Tata Steel

Tata Steel

Tata Steel is the world's fifth largest steel company. It is based in Jamshedpur, India.

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Tata-Steel at night

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Tata-Steel at night

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From:   www.afp.com
Indian-owned steelmaker Corus said on Friday it was cutting 1,700 jobs at a plant in Teesside after failing to secure a buyer for one of the country's biggest steel plants. Corus, which has already shed about 6,000 jobs in Britain and the Netherlands since the start of the year owning to the global economic downturn, said that the latest cuts would occur at its Teesside plant. "An international consortium's breaking of a binding contract has led Corus to partially implement the proposal announced in May 2009 of mothballing some of the facilities belonging to the Teesside Cast Products (TCP) business in northeast England," Corus ... Read Full Story
Written by pcorp2008 on
LONDON (AFP) -- Steelmaker Corus, owned by Indian interests, said on Friday it was cutting 1,700 jobs at a plant in Britain after running into a dispute with a consortium over a major contract. Corus, which has already shed about 6,000 jobs in Britain and the Netherlands since the start of the year owning to the global economic downturn, said that the latest cuts would occur at its Teesside plant in northeast England. "An international consortium's breaking of a binding contract has led Corus to partially implement the proposal announced in May 2009 of mothballing some of the facilities belonging to the Teesside Cast ... Read Full Story
Written by Joycebabu on
Corus, the European arm of Tata Steel, said Friday it will cut 1,700 jobs and partially close a plant in Britain's Teesside region in the new year. The decision by the Anglo-Dutch company follows the failure of four international buyers to purchase 80 percent of the Teesside Cast Products plant's production for 10 years. The facility will close by the end of January. The job losses are 600 fewer than previously feared, and Corus will continue to employ about 2,000 people at its other operations in the Teesside area of northeast England. Corus Chief Executive Kirby Adams said: "This is the last thing we ... Read Full Story
From:   www.afp.com
India's Tata Steel, the world's eighth-largest steelmaker, reported Thursday it swung to a consolidated quarterly net loss from a profit a year earlier, hit by lower prices. Tata Steel's consolidated net loss for the three months to September totalled 27.07 billion rupees (582 million dollars) compared to a net profit of 47.71 billion rupees a year earlier, a company statement said. The company, part of the sprawling Tata Group conglomerate, was catapulted to eighth-biggest steelmaker from 56th after purchasing Anglo-Dutch company Corus for 13.7 billion dollars two years ago. Corus accounts for over two-thirds of Tata Steel's production. Last year, Corus cut output capacity ... Read Full Story
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General Chat : Tata Nano Hybrid In The Works Stats : 1 Post Read Full Story
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"This is the first big step that the Indian industry has taken in the international marketplace and equipped itself as a global player.  The underlying driver for the acquisition was that, if you are hungry for growth, you look at national and overseas boundaries."
  -  Rata Tata, patriarch and chairman of the Tata Group


"The Corus acquisition fits in with Tata Steel's strategy of achieving global reach in Europe and synergies with low-cost intermediaries in India."
  -  Tata Group spokesperson a press conference in Mumbai on Jan. 31

Source: http://www.msnbc.msn.com/id/16924629/

London: Corus Group, the European unit of India’s Tata Steel, will mothball the blast furnace and some coke ovens at its Teesside plant in Britain and cut 1,700 jobs after a group of four customers stopped buying metal.  
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Tata Steel's European arm Corus today said it will halt operations at some of its facilities at its Teesside Cast Products (TCP) business in the UK by next month, rendering as many as 1,700 people jobless.  
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http://www.companiesandmarkets.com/Summary-Company-Profile/tata-steel-financial-and-strategic-analysis-review-188763.asp Tata Steel - Financial and Strategic Analysis Review Summary Tata Steel - Financial and Strategic Analysis Review is an in-depth business, strategic and financial analysis of Tata Steel. The report provides a comprehensive insight into the company, including business structure and operations, executive biographies and key...  
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Tata Steel is looking for joint venture partners to run its Teesside plant in England, according to Mr Kirby Adams, CEO of Tata-Steel Europe. The plant belongs to Anglo-Dutch steelmaker Corus, which Tata Steel acquired two years ago. The plant had run into trouble early this year after a consortium of buyers, which had committed to buy nearly 80 per cent of the Teesside plant output, terminated the contract. The loss before interest...  
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Linz, Austria, Since end of September 2009, the re-built blast furnace 'C' at Tata Steel Ltd´s Jamshedpur works India has been operating with Siemens new Simetal Gimbal Top charging systems. Tata Stee...  
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Corus Tubes, a subsidiary of Tata Steel, has gained American Petroleum Institute (API) 5LD accreditation for the manufacture of its corrosion-resistant clad pipeline at its Hartlepool 42in mill.  
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Turnover at TATA Steel Thailand was higher by 28% QoQ to INR 817 crores in Q2 as compared to Q1. EBITDA was up by 1960% QoQ to INR 82 crores in Q2. Finished steel production at TATA Steel Thailand for Q2 was higher by 17% QoQ to 0.31 million tonnes ...  
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Tata Steel is India's largest integrated private sector steel company. Established in 1907, its steel plant at Jamshedpur produces four million tonnes of hot and cold rolled flat and long products.

The company is backward integrated with owned iron ore mines and collieries. With its competitive advantage in raw materials, efficient operations and the benefits of a recently-completed $2.3 billion programme of modernisation, Tata Steel is among the lowest cost steel producers in the world.

The steel major has won the Prime Minister's Trophy four times. This award is instituted by the Indian ministry of steel and awarded to the country's best integrated steel plant. In 2000, it became the first Tata company to win the JRD Tata QV award, given to the company with 'world class' operations under the Group's Tata Business Excellence Model.

Source: The Tata Group

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