India-based steelmaker Tata Steel will continue to invest in its MagiZinc product for the automotive industry, the company said in a statement on Tuesday April 17.
The company will invest about €4 million ($5.25 million) in a second zinc-pot operation at its IJmuiden works in the Netherlands, where it will be installed on its third continuous galvanizing line.
The galvanizing line is now fit to produce advanced high-strength steels using a wider substrate, Tata said.
The company currently has seven galvanizing lines.
The construction of the new zinc-pot equipment will begin towards the end of this year, Tata said.
MagiZinc is a thin hot-dipped galvanized anti-corrosion coating, alloyed with aluminium and magnesium.
The product has “twice the corrosion protection of standard galvanized finishes and provides significant performance improvements for automotive press shops”, Tata claimed.
“The investment in a new zinc pot for the production of MagiZinc Auto strengthens the position of Tata Steel as a dedicated supplier to the automotive industry,” Tata Steel’s chief commercial officer in Europe, Dr Henrik Adam, said.