Tata Steel to improve output

Afghanistan News.Net
Wednesday 19th November, 2008

India’s Tata Steel has said it plans to double its profit margins over the next five years.

B. Muthuraman, chief executive of the world’s fifth-biggest steelmaker, said he was optimistic the target could be reached.

He said the company would improve manufacturing procedures in its European plants while opening up its own sources of iron ore in North America and Africa.

Mr Muthuraman said the current economic problems for the industry were temporary and ruled out any substantial job cuts for its European plants.

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