Tata Steel Ltd.

BSE: 500470 | NSE: TATASTEEL
Large Cap | Steel & Iron Products
191.15
3.35 (1.78%)
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Tata Steel to invest in new manufacturing facilities in Netherlands

Date: 11-10-2012

In a bid to enhance production of specialised corrosion resistant steel, Tata Steel is planning to invest 12 million euros in new manufacturing facilities in IJmuiden, the Netherlands. The said plant will start operation in 2014.

Following this, the company will improve its market position as a supplier of high-quality products for sectors like the automotive industry. The extra finishing capacity will also enable the company to increase its volume of cold-rolled products.

The company has invested the same as a part of ‘The Best Steel for Tomorrow’ programme, which will help the company becoming one of the world's leading steel producers by investing, growing and cutting costs.

Tata Steel, the flagship company of the Tata group is the first integrated steel plant in Asia and is now the world`s second most geographically diversified steel producer and a Fortune 500 Company.