Company Profile
Tata Steel has in its lineage some of the world’s most pioneering and respected entities – the Tata Group itself, British Steel, Koninklijke Hoogovens and Natsteel. What binds together every member of the global Tata Steel family is a shared corporate culture, shaped by value-based guiding principles that underpin every business decision.
Tata Steel Today…
The Tata Steel Group has always believed that mutual benefit of countries, corporations and communities is the most effective route to growth. Tata Steel has not limited its operations and businesses within India but has built an imposing presence around the globe as well. With the acquisition of Corus (now Tata Steel Europe) in 2007 leading to commencement of Tata Steel's European operations, the Company today is one of the largest steel producers in the world with employee strength of above 81,000 across five continents. During the financial year 2010-2011, the Group recorded deliveries of 23.6 million tonnes, which was at par with the previous year (24 million tonnes). The Group recorded a turnover of Rs.1, 18,753 Crores in 2010 - 2011. The Company has always had significant impact on the economic development in India and now seeks to strengthen its position of pre-eminence in international domain by continuing to lead by example of responsibility and trust.
Tata Steel’s overseas ventures and investments in global companies have helped the Company create a manufacturing and marketing network in Europe, South East Asia and the Pacific-rim countries. The Group’s South East Asian operations comprise Tata Steel Thailand, in which it has 67.1% equity and Nat Steel Holdings, which is one of the largest steel producers in the Asia Pacific with presence across seven countries.
Given below is an outline of Tata Steel's operations in Europe and South East Asia.
Tata Steel Europe
The lineage of Corus can be traced back to the earliest days of steel production in the UK and The Netherlands. In 1988, the British Steel Corporation was privatised and 12 years later it merged with Koninklijke Hoogovens of The Netherlands to form Corus. With their very different but equally proud and long histories, Tata Steel and Corus had much in common in terms of business culture and global vision. Thus, the idea of collaborative growth through Tata Steel European operations was an approach particularly relevant in the global market today. At present, Tata Steel Europe supplies steel and related services to the construction, automotive, packaging, rail, energy and power, lifting and excavating and other demanding markets worldwide.
Visit website : www.tatasteeleurope.com
NatSteel Holdings
Headquartered in Singapore, NatSteel Holdings (previously NatSteel Asia) is a leading supplier of premium steel products for the construction industry and was actively involved in Singapore’s nation building efforts. It became a 100% subsidiary of Tata Steel in February 2004. NSH produces about 2 MTP of steel products annually across its regional operations.
Visit website : www.natsteel.com.sg
Tata Steel Thailand
Tata Steel Thailand (previously Millennium Steel) is headquartered in Bangkok, and is a major steel producer in and is the largest producer of long steel products with a manufacturing capacity of 1.7 MTPA.
Visit website : www.tatasteelthailand.com
Tata Steel was established in 1907, as a materialisation of its Founder’s dream of a prosperous and independent India. Jamsetji Nusserwanji Tata’s vision helped Tata Steel to overcome several periods of adversity and strive to improve against all odds. Completing hundred years in 2007, the Company continues on its journey of growth and globalistaion through organic and inorganic strategies. Driven as much by its commitment to society as by its performance and profits the Tata Steel Vision today aspires to make the Group the global steel industry benchmark for both value creation and corporate citizenship.
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Tata Steel’s Jamshedpur (India) Works has a crude steel production capacity of 6.8 MTPA, which is slated to increase to 10 MTPA by 2011-12. 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.
Tata Steel has a crude steel production capacity of 18 MTPA in Europe with major steelmaking centres in Port Talbot, Rotherham and Scunthrope in the UK and Ijmuiden in The Netherlands. NatSteel and Tata Steel Thailand have total production capacities of over 2 MTPA and 1.2 MTPA respectively and are poised for further expansion in the future.
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Tata Steel has a balanced global presence in over 50 developed European and fast growing Asian markets, with manufacturing operations in 26 countries. 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.
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The journey of Tata Steel since 1922 has been marked by steady growth through various joint ventures and subsidiaries. As the Company has continued to venture into new territories, its subsidiaries have played a significant role in accelerating both its Indian and overseas operations.
For a comprehensive list of Tata Steel’s subsidiary companies and their details, click here
Over the years, Tata Steel has strengthened its position through meaningful partnerships with enterprises across the globe. These enterprises that form a healthy partnership with Tata Steel are leaders in their respective industry segments and include such names as: Dhamra Port Company Limited, mjunction, Tata Bluescope, Tata International Logistics Limited, Tata NYK and S&T Mining.
