ITC is a Tata company

Tata Steel

Tata Steel is a global coal and steel company belonging to the Tata Group and headquartered in Mumbai, India. It is one of the world's largest steel companies with a capacity of around 34 million tons[3] and around 75,000 employees[1] on five continents. The European headquarters are in London. The company is listed on the Indian National Stock Exchange and the Bombay Stock Exchange, while global depository receipts are also traded on the London Stock Exchange. The company's product range includes most industrial steels.[4]

About Tata Steel Limited

Company history

The origins of Tata Steel date back to August 25, 1907, when Dorabji Tata named the steel and iron division Tata Iron and Steel Company (TISCO) as part of the Tata group that his father Jamshedji Tata founded in Mumbai in 1868.[10]

Four years after it was founded, TISCO put the first blast furnace into operation in Sakchi, India. The planned town there, which was built to house the employees of the main steelworks, was later renamed "Jamshedpur" in honor of Jamshedji Tata.[11] Just a year later, the Dorabji Tata plant was producing its first raw steel block. By 1939, Tata Steel was able to produce 800,000 tons of steel annually. This made Jamshedpur the largest steel mill in the former British Empire. In the decades that followed, the company made a name for itself as the world's cheapest producer of pig iron. The 1990s were characterized by large-scale renovations and a new growth path. The focus was on technical upgrades and the optimization of IT systems, as well as a strategic realignment that provided for a stronger customer focus.[12]

From 2004, the group attracted attention through takeovers abroad: Tata Steel acquired the company NatSteel from Singapore, which owns a steel mill in China. The steel company was taken over a year later Millennium Steel PCL from Thailand. Tata Steel has also been present as a producer on the European steel market since 2007, after the British-Dutch steel group Corus became part of the Tata Steel group. Corus emerged in 1999 from the merger of British Steel and Koninklijke Hoogovens.[13] With an investment of 8.7 billion euros[14] It represented the largest takeover of a foreign company by an Indian company to date.[15] In 2010 Corus officially changed its name to Tata Steel.

In 2012, Ratan Tata retired as chairman of the Tata group. He was followed by Cyrus Mistry, a board member of Tata Sons, whose family has been closely associated with the Tata group for decades.[16] In October 2016, Mistry was dismissed and Ratan Tata temporarily took over the management of the company again.[17] On February 21, 2017, Natarajan Chandrasekaran, who had previously been Managing Director of Tata Consultancy Services, took over the chairmanship of the Tata Group.[18]

On September 20, 2017, the company announced its intention to merge its European steel activities with ThyssenKrupp's European steel division. After the merger, the corporate headquarters were to be relocated to Amsterdam in the Netherlands and the future corporate name Thyssenkrupp Tata Steel ring.[19] On June 30, 2018 it was reported that the planned merger of the steel division of ThyssenKrupp and the European steel business of Tata Steel had been decided by the committees and was about to be signed. This should create Europe's second largest steel group with 48,000 employees.[20] On May 10, 2019, it was communicated that the merger would not take place due to the impending prohibition by the European Commission.[21] On June 11, 2019, the EU Commission published its decision not to approve the planned merger due to competition concerns.[22]

Tata Steel in Europe

In Europe, Tata Steel operates as Tata Steel Europe Limitedwhile doing business under the brand Tata Steel to run.[23] The European branch of the company supplies steel products to the construction and infrastructure sectors, the automotive and packaging industries, mechanical engineering and other sectors around the world.[24] The product portfolio focuses on steel strip products.[25][26] In April 2016, the investment firm took over Greybull Capital the European long steel division of Tata Steel.[27] The largest European production sites are in Port Talbot (Wales) and Ijmuiden (Netherlands).[28]

As CEO of the Tata Group, Cyrus Mistry was responsible for the global business activities of Tata Steel and was therefore also responsible for the European market until 10/2016.[29] With effect from July 1, 2019, the previous Chief Commercial Officer Henrik Adam took over the position of CEO of Tata Steel in Europe from Hans Fischer. He took over the position on March 1, 2016 and was Chief Technical Officer until then.[30][31] Until February 2016, the CEO of the European division was Karl-Ulrich Köhler. In addition, the Executive Board of the European business area will consist of the following members in 2019:

  • Tor Farquhar, Executive Director Human Resources
  • Sandip Biswas, Executive Director and Chief Financial Officer of Tata Steel in Europe
  • Helen Matheson, Director Legal and Company Secretary
  • Ernst Hoogenes, Chief Technical Officer
  • Karl Haider, Chief Commercial Officer[32]

Tata Steel in Germany

Tata Steel's agencies in Germany produce, distribute and sell various steel and aluminum products for national and international markets. It supplies the aerospace, automotive, construction, transportation, electrical engineering and mechanical engineering industries.[33] Many of the Tata Steel agencies in Germany emerged from former family businesses and can look back on decades of experience in the manufacture of steel or aluminum products.[33]

Tata Steel agencies in Germany:

  • Service Center Gelsenkirchen GmbH, Gelsenkirchen[34]
  • Degels GmbH, Neuss[34]
  • Fischer Profil GmbH, Netphen-Deuz[35]
  • Hille & Müller GmbH & Tata Steel sales office, Düsseldorf[36]
  • Hille & Müller GmbH Service Center Wallau[37]
  • SAB-profil GmbH, Niederaula[38]
  • Catnic GmbH, Sinsheim[39]

criticism

In 2006 there were protests among the local population against the planned construction of a steel factory by Tata Steel in Kalinganagar in the Indian state of Odisha. The reasons for the protests lay in unresolved ownership claims. In connection with this, 13 protesters and one police officer lost their lives in one demonstration.[40]

