Tata Steel acquires Millennium Steel Public Co

Tata Steel, the largest private Indian steelmaker, last Friday completed the acquisition of 67.11 percent of shares in Thailand-based Millennium Steel Public Co for about $170 millions. Millennium Steel is one of the largest steel companies in Thailand with an annual capacity of 1.7 million tons. The company, which produces long products for construction industry, and engineering steel for the auto industry, owns three plants in Thailand. As Tata Steel had stated earlier, it will continue to invest in the company to expand its capacity and further strengthen its position in Thailand.