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

Jarigold Textiles acquires Divine Windfarm

Jarigold Textiles has acquired 100% equity shares of Divine Windfarm. Accordingly, Divine Windfarm becomes Wholly Owned Subsidiary (WOS) of the company.Divine Windfarm is engaged in the business of generation......

Fortis Healthcare's arm acquires Religare Health Trust Trustee Manager

Stellant Capital Advisory Services, a step down subsidiary of Fortis Healthcare has entered into a Share Purchase Agreement (SPA) with RGAM Investment Advisors and other shareholders, to acquire 100% Equity......

Tata Power's arm emerges as a leader in solar rooftop solutions

Tata Power's 100% subsidiary - Tata Power Solar (TPS), India's largest integrated solar player, has emerged as a leader in solar rooftop solutions for the second consecutive year among EPC contractors,......

Top News

View all news

Dr Reddy's,Ashok Leyland, Fortis Healthcare and Welspun Corp to see some action today

US Food and Drug Administration (USFDA) has extended deadline for Dr Reddy's laboratories to respond to its warning letters till December 7, 2015. The company is in the process of preparing a response......

Idea, Hero MotoCorp and Dr Reddy's to see some action today

Idea Cellular has entered into agreement with Videocon Telecommunications for acquiring right to use spectrum of Gujarat and Uttar Pradesh (West) for Rs 33.10 billion. This agreement for the company's......

Hexaware, Lanco Infratech and Petronet LNG to see some action today

Hexaware Technologies has entered into a strategic partnership with Blue Prism, the leading developer of robotic process automation (RPA) software, to transform support processes by enabling rapid automation......