Global steel producer Tata Steel is supporting a prestigious new award that is set to become the engineering industry’s own answer to the Nobel Prize.
Called The Queen Elizabeth Prize for Engineering, it will be launched by Prime Minister David Cameron today (Friday 18 November) and will become the richest award of its kind in the world, worth nearly double the total shared by Nobel laureates.
Speaking of the award sponsorship, Dave Taylor of Tata Steel said: “We are honoured to be supporting such an esteemed prize that supports an industry that deserves recognition for its achievements.”
“We also believe it will inspire young people to become the engineers of the future and that can only be a welcome boost for the industry as a whole.”
Managed by the Royal Academy of Engineering, the prize will be awarded biennially. Nominations for the first prize will begin in February 2012. An international panel of judges will then choose the winner in 2013 based on which engineering achievement has created the most significant benefit to humanity.
Tata Steel is one of 11 companies to fund The Queen Elizabeth Prize for Engineering. Part of the Tata Group – which includes Jaguar, Land Rover and Tetley Tea – Tata Steel is a multinational company specialising in Building Cladding, present in 50 countries and has approximately 80,000 employees around the globe. Based in India, Tata Steel is Europe’s second largest steel producer with annual revenues of around £12 billion.
To find out more about Tata Steel, visit www.tatasteeleurope.com/en/.
ENDS
Media information: Bob Jones at Tata Steel on +44 (0)207 717 4532 or email bob.jones@tatasteel.com.
Notes to Editor:
- Tata Steel is Europe’s second largest steel producer and part of the global Tata Group, which includes Jaguar, Land Rover and Tetley Tea.
- Tata Group is a multi-national company that is present in 50 countries and has approximately 80,000 employees worldwide.
- Based in India, Tata Steel (formerly known as Corus) has its main steelmaking operations in the UK and the Netherlands and has an aggregate crude steel capacity of more than 28 million tonnes.
- As one of the world’s top 10 steel producers, Tata Steel supplies steel and related services to the construction, automotive, packaging, material handling and other demanding markets worldwide.
- For more information visit www.tatasteeleurope.com/en/.
- High resolution, 300 dpi photographs are available on request.