Tata Steel to invest in repairing blast furnace in Port Talbot

By Sophie Chapman
The Indian steel company, Tata Steel, has announced its plans to invest approximately £75mn (US$100mn) into restoring a blast furnace in Wal...

The Indian steel company, Tata Steel, has announced its plans to invest approximately £75mn (US$100mn) into restoring a blast furnace in Wales, industry sources reported.

The steel plant is located in Britain’s largest steelworks, Port Talbot, in the south of Wales, claims Reuters.

The funding will prolong the life of the furnace by seven years. The cost of such reparation projects is usually double what the firm is thought to be spending, but often have the outcome of an additional 20 years of life.

Last year, the Indian firm signed a deal with Thyssenkrupp, the German conglomerate, to merge its European steel assets.

SEE ALSO:

The preliminary deal was formed in a bid to manage the overcapacity of steelmaking on the continent.

The firm’s decision to restore the UK-based steel plant has reportedly restored faith in regards to its European commitment.

Tata has also revealed plans to annually invest £100mn ($140mn) into its UK assets over a 10-year plan.

The company committed £14mn ($20mn) into another Port Talbot-located facility – a mill – earlier this month.

The funds were dedicated to increasing the mill’s capacity to 150,000 tonnes per year.

Share

Featured Articles

Top 10: Manufacturing Companies in MEA

Manufacturing Digital takes a look at the top 10 largest manufacturers in MEA, including Sharp, Genetco and Julphar

Manufacturing & Mobility LIVE heads to Chicago in 2025

Manufacturing & Mobility LIVE expands into in-person events, heading to the US with its sister events P&SC LIVE and Sustainability LIVE

What to see and do at GSMA MWC Shanghai 2024

At the 2024 GSMA MWC in Shanghai, guests will learn more about the future of 5G and IoT, as well as the role of mobile connectivity in manufacturing

EV Recycling Driven By Tata Steel, Nucor and Dowa Holdings

Sustainability & ESG

Brooke Weddle: Manufacturing Needs A Rebrand

Production & Operations

Immensa and Intaj Suhar partner to boost Omani manufacturing

Procurement & Supply Chain