transfer of ownership took place at 6pm GMT.

A formal handover ceremony will take place tomorrow morning at TCP. This event will be attended by members of the Teesside community, local MPs and councillors, the media and other key stakeholders, including employees of all three companies that will continue to operate on the site (Tata Steel, SSI and the Tata Steel/SSI joint venture, Redcar Bulk Terminal Ltd). Senior executives from Tata Steel and SSI will address the event.

Tata Steel would like to extend its best wishes for the future to its new neighbours, SSI and RBT, and all of their employees.