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 2012-2013, the Group recorded deliveries of 24.13 million tonnes and a turnover of Rs.1, 34, 712 Crores. 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 67.9% 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
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 1.2 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 has been pursuing growth in India through brownfield and new greenfield expansion projects as also through strategic partnerships. The Jamshedpur (India) Works at present has a crude steel production capacity of 6.8 MTPA. The Company is in the final phase of commissioning the 2.9 mtpa expansion project at Jamshedpur and executing the 6 mtpa greenfield plant at Odisha in two phases of 3 mtpa each.
Thus, Tata Steel by 2014, would have a global steel capacity of 33.5 million tonnes, and will add a further three million tonnes on the full implementation of the Odisha project.
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.
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.
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.
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.
The Global Minerals Group was formed with a small team within Tata Steel with a clear mandate to scan the world mineral map and identify assets in steel-making raw material – Iron Ore, Coal, Limestone, etc. Tata Steel today has mineral projects in Mozambique, South Africa, Australia, Ivory Coast, Canada and UK.
Over the last decade, Tata Steel’s strategy has been to move up the value chain towards differentiated products and services. Therefore, the Company’s focus has been on downstream and value-added products through new investments and product development.
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.
Tata Steel Europe’s 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.
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.
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 2011-2012 are:
- Prime Minister’s Trophy for best performing Integrated Steel Plant
- Think Odisha Leadership Award for contribution towards promotion of Self Help Groups (SHGs) in Odisha
- Mr. H. M. Nerurkar, Managing Director, Tata Steel, was conferred with Corporate Leadership Award
- Tata Steel topped the list of India's 50 most admired companies in survey conducted by Fortune India and Hay Group
- Mr. B Muthuraman, Vice Chairman, Tata Steel Limited was conferred the ‘Padma Bhushan’ by President Pratibha Patil
- Tata Steel was named among the world’s most ethical companies by American think tank, Ethisphere Institute
- The prestigious CII-ITC Sustainability Prize 2011
- The ‘Best Sports Advertisement’ and ‘Best Corporate Involvement in Sports’ at NDTV’s ‘Marks for Sports’ Campaign
- CNBC Asia's Corporate Social Responsibility Award at 'CNBC - TV 18 India Business Leader Awards 2012(IBLA)'
- Tata Steel bagged the award in the ‘Metal Category’ at the seventh edition of the prestigious NDTV Profit Business Leadership Awards
- Mr. HM Nerurkar, Managing Director, Tata Steel has been conferred with theCEO of the Year Award-2011 by Indian Institute of Materials Management (IIMM)
- CII National Award for Extraordinary Water Management
- Thomson Reuters Innovation Award in the “Hi-Tech Corporate” category
- Best Conscious Capitalist Award by Forbes India
- Best Company Promoting Sports by FICCI at the Global Sports Summit
- The Ministry of Labour and Employment, Government of India, conferred the prestigious Prime Minister’s Shram Awards for the years 2008, 2009 and 2010, on twenty one employees of Tata Steel
- The Good Corporate Citizen Award by Bombay Chamber of Commerce & Industry
- Tata Steel and Caterpillar Steel Products alliance was recognised for the prestigious Annual Quality Improvement (AQI) award for significant supply chain improvements
- The CSR Leadership Award in the Think Odisha CSR conclave held in Bhubaneswar
- FAMD & Wires Division of Tata Steel was awarded the prestigious JRDQV Award
- Tata Steel was adjudged winner in 'Corporate Social Responsibility' by Procurement Leaders Forum Tata Steel was adjudged 'Best in Corporate Social Responsibility' by Finance Asia