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Tata Steel’s Indian operations are self-sufficient in iron ore through its captive mines. The mines and collieries in India give the Company a distinct advantage in raw material sourcing. It is 60% self sufficient for coking coal and the rest is procured mostly through imports. However, for Corus operations, the Company needs to source raw materials through contracts with mining companies in UK and the Netherlands. 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, it has bought 19.9% stake in New Millennium Capital Corporation, Canada for iron ore mining.
Exploration of opportunities for titanium dioxide in Tamil Nadu, commissioning a ferro-chrome plant in South Africa and setting up of a deep-sea port in coastal Orissa are on for meeting the Company's objectives of growth and globalisation .
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Tata Steel's Jamshedpur Works produces hot and cold rolled coils and sheets, galvanised sheets, tubes, wire rods, construction rebars and bearings. In an attempt to 'decommoditise' steel, Tata Steel has introduced brands like Tata Steelium (the world's first branded Cold Rolled Steel), Tata Shaktee (Galvanised Corrugated Sheets), Tata Tiscon (re-bars), Tata Bearings, Tata Agrico (hand tools and implements), Tata Wiron (galvanised wire products), Tata Pipes (pipes for construction) and Tata Structura (contemporary construction material). Apart from these product brands, the company also has in its folds a service brand called “steeljunction” – the world’s largest retail marketplace for steel.
Corus’ main operating divisions comprise Strip Products, Long Products and Distribution and Building Systems Division. The NatSteel group produces construction grade steel such as rebars, ‘cut-and-bend’ cages for construction, mesh, precage bore pile, PC wires and PC strand.
Tata Steel Thailand produces round bars and de-formed bars for the construction industry.
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Regarded globally as a benchmark in corporate social responsibility, Tata Steel's commitment to the community remains the bedrock of its hundred years of sustainability. To the Group, Corporate Social Responsibility means conducting business with responsibility, integrity and respect. This includes ensuring a safe and healthy workplace, protecting the environment, caring for the community and maintaining high ethical standards wherever it operates.
The Company, fully conscious of its responsibilities to the future generations, has always taken pro-active measures to ensure optimum utilistion of natural resources. This is reflected in the ISO-14001 certification that all its operations have achieved for environment management. The SA 8000 certification for work conditions and improvements in the workplace, is a reiteration of its commitment towards the Company's employees.
The Tata Steel Group’s focus in the area of corporate sustainability includes social welfare, environmental sustainability, sports and inclusive growth. This ensures that all its constituents and stakeholders share the Group’s successes. For every extension plan in a new location, the Company seeks to bring tangible benefits to the local community and to the national interest as a whole.
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Tata Steel India is the first integrated steel company in the world, outside Japan, to be awarded the Deming Application Prize 2008 for excellence in Total Quality Management.
Some Awards and Recognitions received by the Company in the year 2010-2011 are:
- 'The Businessworld Most Respected Company Award 2011' in the Metals category.
- Mr. H. M. Nerurkar, Managing Director, Tata Steel, has received the CEO with HR Orientation Award from STAR News.
- Awarded Asia MAKE (Most Admired Knowledge Enterprise) Award 2010. This is the seventh time that the Company has been conferred with this honour.
- Tata Steel has been recognised as Indian Most Admired Knowledge Enterprise (MAKE) Winner for the year 2010 for sustained excellence in field of Knowledge Management.
- National Energy Conservation Award 2010
- The Indian Institute of Metal (IIM) conferred 5 awards to Tata Steel executives in recognition for their outstanding contribution to the steel industry on 15th January, National Metallurgist Day.
- Steel Industry Website of the Year & Life Cycle Analysis Leadership from Worldsteel Association (worldsteel).
- Tata Steel Europe awarded the Lifecycle Analysis Leadership Award 2010.
- Tata Steel won the following awards at Asia’s Best Employer Awards hosted by the Employer Branding
Institute in Singapore in July 2010:- Award for Talent Management
- Award for Best HR Strategy in line with Business
- Award for Excellence in Training.
- Tata Steel Processing and Distribution Limited won the JIPM Award for 2009, awarded by the Japan
Institute of Plant Management, for excellence in TPM in plant operations. - FE-EVI Green Business Leadership Award 2009-2010
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