Tata Steel invests GBP 1.3m in UK site to serve wind sector
(ADPnews) - Nov 29, 2010 - Indian Tata Steel Ltd (BOM:500470) announced last week it would spend GBP 1.3 million (USD 2m/EUR 1.5m) on a new processing and distribution centre in the UK to cut steel plates in shapes suitable for the manufacturing of conical wind towers.
Via the new unit, the company seeks to capitalise on the projected growth of the wind energy sector and the UK's green energy programme in the coming 10 years.
"This new hub allows us to supply plate to wind turbine and tower manufacturers at exactly the right time in their production process," said Phil Knowles, plate sales manager at Tata.
The new facility will be able to cut as much as 200,000 tonnes of steel plate a year, with the material coming from Tata's adjacent Scunthorpe plate mill. The bigger part of the cut material will be supplied to customers in the UK and Europe.
A wind tower usually contains 150 to 200 tonnes of steel.