Tata Steel has drawn up an investment plan of $3 million to develop next generation steel for automotive use at its facility at Ijmuiden in the Netherlands. The products will be lighter, stronger and better able to withstand crashes, according to the company statement.
The automotive sector, a major market for the steel industry, has come under pressure to produce lighter and more environmentally friendly cars and this has pushed steelmakers to invest in developing new, lighter materials.
Tata Steel said the Ijmuiden facility is the most technologically advanced in the world, combining characteristics of commercial industrial line alongside special research features to control and measure atmosphere, temperature, speed, force, stress and friction.
“The R&D investment follows close collaboration between Tata Steel and three major European car manufacturers to understand their requirements for future car models. This upgraded facility will enable us to work more closely with them, not only to develop the new, advanced steels they increasingly require, but also to help them improve their performance when they process these steels using their own equipment,” said Henrik Adam, chief commercial officer of Tata Steel Europe.