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The two entities that now comprise Tata Steel date back to the early 1900s. Port Talbot Steelworks opened its doors in the UK in 1905, with India’s Tata Steel being founded in 1907. Fast forward one hundred years, and Tata Steel would acquire the Port Talbot operation along with all others carried out by the Corus Group.
Today, Tata Steel’s European operation is one of the world’s largest, delivering 9.3 million tonnes annually. It employs 20,500 people across locations in 26 countries, including Netherlands, Germany, France, Belgium, Sweden, Norway, Finland, Spain and Turkey. Globally, the company employs over 80,000 people across Europe, India and Southeast Asia. In 2022, Tata Steel produced 18 million tonnes of steel worldwide.
The company serves numerous industries, including construction and infrastructure, automotive, packaging and engineering. Over the more than 100 years since its inception, Tata Steel and the wider Tata Group has remained committed to its vision that its activities should always benefit society. As a result, the company has been recognised for its workplace culture, support for marginalised communities and its environmental record.
Tata Steel’s UK operations are on track to reduce carbon emissions by 30% by 2030 and achieve carbon neutrality by 2045. Meanwhile, Tata Steel Nederland recently launched a new steel product, Zeremis Carbon Lite, which has an allocated carbon footprint reduction of up to 100%. The company also runs an annual competition. MaterialNEXT, which sees the world’s best engineers, designers and scientists compete to find the most innovative alternative materials beyond iron and steel.
Tata Steel’s global reach, longevity and continued commitment to innovation help it to bring in enormous returns. Revenues in 2022 hit USD 31bn.