HUGE FUSION
BRITISH STEEL-MAKERS
FIFTY MILLIONS CAPITAL.
WORLD RIVALS CHALLENGED.
(Times Cable.)’ (Received 9 a.m.) LONDON, December 18,
A big development in the British, steel industry ds signalised by the registration of the English Steel Corporation, Ltd, which, is to acquire certain parts of the business and works of Vickers, Limited, Armstrong, Limited, and Cammell-Laird, Limited, and ‘‘to carry on the business of engineers, dironniasitjers, founders, steeljmakers, and manufacturers of armour plate.” It is specially, agreed that the new company does not make guns, gun mountings, armoured cars or tanks. The new company acquires from Vickers-Armstrong three works at Sheffield, and one at Manchester, also a plant at Elswick; from Vickers, it acquires one plant at Manchester j and from 'Cammell-Laird itwo works at Sheffield, also the Yorkshire iron and steel works. I
Another agreement merges Vickers and the Cammell-Lnird rail, carriage, and waggon building, works at Ili-'ch-ens.
The chairman of 'Cammell-Laird’s, in an interview, expressed the opinion that the merger would have farreaching developments. He .said it was the first step towards the reorganisation of the Home steel industry and should enable Britain to compete with all rivals on the world market.
The total capital of the companies concerned in the merger is nearly £50,000,000.
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Bibliographic details
Northern Advocate, 20 December 1928, Page 5
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206HUGE FUSION Northern Advocate, 20 December 1928, Page 5
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