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Manufacturing processes on the site will be brought closer together as part of the £25 million scheme which is being paid for in part by the sale of land freed up by the changes as well as savings resulting from operational improvements.
Within the two-year investment project, a single high-tech warehouse will be built, and the rectangular hollow section processing line and the cold mill will be relocated and upgraded. A single site warehouse in the East Works, which will support 18,000 mt of finished tube products, will allow the closure of the South warehouse, while it will bring significant advantages to the current system, enabling the operations to rotate stock much more efficiently and reduce stock losses. The relocation of the rectangular hollow section processing line and the cold mill will improve operational efficiency and reduce energy consumption.
According to the company, the program will map out a sustainable future for the Corby site and lays the foundations for future growth.
“Steel is, and will continue to be, an essential part of the UK’s plans to decarbonize for the future. We need to ensure we are able to make and supply the products right here in the UK which will help transition to a net-zero future,” Sandip Biswas, chairman of Tata Steel UK, said.