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Tees steel is saved.

The news that all Teesside was waiting for finally arrive - Corus has been saved.

The news that the company had signed a 10-year deal to supply slabs to a consortium of overseas companies was the best Christmas present possible.

But it was not the only good news, for BT announced an investment at the Elocation base at Middlehaven which should help attract more firms on to the 250-acre site.

At the same time, UK Steel Enterprise opted to build an innovation centre at Queen's Meadow, Hartlepool, with room for 30 factories, while Gill Chapple, from Darlington, an accommodation booking specialist on won the Young Entrepreneur of the Year title at the NatWest Everywoman Awards.

Whessoe Oil and Gas of Darlington and the Dutch firm Volker Stevin won a joint contract to build a pounds 185m liquid natural gas terminal at Milford Haven.

Three Tees Valley firms, Brambles Foods, Ecco Finishing Supplies and Intelect (UK), were all named among the fastest-growing companies in the country.

But Armstrong World Industries warned about the future of the Thornaby factory.
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Title Annotation:Business Local
Publication:Evening Gazette (Middlesbrough, England)
Date:Dec 20, 2004
Previous Article:Warming the hearts of Tees business.
Next Article:Outrage.

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