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The Tinplate Company of India Limited (TCIL) is a subsidiary of Tata Steel. Founded in 1920, TCIL is India's oldest and current largest tinplate manufacturer. The company is described as having "pioneered the tinplate industry in India". [84] TCIL has a 70% market share in India and exports a fourth of its products outside India. [85] [86]
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Tinplate consists of sheets of steel coated with a thin layer of tin to impede rusting. Before the advent of cheap mild steel , the backing metal (known as "backplate") was wrought iron . While once more widely used, the primary use of tinplate now is the manufacture of tin cans .
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Richard Thomas & Co Ltd was an iron, steel and tinplate producer and colliery proprietor. The founder, Richard Thomas (died 1916), leased two tinplate works in Gloucestershire: Lydbrook in 1871 and Lydney in 1876. He went on to acquire local collieries and, in 1888, the Melingriffith Tin Plate Works near Cardiff. [2]
Unlike tinplate, it was not used for long-term storage or around food items, owing to the high lead content. Terne plate has also been used for roofing, as a cheaper alternative to zinc or lead. Until 2012 lead had been replaced with the metal zinc and was used in the ratio of 50% tin and 50% zinc. This alloy had a low melting point of ...
A share price is the price of a single share of a number of saleable equity shares of a company. In layman's terms, the stock price is the highest amount someone is willing to pay for the stock, or the lowest amount that it can be bought for.
In 2006 CSN made a rival bid to acquire the Anglo-Dutch steel firm Corus, following an announcement the acquisition of Corus by Tata Steel of India for $8.1 billion (£4.5 billion, or £4.55 per share). Competitive bidding between the two companies raised the final price to £6.08 per share in 2007, with Tata outbidding CSN.