With virtually every other asset sold, LTV Corp. plans to reorganize its Copperweld operations as a stand-alone company. An agreement in principle to sell the LTV Tubular products plants to Maverick Tube the Copperweld operations as the core of the bankrupt firm. A restructuring plan is being prepared by LTV's management and creditors, to present to the bankruptcy court overseeing the Chapter 11 proceedings. The Copperweld division has 17 plants in Canada, the U.S., and Great Britain, and it is North America's largest producer of welded steel tubing. It also manufacture bimetallic wire goods.
NSTL