The Tata Group came under fire in 2008 because the land provided by the West Bengal government on which a factory to manufacture the Tata Nano car was to be built had previously been expropriated under dubious circumstances. There were violent protests and the completed work was blocked. As a result, conflicts arose within the local population between the factory supporters, who were hoping for a job in the new factory, and the opponents of the factory building. Finally, Ratan Tata received an offer from Narendra Modi, the prime minister of the state of Gujarat, to build the factory for the production of the Tata Nano in Gujarat.[41]

See also

Web links

Individual evidence

  1. abcTatasteel.com - 112th Annual Report 2018-2019, accessed July 24, 2019 (PDF)
  2. ↑ converted at the rate on the balance sheet date, March 31, 2019
  3. Tata Steel India Sales, production decline in Q1. In: Business Standard, www.business-standard.com. July 9, 2020, accessed October 15, 2020.
  4. ↑ Tatasteel.com - 106th Annual Report 2012-2013 (Memento of the original from September 21, 2013 in Internet Archive) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.@ 1 @ 2 Template: Webachiv / IABot / www.tatasteel.com
  5. Top steel-propucing companies 2019. Retrieved October 15, 2020.
  6. ^ Global 500 www.money.cnn.com
  7. Tata India's most valuable brand www.economictimes.com
  8. TV Narendran, the crisis man driving a cultural change in Tata Steel www.moneycontrol.com
  9. ↑ At a glance www.tatasteeleurope.com
  10. ↑ Rudrangshu Mukherjee: A Century of Trust. The story behind TATA STEEL. Penguin Books India, New Delhi, 2008, ISBN 978-0-670-08156-1
  11. ^ Wikipedia - Jamshedpur
  12. ↑ Tatasteel.com - About us (Memento of the original from October 25, 2012 in Internet Archive) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.@ 1 @ 2 Template: Webachiv / IABot / www.tatasteel.com
  13. Tata Steel buys Corus for almost 9 billion euros. In: Frankfurter Allgemeine Zeitung
  14. ↑ Asia Courier - Determined to plan the future (Memento of the original from March 4, 2016 in Internet Archive) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.@ 1 @ 2 Template: Webachiv / IABot / www.asienkurier.com
  15. Indian firms move to world stage. BBC news
  16. Cyprus P. Mistry: India's most important industrialist Frankfurter Allgemeine Zeitung, www.faz.net, November 27, 2011, accessed June 30, 2018
  17. ↑ Archived copy (memento of the original from October 24, 2016 in Internet Archive) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.@ 1 @ 2 Template: Webachiv / IABot / tata.com
  18. Hope for normality: Indian conglomerate Tata with a new boss@ 1 @ 2 Template: Dead Link / www.t-online.de (Page no longer available, search inWeb archives) Info: The link was automatically marked as broken. Please check the link according to the instructions and then remove this notice. www.t-online.de
  19. Thyssenkrupp wants to create new steel giants with Tata. www.welt.de
  20. Fixed steel merger between Thyssenkrupp and Tata www.orf.at, June 30, 2018, accessed June 30, 2018
  21. ↑ Carsten Dierig: ThyssenKrupp cancels the split - 6,000 jobs will be cut. May 10, 2019 (welt.de [accessed on May 12, 2019]).
  22. European Commission - Press release - Merger control: Commission prohibits planned merger between Tata Steel and ThyssenKrupp. Retrieved July 24, 2019.
  23. ↑ Disclaimer www.tatasteeleurope.com
  24. Tatasteeleurope.com - At a glance. Retrieved October 15, 2020.
  25. News - Tata Steel UK completes sale of Long Products Europe business to Greybull Capital. www.tatasteeleurope.com
  26. News - Tata Steel signs definitive agreement with Liberty House Group for the sale of its Specialty Steels business. (Memento of the original from April 8, 2017 in Internet Archive) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.@ 1 @ 2 Template: Webachiv / IABot / www.tatasteeleurope.comwww.tatasteeleurope.com
  27. Greybull takes over EU long steel division from Tata Steel. www.stahl-online.de
  28. ↑ Operations www.tatasteeleurope.com
  29. 11 interesting facts about Tata Group chairman Cyrus Pallonji Mistry www.india.tv
  30. Tata Steel says Europe CEO to leave to join German firm. www.reuters.com
  31. Tata Steel Europe gets new boss www.handelsblatt.com
  32. Executive Committee. In: tatasteeleurope.com. Retrieved October 15, 2020.
  33. abGroup www.tatasteel.de
  34. abMarieke Nispeling: Determinants of forward vertical integration. The possibilities and risks for a steel company. Master Thesis University of Amsterdam, 2008
  35. ↑ From: Hofmann: 75 years of Fischer Profil: With sandwich elements to the world market leader. In: Regional economy online. July 31, 2013, accessed on July 24, 2019 (German).
  36. ↑ AOK magazine praxis aktuell - brilliant solution
  37. ↑ Tatasteeleurope.com - Production Sites Hille & Müller GmbH Service Center Wallau (Memento of the original from July 14, 2014 in Internet Archive) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.@ 1 @ 2 Template: Webachiv / IABot / www.tatasteeleurope.com
  38. SAB for quality and quantity in sandwich panels and profiled sheets. Retrieved July 24, 2019.
  39. Contacts construction elements in Germany | Tata Steel in Europe. Retrieved July 24, 2019.
  40. ↑ Survival International: India: Police violence against indigenous protesters. Retrieved July 24, 2019.
  41. Car maker Tata puts nano-factory construction on hold. www.welt.de