The latest “capability upgrade” is part of a series of investments to Tata Steel’s European operations designed to strengthen operations and long-term capability and allow the development and production of high-performing steels. Photo: BloombergLondon: Tata Steel on Friday announced an investment of over £14 million (Rs127.8 crore) in its hot strip mill at Port Talbot in South Wales, which the Indian steel giant says will help manufacture higher-value steels. “This will help meet the emerging need for next- generation steels for hybrid and electric cars, as well as for energy-efficient homes and buildings and innovative food packaging,” Tata Steel said. We took the opportunity of a planned maintenance shutdown to upgrade several plant areas to further improve production of high-value steels and their delivery to customers,” said Jon Ferriman, Tata Steel’s director of strip products UK. Port Talbot produces high-quality steel which is processed at Tata Steel’s steel mills around the UK for manufacturers in Britain, mainland Europe and other countries around the world.

Source: Mint February 02, 2018 13:30 UTC