Tata Steel unveils multi-million-pound plan for tube making site in UK
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Last Updated: Apr 15, 2021, 05:59 PM IST
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Synopsis
Under the transformation plans, manufacturing processes on the site will be brought closer together as part of a 25-million pounds scheme which is being paid for in part with the sale of land freed up by the changes as well as savings from operational improvements.
The Tata Steel Group, with an annual crude steel capacity of 34 million tonnes, is among the world s most geographically-diversified steel companies.
Tata Steel on Thursday unveiled its transformation plans for a steel tube making site in the UK s East Midlands, which the Indian steel major said will give the business the best chance of a strong future.