Tata Steel invests for growth
Tata Steel is aiming to double its worldwide steel sales by 2017 in the lifting and excavating sector from its current volume of 500,000tonnes.
To achieve this target the company has recently invested €40million to improve its product portfolio, by developing its quenched and tempered, and advanced downstream processing facilities in the UK.
Tata Steel said it delivers a wider range of differentiated steel products to the lifting and excavating industry than any other steel producer in the world, and provides one of the most comprehensive product portfolios for this sector.
Its products include hot-rolled sheet and steel plate, a range of hot-finished and cold-formed steel tubes in circular, square and rectangular hollow sections, plus speciality bar products for engines and transmissions.
In addition, the firm claimed to have the most extensive range of track-shoe sections available anywhere in the world.