Tata Steel's CEO Kohler calls on UK government to 'remove obstacles for growth'
London, July 29 (ANI): Chief Executive of Tata Steel Europe, Karl-Ulrich Kohler has demanded the steel industry, the foundation of many manufacturing supply chains in the United Kingdom, to be a "viable part of greater growth", as the country struggles to exit the worst recession for decades.
Kohler said that the UK Government needs to take action to 'boost competitiveness' and give Britain a level playing field against the rest of Europe in terms of regulation and energy costs.
"We are asking the Government for support. We do not need more obstacles but a level playing field," the Daily Express quoted Kohler, as saying.
"British manufacturing is facing significant disadvantages compared with its competitors such as the rise in energy costs resulting from green energy levies such as renewable obligations and challenges such as business rates," he added.
Tata Steel which bought Corus, formerly British Steel, in 2007, and is Europe's second-largest steelmaker by capacity after steel tycoon Lakshmi Mittal's ArcelorMittal, announced a 240 million pound investment in the UK, including a 185 million pound plan to rebuild a blast furnace in Port Talbot, South Wales.
Kohler believes that the UK needs a "strategic industrial policy" to help repair the fractured supply chain and "retain value" in the country.
"Otherwise erosion will go on over time," he warned. (ANI)
Read More: Lakshmi Narayan Mittal | Sunil Bharti Mittal | Safdarjung Air Port | Balipur Tata | Lakshmi Bazar | Cuddalore Port | Salem Steel Plant | Lakshmi Coil | Durgapur Steel Project So | Durgapur Steel Town West | Durgapur Steel Town East | Haldia Port | Lakshmi Narayan Pur | Metal & Steel Factory | Lakshmi Pabartak | Lakshmi Janardanpur | B.supply | Bokaro Steel City H.o. | Tata College Chaibasa | Hindustan Steel Colony
Bangladesh online activist calls for banning of Jamaat-e-Islami
May 20, 2013 at 4:13 PM
JD (U) Leader slaps defamation against Lalu Yadav for calling him 'alsatian'
May 20, 2013 at 4:12 PM
LI KEQIANG DISCUSSES IMPROVING MUTUAL TRUST WITH INDIA (UPDATE)
May 20, 2013 at 3:39 PM