Page 13 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability Corporate Governance Policy Financial Statements Attachments
Business Description of the Company
Tata Steel (Thailand) Public Company Limited (TSTH) was formerly known as Millennium Steel Public Company Limited. Millennium Steel Public Company Limited was established by merging the businesses of N.T.S. Steel Group Plc., (NTS) whose shares were held by Horrungrueng Group; and Siam Iron and Steel (2001) Co., Ltd (SISCO) and Siam Construction Steel Co., Ltd (SCSC), whose shares were held by Siam Cement Holding Limited. In 2006, Tata Steel Limited (TSL), through its wholly owned subsidiary T S Global Holdings Pte. Ltd. (“TSGH”), acquired the majority stake in Millennium Steel Public Company Limited. Subsequently, the Company changed its name from Millennium Steel Public Company Limited to Tata Steel (Thailand) Public Company Limited.
The Company’s major shareholder, “TSGH”, is a wholly owned subsidiary of “TSL” and operates its business as an investment company with its corporate office in Singapore. TSL is a registered company incorporated under Indian Laws and is among the largest integrated steel producers in India. TSL is in the same industry as
TSTH. However, TSL’s product range is more diversified and the Company caters to a wider group of customers. TSL extends support to TSTH in the business operations by providing assistance in technology knowhow; treasury & finance; training & development of people; occupational safety, health & environment; and Information technology through its network of manufacturing plants and offices around the world. TSL develops and implements the long products strategy in India & SE Asia in an integrated manner.
TSTH operates its business as a holding company with Tata Steel Manufacturing (Thailand) Public Company Limited (TSMT) as its operating subsidiary. TSMT operates with three manufacturing units NTS plant, SCSC plant, and SISCO plant and manufactures Reinforcement bars including ready to use Cut & Bend products, Wire Rods, Small Sections and Special Bar Quality steel in continuosly upgraded facilities and led by an experienced and knowledgeable management team.
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