Building DK 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
Popular Articles

Sign up for our newsletter
Already 11,561 subscribers.
View the latest newsletter.
Follow us on:

See allNews from the companies

AP&T to demonstrate press hardening at BLECH China 2014!

April 10, 2014 4:48 PM
AP&T

There will be strong focus on press hardening when AP&T exhibits at BLECH China 2014 in Suzhou May 7-9.

Huge - Machine Tool Auction

April 10, 2014 12:00 AM
Stig Bindner Machine Tools Plc.

Trumpf laser cutter, Trumpf turret puncher, Amada CNC-press brakes and much more.

The operating mode selector switch PITmode - two functions in one compact unit

April 10, 2014 10:59 AM
Pilz Skandinavien K/S

Assign the right operating mode and access authorisations to each machine tool with PITmode from Pilz.

April 8, 2014
April 4, 2014
April 3, 2014
April 2, 2014
April 1, 2014
March 28, 2014
March 27, 2014