10 January 2019
Corporate News

The World Economic Forum recognises Tata Steel steelmaking plant as a ‘factory of the future’

Today, the World Economic Forum (WEF) announced Tata Steel Europe’s steelmaking plant at IJmuiden in the Netherlands has been inducted into its prestigious community of ‘Lighthouses’, a distinction awarded to manufacturing facilities which are seen as leaders in the technologies of the Fourth Industrial Revolution.

Assessing more than 1,000 factories in 2018, the WEF recognises Tata Steel’s IJmuiden plant and six others as ‘Manufacturing Lighthouses’, state-of-the-art production facilities which successfully adopt and integrate the cutting-edge technologies of the future and drive financial and operational impact. This makes Tata Steel part of a network of just 16 key factories to create the world’s leading learning platform for production. To aid the learning and adoption of technologies by other companies, the Lighthouses companies are committed to open their doors and share their knowledge with other manufacturing businesses.

Hans Fischer, CEO of Tata Steel in Europe, said: 'It’s an honour to be recognised by the WEF as one of a handful of manufacturing facilities worldwide which set a global benchmark for the factory of the future.

'This is no doubt an acknowledgement of both, the thriving culture of innovation at Tata Steel, and the advanced analytics team’s vision and commitment to realising more efficient, productive and responsible steelmaking.”

Tata Steel’s site at IJmuiden has been lauded for its pioneering use of advanced analytics to optimise the way raw materials are used, increase the yield at every step of the steelmaking process and further improve logistics between the different processes and the quality of the product for customers. Additionally, the recently established Advanced Analytics Academy gives Tata Steel’s employees an impetus to find solutions for waste reduction, quality improvement and overall reliability of production processes.

TV Narendran, Managing Director and CEO of Tata Steel Limited, added: “Over the last couple of years, we have made concerted efforts, both in Europe and India, to leverage technology in a game-changing manner across our value chain to gain competitive advantage and to enhance our customer and stakeholder experience.  We are delighted to be recognised for our efforts and look forward to collaborating with the World Economic Forum to share our learnings from this journey.”

 In 2017 the World Economic Forum set up a network of leading intelligent production companies (Lighthouses) under its Shaping the Future of Production initiative to allow the exchange of knowledge and promote collaborations in the area of the ‘Fourth Industrial Revolution’ in production. This describes the advances in communications and connectivity which are allowing technologies such as artificial intelligence and robotics to become more embedded within the economy and society. 'Lighthouse' factories are showcases of how best to develop a strategy for the ‘Fourth Industrial Revolution’, train employees, cooperate with other parties, implement the changes in the workplace and in the value chain and through greater efficiency and contribute to reducing the climate footprint of production companies by 50%. 



For further information: Damien Brook on T. +44 (0)7951989490 or damien.brook@tatasteeleurope.com

About Tata Steel’s European operations

Tata Steel is one of Europe's leading steel producers, with steelmaking in the Netherlands and the UK, and manufacturing plants across Europe. The company supplies high-quality steel products to the most demanding markets, including construction and infrastructure, automotive, packaging and engineering. Tata Steel works with customers to develop new steel products which give them a competitive edge. The combined Tata Steel group is one of the top global steel companies, with an annual crude steel capacity of 27.5 million tonnes and more than 65,000 employees across five continents. The group’s turnover in the year ending March 2018 was US $20.4 billion.

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