Posted on 11 Nov 2015
Tata Steel has joined hands with a
leading UAE-based petrochemical company, aimed at broadening its market base
for energy sector products in the Middle East.
Recognising the need to have local representation in Abu
Dhabi, Tata Steel has announced collaboration with International Development
Company (IDC) which will support it in obtaining national oil company
approvals, that are required in the region.
"Tata Steel, along with IDC, will introduce its
supply capabilities to oil and gas companies in the region, providing them with
an opportunity to work with a supplier who has an excellent track record of
providing for offshore and onshore line pipe projects worldwide," said
Richard Broughton, Commercial Manager, Energy and Power, Tata Steel.
The deal has come following increased focus by Tata Steel
on productivity in a bid to reduce the total cost of ownership for its customers'
projects.
"It is well known that this is a challenging time
for the European steel industry, but there is no effect on Tata Steel's ability
to provide high quality pipes to our customers in the energy sector. We will
continue to assist customers by reducing the total cost of project ownership
without comprising on quality," Broughton said.
IDC was established in 1978 in the UAE to supply
equipment into oil, gas, power and petrochemical industries for private
industrial projects.
