Tata Steel has announced a £12 million investment in its tube-making works in Corby, following the sale of redundant land on the west side of the works.
The transaction, facilitated by Warmflame Developments (WD), involves a 99-acre site, equivalent to about 62 football pitches.
This land will be developed into a fully-serviced logistics hub by a leading real estate developer.
Gary Blackman, Tata Steel’s Works Manager for Corby said: “The sale of the old West Works land will now fund the regeneration and development of one of our warehouses on the East Works into a world-class complex of offices, stores and engineering workshops, and upgrade one of our tubes finishing lines.
“It is a hugely exciting time to be involved in steel at Corby – we aim to be the country’s first net zero steel factory.”
Copyright © 2024 Energy Live News LtdELN