facebook
twitter
search
search

Tata and Australian partner in new venture

Sept. 2, 2005 at 3:52 PM

BANGALORE, India, Sept. 2 (UPI) -- India's giant Tata Group industrial conglomerate will jointly produce steel coating and paints with an Australian partner.

BlueScope Steel, Australia's biggest steelmaker, and Tata Iron and Steel Co. have yet to pick a site.

"We are close to arranging a memorandum of understanding with BlueScope in terms of working together in coating and painting lines in India," Tata chairman Ratan Tata said.

The Tata Group conglomerate comprises 91 operating companies, covering businesses ranging from telecoms to tea.

Related UPI Stories
Topics: Ratan Tata
Latest Headlines
Trending Stories
Rapper DMX found unconscious, revived by New York police
Alaska woman claims McDonald's Happy Meal hasn't aged in six years
N.H. primary polls open: Kasich, Sanders get early leads
5 Reasons why Denver Broncos won't be repeat champions
Exposure to flashing light may prevent jet lag