Everything about Richard Thomas And Baldwins totally explained
Richard Thomas and Baldwins Ltd (RTB) was a major
United Kingdom iron, steel and
tinplate producer, formed in
1948 by the merger of Richard Thomas & Co Ltd with Baldwins Ltd. It was absorbed into
British Steel in
1967. The business now forms part of
Corus, a subsidiary of
Tata Steel.
Richard Thomas & Co
Richard Thomas & Co Ltd was an iron, steel and tinplate producer and colliery proprietor. The founder, Richard Thomas (died
1916), leased the
Lydbrook tinplate works in
Gloucestershire in
1871 and from
1876 also leased the
Lydney tinplate works. He went on to acquire local collieries and in
1888 the Melingriffith works near
Cardiff. Richard Thomas & Co, in which Richard was succeeded as managing director by his son
Richard Beaumont Thomas in
1888, became one of the principal tinplate manufacturers in the country. The Ebbw Vale Steel, Iron & Coal Company was taken over in
1936 and a new steel plant and strip mill was erected in the town.
Baldwins
Baldwins Ltd began as E., P. & W. Baldwin, ironfounders of
Stourport. In
1870 Alfred Baldwin bought out his relatives to become the sole proprietor of the firm, but continued to trade under the old name. In
1888, he brought his 21-year-old son
Stanley Baldwin, afterwards Prime Minister of the
United Kingdom into the business. The firm was incorporated as E. P. & W. Baldwin Ltd in
1898, and gradually acquired a number of tinplate works, mainly in south
Wales.
Richard Thomas & Baldwins
In
1948 RTB introduced the first continuous tinning line at its
Ebbw Vale tinplate works.
In
1951 RTB was
nationalised and placed under the
Iron and Steel Corporation of Great Britain. Under
Conservative rule in
1953 it passed to the Iron and Steel Holding and Realisation Agency in readiness for privatisation. However, its size - it was the UK's largest steel company - inhibited its sale. It was still in public ownership when the industry was re-nationalised in
1967.
The major event during public ownership as a separate company was the opening in
1962 of the Spencer Steelworks at
Llanwern, a wholly-new plant on a greenfield site to the east of
Newport.
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