Thamesteel plant to reopen

A steel plant on the Isle of Sheppey in Kent has been bought out of administration this morning and is to re-open "in the near future"

View all 4 updates ›

New jobs for Sheerness as steel plant is bought

Thamesteel plant on the Isle of Sheppey Credit: ITV Meridian

The former Thamesteel plant at Sheerness on the Isle of Sheppey has been sold out of administration to a new company. The administrators say it means steel production will be able to recommence at the site "in the near future".

They also say "a large number of jobs" are likely to be recreated, to replace those that were lost when the plant shut down on January 25th. Hundreds of people were made redundant at the time.

The shutdown cost the local economy more than a million pounds a week; more than a fifth of the local population are employed in manufacturing.

More top news