Tata Steel Ltd.

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Large Cap | Steel & Iron Products
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Tata Steel likely to invest Rs 500 crore in UK's Hartepool unit

Date: 05-08-2011

Tata Steel, the world's seventh-largest steelmaker likely to invest over Rs 500 crore at its Hartlepool mill in the United Kingdom to enhance the welding and material handling capability. To improve the quality of the finished product as well as customer service the company will also utilize the investment on new cranes, handling equipment and storage at both mills. This investment will help the company to retain its position as a world-leading supplier of pipes and tubes.

The investment forms a critical component of the company's five-year plan to increase the productivity and cost effectiveness of the Hartlepool plants. At the mills preparatory work has already begun, and the installation and commissioning of the new plant and equipment is scheduled for the first six months of 2012.

Recently, Tata Steel launched a campaign 'Values Stronger than Steel’. Through this campaign the company eyed at reaching out to the citizens to reinforce company's image as cutting edge, global major dedicated to social, economic sustainability, green-technology and community empowerment.