Tata Steel Europe, the European unit of the India-based steel giant Tata Steel, has announced that Tata Steel will invest around £30 million to help secure the future of steelmaking in South Wales, UK.
Accordingly, Tata Steel will upgrade a basic oxygen steelmaking (BOS) vessel at its Port Talbot site. At the same time, the company is replacing the massive cranes in the steel plant, and installing enhanced dust extraction hoods and energy-efficient drives to minimize emissions.
The company stated that the announcement is part of a series of planned investments Tata Steel is making in its UK business to strengthen reliability and allow the development and production of high-performing steels demanded by customers. This will help meet the emerging need for next-generation steels for hybrid and electric cars, as well as for energy-efficient homes and buildings and innovative food packaging.
In addition, Tata Steel UK CEO, Bimlendra Jha, stated that these investments will help the company to increase its reliability and demonstrate its commitment to the longer-term future of steelmaking in the UK.