Tata Steel Joins Hands With IDC To Expand Middle East Presence

10/11/2015 3:40 PM IST | Updated 15/07/2016 8:25 AM IST
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GLASGOW, SCOTLAND - OCTOBER 22: General view of the Tata Steel Clydebridge Works Cambuslang, on October 22, 2015 in Glasgow, Scotland. 270 Scottish workers have been affected by the redundancy and closure plans put forward by the company with the total rising to 1,200 across the UK. Tata Steel claim to be experiencing financial difficulties in the competitive global steel market due to a flood of cheap imports from China and the high cost of electricity. (Photo by Mark Runnacles/Getty Images)

DUBAI -- 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.

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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.

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