Breaking News

You are here » Indian-Commodity  :  Investment  :  Tata Steel invests Euro 4.5 million at Jmuiden site in Netherlands


Tata Steel invests Euro 4.5 million at Jmuiden site in Netherlands

Tata Steel, the flagship company of the Tata Group, has made an investment of Euro 4.5 million at its Jmuiden site in the Netherlands, that could increase the company's ability to develop next generation steels which are lighter, stronger and better able to withstand crashes. This development comes right after the company started up an advanced facility to develop crash resistant steels designed to make cars safer and more fuel efficient.

Further, the R&D investment also follows close collaboration between Tata Steel and major European car manufacturers to understand their requirements for future car models. The facility, being the most technologically advanced in the world, combining the characteristics of commercial industrial lines alongside special research features to control and measure atmosphere, temperature, speed, force, stress and friction, will also enable the company to support its customers as they integrate the new ultra high strength steels into future vehicles.

Tata Steel 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.

Related News

View all news

Cipla to enter into nutritional business: Report

Cipla is reportedly planning to foray into nutritional business and will launch full range of nutritional products over the next one to one and a half year.Earlier in July, the company had received an......

Future Market Networks to sell its investments in four subsidiaries

Future Market Networks has received an approval  to sell its investments held in 4 subsidiaries and authorized the committee of directors to negotiate and finalize the terms of sale based on appropriate......

Rainbow Papers to dilute investment in Dubai based WOS

Rainbow Papers has received an approval to dilute the investment in Rainbow Papers JLT, Dubai, a wholly owned subsidiary (WOS) of the company by way of sale or dilution of shareholding by raising capital......

Top News

View all news

RIL, ONGC and Lupin to see some action

Reliance Industries (RIL), owner of the world's biggest refining complex, imported nearly 25 percent more oil in July compared with the previous month, when it had slowed purchases due to a planned maintenance......

Monsoon uncertainty still a risk for inflation: RBI

RBI in its Annual Report for 2014-15  has said that uncertainty in the progress and distribution of monsoon, a key factor in performance of the farm sector, continues to be a risk for......

Bharti Airtel, Sun TV and Cairn India to see some action

Bharti Airtel, a leading global telecommunications services provider with operations, has signed a definitive agreement to acquire 100% equity stake in Augere Wireless Broadband india (Augere), which holds......