Bull Crossing

Knowledge is Bliss

The World on Tata

Posted by g.e. on October 7, 2006

Curiously the media reaction has been very positive on Tata‘s bid fo Corus. I shudder to think what the western media would have said of a similar deal for Corus by, say, Baosteel!

BW on the deal’s arithmetic:
Corus is the world’s ninth-largest steel producer by 2005 output and Tata is in 56th place, according to figures from the International Iron and Steel Institute.

A combined Tata-Corus entity would have an annual steel production of 25 million tons, making it the world’s fifth or sixth largest steel producer, according to a recent JPMorgan Chase & Co. report.

Last year, the company bought the 2 million-ton-a-year steelmaking operations of Singapore’s NatSteel Ltd. and another 40 percent stake in Thailand’s Millennium Steel PCL.

Outside of steel, the Tata hunt has bagged other quarry such as Britain’s Tetley Tea, U.S. telecom network operator Tyco Global, Daewoo Commercial Vehicles, and Boston’s Ritz Carlton hotel.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: