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| In December 2006, OneSteel and Smorgon Steel announced a proposal to establish a Joint Venture incorporating the Structural Pipe & RHS businesses with Smorgon's P&T facility. The formation of this Joint Venture allows OneSteel and Smorgon Steel to develop an improved supply and service offer to our pipe and tube customers.
The JV (Australian Tube Mills Pty Ltd) is a stand-alone company separate from both OneSteel and Smorgon Steel, with assets owned 50/50 by OneSteel and Smorgon Steel. Management and Directors have been drawn from both OneSteel and Smorgon Steel. [more] |
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April 5, 2007
The due diligence investigation and contractual negotiations referred to in the joint announcement of 20 March 2007 has been successfully concluded and formal agreements have been executed.
March 2, 2007
Australian Tube Mills, a 50/50 joint venture company by OneSteel Pipe & Tube and Smorgon Steel Tube Mills is thrilled to announce that we began our first full day of trading on Monday, 5 March 2007.” [more]
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