Europe and Indian operations get closer for Tata Steel

Mumbai : After focusing on raw material integration, Tata Steel’s Indian and European operations will now work towards developing new generation products and technology for both domestic and export markets. But for Karl Kohler, Tata Steel Europe is also not a finished business, yet. The days of cash losses are certainly over and the turnaround is slowly, but painstakingly, taking a firm shape. “We are lagging behind. Still to position ourselves in the right area of competition. This gap has to close," he admitted.

In his first interaction with the Indian media, Kohler, Tata Steel Europe’s CEO and MD, shared his future plan to stabilise operations further. "We are striving for customer focus, technology leadership, operational excellence and rightsizing manpower and costs. We are going to try to achieve an Ebitda (earnings before interest, taxes, depreciation, and amortisation) of $100 per tonne. That is our target in a five years," he said.