Tata to invest 800 mln stg in Welsh facilities

LONDON - India’s Tata Steel plans to invest up to 800 million pounds ($1.3 billion) in its facilities in Wales over the next five years, the First Minister of Wales, Carwyn Jones, said in a statement, after returning from a visit to India.

By (Reuters)

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Published: Mon 16 Apr 2012, 4:54 PM

Last updated: Tue 7 Apr 2015, 11:28 AM

Tata Steel has a number of facilities in Wales, and the release did not specify which would receive the investment.

In December, Tata said it would mothball its Llanwern processing mill in south Wales, citing weak demand for steel and a poor economic outlook.


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