Tata Steel

Topics: Steel, Corus Group, Iron ore Pages: 5 (1335 words) Published: August 20, 2013
Introduction
Backed by 100 glorious years of experience in steel making, Tata Steel is among the top ten steel producers in the world with an existing annual crude steel production capacity of 30 Million Tonnes Per Annum (MTPA). Established in 1907, it is the first integrated steel plant in Asia and is now the world`s second most geographically diversified steel producer and a Fortune 500 Company. Tata Steel has a balanced global presence in over 50 developed European and fast growing Asian markets, with manufacturing units in 26 countries. It was the vision of the founder; Jamsetji Nusserwanji Tata., that on 27th February, 1908, the first stake was driven into the soil of Sakchi.  His vision helped Tata Steel overcome several periods of adversity and strive to improve against all odds. Tata Steel`s Jamshedpur (India) Works has a crude steel production capacity of 6.8 MTPA which is slated to increased to 10 MTPA. The Company also has proposed three Greenfield steel projects in the states of Jharkhand, Orissa and Chhattisgarh in India with additional capacity of 23 MTPA and a Greenfield project in Vietnam.

Through investments in Corus, Millennium Steel (renamed Tata Steel Thailand) and NatSteel Holdings, Singapore, Tata Steel has created a manufacturing and marketing network in Europe, South East Asia and the pacific-rim countries. Corus, which manufactured over 20 MTPA of steel in 2008, has operations in the UK, the Netherlands, Germany, France, Norway and Belgium. Tata Steel Thailand is the largest producer of long steel products in Thailand, with a manufacturing capacity of 1.7 MTPA. Tata Steel has proposed a 0.5 MTPA mini blast furnace project in Thailand. NatSteel Holdings produces about 2 MTPA of steel products across its regional operations in seven countries. Tata Steel, through its joint venture with Tata BlueScope Steel Limited, has also entered the steel building and construction applications market. The iron ore mines and collieries in India give the Company a distinct advantage in raw material sourcing. Tata Steel is also striving towards raw materials security through joint ventures in Thailand, Australia, Mozambique, Ivory Coast (West Africa) and Oman. Tata Steel has signed an agreement with Steel Authority of India Limited to establish a 50:50 joint venture company for coal mining in India. Also, Tata Steel has bought 19.9% stake in New Millennium Capital Corporation, Canada for iron ore mining. Exploration of opportunities in titanium dioxide business in Tamil Nadu, ferro-chrome plant in South Africa and setting up of a deep-sea port in coastal Orissa are integral to the Growth and Globalisation objective of Tata Steel. Tata Steel’s vision is to be the global steel industry benchmark for Value Creation and Corporate Citizenship. Tata Steel India is the first integrated steel company in the world, outside Japan, to be awarded the Deming Application Prize for excellence in Total Quality Management.

THE TATA GROUP
Before we discuss at the length of the company, we would like to throw some light on the Tata Group of companies in present day India.

Tata Steel is one of the ventures of the Tat Group but it has many successful companies under one umbrella. Some of the other notable Tata concerns and their lines of businesses are shown below. VISION OF THE COMPANY

Management Speak
Pursuing comprehensive strategy of growth and sustainability. “In spite of a challenging economic environment during the Financial Year 2011-12, Tata Steel focused on mitigating the challenges of the global economy and implementing its strategic objectives. Through their consistent interactions with various stakeholders, Mr. H. M. Nerurkar (Managing Director, Tata Steel), Dr. Karl-Ulrich Koehler (Managing Director and Chief Executive Officer, Tata Steel Europe) and Mr. Koushik Chatterjee (Group Chief Financial Officer, Tata Steel) have shared the Company’s response to the global economic scenario and its...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Organisational Structure of Tata Steel Essay
  • Tata Steel Case Study Analysis Essay
  • Ppt of Tat Steel Essay
  • TATA Steel Organisational Culture Essay
  • Tata Corus Acquisition Essay
  • Tata Corus Acquisition Essay
  • Structuring the Deal Tata and Corus Essay
  • Presentation-on-Tata-Corus (1) Essay

Become a StudyMode Member

Sign Up - It's Free