The investment by Tata Steel at the tube mill site will be put into setting up a new slitter, enabling the mill to process coils out of steel slabs that will be procured from the Port Talbot steelmaking site in South Wales.
Tata Steel has launched a new green investment plan of 7 million pounds (USD 8.09 million) for its Hartlepool tube mill, primarily based in the North-East UK. Being a green investment, as proclaimed by the steel giant, it will reduce carbon emissions, improve production capacity, and cut costs in order to boost its business in the country.
The investment will be utilised for a new slitter which will allow the Hartlepool site to process coils made out of steel delivered from the company’s Port Talbot steelmaking site in South Wales. All of the steel products made at this site, wherein approximately 300 people continuously work producing up to 200,000 Tonnes Per Annum (TPA) of steel tubes, are 100 percent recyclable. Moreover, the investment is projected to generate ROI in less than three years’ time.
Works Manager of Tata Steel in Hartlepool, Mr. Andrew Ward, mentioned that this project will allow the company to bring a “vital process” on site, which will end up freeing thousands of tonnes of capacity at the Port Talbot location. Not only that but it also is predicted to improve production efficiency and reduce overall CO2 emissions from their steel processing as well as reduce the cumulative costs across the business.