New Chair of the PortTalbot Enterprize Zone Given Role Assessing Bids INTATA Sell-Off

Western Mail (Cardiff, Wales), April 5, 2016 | Go to article overview

New Chair of the PortTalbot Enterprize Zone Given Role Assessing Bids INTATA Sell-Off


Byline: Sion Barry Business Editor sion.barry@walesonline.co.uk

WORLD.LEADING investor in technology start-up firms and expert in the steel sector Roger Maggs has been appointed chairman of the new PortTalbot Waterfront Enterprise Zone.

His appointment comes as the Welsh and UK Governments reaf-firmed their commitment to support any buyer or buyers for Tata's UK steel business, which employs 4,100 directly at its blast furnace operation in Port Talbot.

His deep understanding of the metal industry could prove invaluable in any sales process of Tata and the aim of creating a long-term viable future, under new ownership, for the steel industry in Wales and the UK.

Tata is expected this week to publish its sales document, with interest for the business already coming from a number of potential bidders.

The UK Government has con-firmed it is in early stage discussions with Indian commodities group Liberty House.

However, its managing director Sanjeev Gupta sees no future for blast furnaces at Port Talbot, but that the operation could be realigned, with government support, to import slab steel or recycle steel with new electric arc furnaces.

It is understood that Mr Maggs has been given a remit by the Welsh and UK Governments to get under the skin of the Tata business and assess any bids that come forward.

The Welsh Government has raised questions over whether Tata's Port Talbot plant is really losing PS1m a day, or whether its financial accounts are clouded by the fact that some sales are put through Tata's Dutch operation, which is not up for sale.

Welshman Mr Maggs is the founder, along with Sir Terry Mathews, of investment firm Celtic House Venture Partners - one of the world's most successful technology investment funds in terms of return on investment The enterprise zone was con-firmed following George Osborne's Budget last month and backing from the UK Treasury for the provision of enhanced capital allowances to businesses.

Business Minister Edwina Hart announced his appointment at a meeting of the Steel Task Force held in Cardiff yesterday.

Mrs Hart said: "The developments at Tata in Port Talbot are not only a major blow to the steel industry in Wales and the UK but will also have a knock-on effect for supply chain companies and the local economy. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

New Chair of the PortTalbot Enterprize Zone Given Role Assessing Bids INTATA Sell-Off
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.