Metals and Mining
Company Overview of Tata Steel Europe Limited
Tata Steel Europe Limited manufactures and distributes steel in Europe. It provides hot-rolled strip, metallic coated, direct rolled, pre-finished, packaging, plated, and electrical steel products; steel grades and gauges; and narrow strip products. The company’s products are used in aerospace, automotive, construction, consumer products, defense and security, energy and power, lifting and excavating, packaging, rail, and shipbuilding markets. It offers its products through a distribution network in France, Germany, Greece, Hungary, the Netherlands, the United Kingdom, Ireland, and Spain. The company was incorporated in 2006 and is based in London, United Kingdom. Tata Steel Europe Limited o...
London, SW1P 4WY
Founded in 2006
Key Executives for Tata Steel Europe Limited
Executive Director of Finance and Director
Chairman of Global Research & Development Board
Compensation as of Fiscal Year 2014.
Tata Steel Europe Limited Key Developments
Tata Steel Plans to Raise $1.24 Billion Overseas through the Sale of Bonds
May 13 14
Tata Steel is planning to raise $1.24 billion overseas through the sale of bonds by one of its Singapore entities. This is part of a mega $7-billion debt refinancing initiative for Tata Steel Europe. It will raise fresh loans to refinance existing term loans and revolving credit facilities. It will also lower the debt on Tata Steel Europe's books by over $1 billion and move it to other group corporate entities in Singapore and will get refinanced based on lenders' comfort with Tata Steel (India). Even though its existing loan facilities don't mature till September 2015. Tata Steel Keen to Complete Process by August this Year. They have even proposed a detailed financing structure to them. The Tata Steel Global Procurement plans to first raise $2.5 billion (EUR 1.8 billion at current conversion levels) through a seven-year loan. This will be raised entirely from a consortium of Indian banks led by SBI and ICICI Bank. This will be followed by another seven-year revolving credit facility for Tata Steel Europe to the tune of EUR 1 billion or $1.6 billion. For this, the company is in discussions with about 10 international banks. Third, the existing twin facilities in Singapore will be swapped for two fresh loans of similar amount. So while a billion dollar loan for seven years is being talked about, another $500 million loan for a shorter three year period is also being discussed. Finally, a 10-year international bond of $1.25 billion will be raised via a Singapore arm that will be guaranteed by Tata Steel (India). Even though the vehicle for the overseas bond is not yet finalized, it is expected to be among the Tata Steel subsidiaries in Singapore.
Tata Steel Europe Limited Presents at 10th Anniversary Steel Markets Europe, Jun-02-2014 through Jun-03-2014
Mar 20 14
Tata Steel Europe Limited Presents at 10th Anniversary Steel Markets Europe, Jun-02-2014 through Jun-03-2014. Venue: Kempinsky Hotel, Berlin, Germany. Presentation Date & Speakers: Jun-02-2014, Henrik Adam, Chief Commercial Officer. Jun-03-2014, Henrik Adam, Chief Commercial Officer.
Tata Steel's Long Products Business Announces Restructuring Proposals Results Loss of Around 500 Jobs
Oct 29 13
Tata Steel's Long Products business announced restructuring proposals to help strengthen its competitiveness. The proposed changes affect predominately management and administrative functions at sites in Scunthorpe, Teesside and Workington and could lead to the loss of around 500 jobs. About 340 positions could be affected in Scunthorpe, 90 in Workington and 40 in Teesside.
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