Tasked to support Singapore’s nation-building efforts, NISM's products
were used in most construction projects island-wide, such as HDB flats,
MRT lines, Changi Airport Terminal 1 and OCBC Building.
In 1990, NISM changed its name to “NatSteel”. Backed by
profitable operations and a healthy balance sheet, it began to internationalise
its operations. By the start of the 21st century, it had established a strategic footprint in the growing economies
of the Asia Pacific as well as built a premium brand name, NatSteel,
widely respected for its quality products and expertise.
In
2004, NatSteel Asia (Singapore) Pte Ltd was incorporated — it was
the steel business in Singapore which was divested by NatSteel
and later renamed as NatSteel Asia Pte Ltd.
A new exciting chapter began in February 2005, when NatSteel Asia
was sold to Tata Steel in India, one of the most profitable steel
companies in the world. Together, we have forged a partnership built
on complementary strengths and purposes. And as part of Tata Steel,
we are in a unique position to tap growth opportunities in Asia and
create a formidable pan-Asian steel group.
The entire business of NatSteel Asia Pte Ltd was transferred to
NatSteel Holdings Pte Ltd from 1 August 2008 as part of Tata Steel
Limited's internal restructuring exercise of its Asia-Pacific
subsidiaries.
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