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Tata Steel to launch new brand
Business Standard
December 9, 2005
Tata Steel will launch a new brand next week to market
its rectangular and square hollow sections or tubes.
"The new brand will have a wide range of round,
square and rectangular tubular structures," said
Ashish Anupam, chief of marketing and sales (tubes),
here today. The products under the new brand would have
applications in varied industries such as construction,
auto and agriculture. The steel major already has about
seven brands under which its finished steel products
are sold. At present, Tata Steel produces about 30,000
tonnes of hollow sections annually, mostly meant for
the domestic market.
"Within the next two years, we are planning to
increase the capacity to about a lakh tonnes per annum,"
said Anupam. A new mill would be added in Jamshedpur
for the purpose. A second mill, to manufacture products
that cater to the auto sector, would also come up. However,
Tata officials were tight-lipped on the financial details.
The new brand would be launched by B Muthuraman, managing
director, at the five-day 'Architecture, Engineering
and Construction World Expo and Conference' to be held
from the Dec 14 in the city.
Tata Steel's other brands include Tata Steelium, Tata
Tiscon, Tata Shaktee and Tata Wiron. Recently, the steel
manufacturer tied up with Australian BlueScope to jointly
manufacture and supply steel products. The project envisages
an investment of Rs 1,200 crore.
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