Business Secretary Kwasi Kwarteng
Building on the UK government’s ongoing dialogue with the steel industry about how best to decarbonise the sector, Business Secretary Kwasi Kwarteng co-chaired the latest UK Steel Council meeting today (19 May), along with the Chair of UK Steel, Luis Sanz. Representatives from the 6 major steel companies in the UK, trade unions and the devolved administrations were also in attendance.
At the meeting, the Business Secretary underscored the UK government’s commitment to working in partnership with the steel industry to support its transition to a competitive, sustainable and low carbon future, while acknowledging the scale of the challenge.
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.
Tata Steel to rejig Corby tube plant in UK
April 15, 2021
The project is funded through sale of surplus land, savings
Tata Steel is transforming its Corby steel tube making site in the UK’s East Midlands to give the business the best chance of a strong future.
Work has started at the 150-acre site which produces vital products for everything from sports stadium and iconic skyscrapers such as the Shard in London to hospital beds and renewable green energy schemes around the world. Workers at the site produce steel tube products from steel made at the company’s Port Talbot works.
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Tata Communications: The government said it will sell up to 16.12 per cent stake in
Tata Communications through an Offer for Sale starting on Tuesday at the floor price of Rs 1,161 per equity share. As part of its exit plan from Tata Communications, the government is initially offering to sell up to 2.85 crore equity shares representing up to 10 per cent of the total paid up equity share capital of the company.
Tata Steel Europe sees top-level resignations
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Tata Steel Europe’s executive committee has shrunk following the recent resignations of chief commercial officer Karl Haider and executive director of human resources Tor Farquhar as the search continues for a buyer.
Agencies
Tata Steel Europe’s executive committee has shrunk following the recent resignations of chief commercial officer Karl Haider and executive director of human resources Tor Farquhar as the search continues for a buyer. Chief executive officer Henrik Adam and chief financial officer Sandip Biswas have been given additional charge of these roles. Chief technical officer Ernst Hoogenes, who is retiring, may not be replaced, officials said.