Building DK Building SE Electronics DK Energy DK Food DK Food SE Metal Metal DK Metal NO Metal SE Retail DK Wood DK
 

Tata Steel Europe needs investment - Mr Ratan Tata

- By Charlotte Stubben

Tata Steel Europe (formerly Corus), needs investment and it can be planned only after the economic situation in Europe improves.

PTI quoted Mr Ratan Tata group chief of Tata Steel as saying that Tata Steel Europe (formerly Corus), needs investment and it can be planned only after economic situation in Europe improves.

He added that "Tata Steel Europe was performing in negative due to various reasons, including the prevailing economic conditions there and high cost of raw materials. Our European operations need investment. Let the economic condition improve there, which I hope would take place fast, and we will plan it out only after that."

Read more: Tata Steel Europe to cut output?

Tata's acquired Anglo Dutch steel major Corus in 2007 for over USD 12 billion. A year later, group company Tata Motors brought out iconic British luxury car brand Jaguar Land Rover for USD 2.3 billion.

Mr Tata said that "Tata group have spent millions to earn a brand name over the years and finally succeeded."

Write Comment
Sign up for our newsletter
Already 12 subscribers.
View the latest newsletter.
Follow us on:

See allNews from the companies

3 pieces of advice for your breathing air

January 28, 2015 12:00 AM
Ultrafilter Skandinavien ApS

A short article about our experience in breathing air and 3 good advices on how you might optimize your usage and possibly the production around your breathing air.

High´vacuum unit type HFU - NEW from V. Aa. Gram A/S!

January 26, 2015 10:59 AM
V. Å. Gram A/S

V. Aa. Gram A/S has designed the very compact and efficient high vacuum unit type HFU, which is very suitable as extraction unit and filter in connection with process extraction and cleaning.

Project excellence – a key success factor for AP&T

January 26, 2015 11:26 AM
AP&T

With a new project organization, AP&T has strengthened its ability to deliver complete sheet metal forming solutions with a focus on reduced cost of ownership for the customer.

January 21, 2015
January 19, 2015
January 16, 2015
January 15, 2015
January 12, 2015
January 9, 2015
January 5, 2015
December 19, 2014
December 17, 2014
December 16, 2014
December 15, 2014