INDUSTRY
Tata focuses on turnaround, no major investment planned
Special-grade steel to spearhead sales
- Published: 17/02/2012 at 08:16 AM
- Newspaper section: Business
Tata Steel (Thailand) Plc (TSTH), a subsidiary of the Indian industrial conglomerate, plans no major investments over the next couple of years as it focuses mainly on turning around existing operations after several years of losses.
‘‘We are aiming to raise the revenue contributions of high-value steel products, improve production efficiency and maintain our leadership position,’’ says Mr Gupta.
"Our first priority right now is turning around the company and achieving profitability," said newly appointed president and chief executive officer Peeyush Gupta. "We are aiming to raise the revenue contributions of high-value steel products, improve production efficiency and maintain our leadership position."
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About the author
- Writer: Charoen Kittikanya
- Position: Business Reporter
