Steel Center Europe is a sheet metal processing center owned equally by Sumitomo Corporation and Bamesa. It is a joint venture established by Sumitomo in 2004 in partnership with Toyota Tsusho, and expanded in 2020 through a partnership with Spain's Bamesa.
Tata Steel Europe announced this strategic alliance on its LinkedIn account. However, no information about the details of the agreement was shared. However, industry commentators suggest that Zeremis, Tata Steel's reduced carbon emission steel brand, could play a key role in this deal. It is speculated that the cooperation is based on the supply of Zeremis to Steel Center Europe in the Czech Republic.
Sumitomo Group stated that it has created a dedicated department to support sustainability goals across Europe, further strengthening the company's commitment to its green transformation goals. This department is expected to spearhead efforts to reduce the carbon footprint of the steel industry in particular.
This agreement reflects the desire of both companies to adopt more environmentally friendly production processes and take decisive steps towards reducing carbon emissions in the industry. This move by Tata Steel to make its production processes more sustainable, especially in Europe, is considered as another important development that shows the acceleration of green transformation in the steel industry.
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