3rd July 2011
Tata shows continued confidence in UK
India steel giant Tata has announced plans to invest £2 million in one of its plants in the North East of England as it bids to meet a surge in demand for green energy products from the burgeoning global sector.
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The global conglomerate will pump the money into its Hartlepool factory to set up a production line for steel tubular sections for wind turbines. The firm added that it will begin a supply agreement with German steel producer Eisenbau Kramer which will see it add another wing to its substantial export operation.
Ramsay Ross of Tata Steel said: "This investment reinforces Tata Steel's commitment to establishing a significant presence as a supplier to the renewables sector as the drive to transform the energy supply scene in the EU gathers pace.
The wind tower hub in Scunthorpe, which was launched last year to process and distribute steel plate for fabricators, was a key step in this strategy.
This separate development, in which we will be modifying buildings and investing in new assets at Hartlepool, is the next stage."
Tata also announced a supply agreement with German steel tube producer Eisenbau Kramer.