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`No buyer for steelworks'.


STEELWORKERS faced continued job uncertainty following an announcement today that Allied Steel and Wire had failed to find a buyer over the weekend. ASW ASW Antisubmarine Warfare
ASW Approved Social Worker
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ASW Australian Standard White (wheat) 
, which employs more than 1,000 people in Cardiff and 300 in Kent, announced on Wednesday it was to go into administrative receivership as it could not rely on continued support from banks.

Accountancy firm KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm)
KPMG Kaiser Permanente Medical Group
KPMG Keiner Prüft Mehr Genau (German)
KPMG Kommen Prüfen Meckern Gehen
 was appointed as the official receivers.

KPMG corporate communications spokeswoman Judith Dow said: ``We are still taking calls. There may be a more detailed announcement later today.''

Assembly First Minister Rhodri Morgan yesterday blasted property developers, who have inundated KPMG with inquiries about buying the land.

He said he was disgusted the opportunist op·por·tun·ist  
n.
One who takes advantage of any opportunity to achieve an end, often with no regard for principles or consequences.



op
 businessmen and women had acted in this way while there is still hope the 68acre Castle Works site, in East Moors Road - worth pounds 17m - could be saved.
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Publication:South Wales Echo (Cardiff, Wales)
Date:Jul 15, 2002
Words:141
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