Tata Steel Group Overview
Company Headquarters: Maharashtra, India
Founded: 1907
Workforce: ~6,95,000
Company Working: Tata Steel is one of the largest steel producers around the world. It supplies high-quality steel products for applications in the packaging, automotive, construction, and engineering industries. The company offers a wide range of OCTG to clients all over the world under Tata Steel Europe. It operates through four segments, namely, manufactured goods, automotive, construction, and packaging. Tata Steel Europe provides OCTG under the tubes division in the construction segment. Some of the other products offered by the company include packaging steel, organic coated, metallic coated, hot rolled, cold rolled, building products, and others.
Tata Steel has its manufacturing operations in several countries including the US, the UK, Germany, the Netherlands, India, Sweden, Belgium, France, Finland, Norway, Sweden, Turkey, and Canada. In India, it has manufacturing facilities in Jamshedpur and Kalinganagar. Unitol SAS (France), NatSteel Asia Pte. Ltd (Singapore), Bsr Pipeline Services Limited (UK), Tata Steel Maubeuge SAS (France), Layde Steel S.L. (Spain), Tata Steel Nederland Tubes BV (Netherlands), and Oremco Inc. (US) are some of the company’s subsidiaries.
Strategy
Tata Steel aims to increase its presence in the steel industry through the acquisition of numerous assets, which are put up for sale under the insolvency and bankruptcy code, to enhance its product portfolio and decrease current market competition in the steel industry. The company focuses on forming joint ventures in Europe to enhance its product portfolio and create long-term value for all the stakeholders.
