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Corus begins mothballing

Corus Teesside Cast Products plant is beginning the mothballing process today after failing to find a long-term solution to rescue it.Responding to rumours of a possible eleventh hour bid Corus said: There has been speculation about potential last-minute bidders for the plant. Corus' position remains unchanged. This is a mothballing, not a permanent closure. TCP will be kept ready for a restart. Corus remains open to credible offers for TCP.The ...