Tata Steel secures multi-million pound order from Siemens
Tata Steel has bagged a multi-million pound order from engineering giant, Siemens Wind Power for supplying of 25,000 tonnes of high quality profiled steel plate for 150 wind turbine towers. The order from Siemens comes at a time when Europe’s steel industry is struggling to cope with low demand amid economic uncertainty in the euro zone. Tata Steel Europe, in particular, has been hit severely by the crisis, with its gross earnings ( EBITDA) falling by 42.8 per cent to $103 million in the June-september quarter of 2011. The order is the largest so far for its dedicated wind tower site in Scunthorpe, UK, which was established in 2010. The plant can deliver up to 2,00,000 tonnes of steel plates annually. It is informed that Tata Steel has already supplied Siemens Wind Power with 6,000 tonnes of steel plate for similar developments in the UK and Europe. “Demand for steel in the renewable energy sector will continue to grow and we are ideally placed to help our customers tap into this important opportunity,” Mr. Phil Knowles, Tata Steel Commercial Manager for power generation was quoted as saying.