Tata Steel India wins Deming Application Prize
08 October 2008
Tata Steel India has become the first integrated steel maker in the world outside Japan, to be awarded the Deming Application Prize for excellence in Total Quality Management.
The company won the award for the year 2008. The award was announced today by the Deming Prize Committee instituted by the Japanese Union of Scientists and Engineers (JUSE), the apex body spearheading the quality movement.
While expressing satisfaction over this accomplishment, B Muthuraman, managing director, Tata Steel, said, ''No other activity made us think so deeply about our business and relationships than the process of applying for the Deming Prize.
The formal award ceremony will take place on 12 November 2008 in Tokyo.
"Total Quality Management (TQM) is a fundamental way of managing business and every organization can gain from institutionalizing the culture necessary to win this prize," Muthuraman said.
Tata Steel Group (including Corus) is the world's sixth largest steel producer and the world's second most geographically diversified steel producer, with operations in 24 countries and ereported a turnover of $33 billion in 2007-2008. The company was established in 1907 as Asia's first integrated private sector steel company, and today has a crude steel capacity of over 28 million tonnes.
