Tata Steel Europe
Corus was a Dutch- British company that produced steel and aluminum and was taken over by the Indian Tata Steel 2007. Since October 27, 2010 Corus operates as Tata Steel Europe.
Company History
Corus was born on 6 March 1999 from the merger of the Dutch company Koninklijke Hoogovens with British Steel. The shares of Corus were traded on the London Stock Exchange in the FTSE 100, the New York Stock Exchange and the Dutch stock exchange.
The company had steel plants in the UK at Port Talbot in south Wales, in Scunthorpe ( North Lincolnshire ), in Teesside ( Cleveland) and in IJmuiden (Netherlands). Furthermore, there steelworks at Shotton, northern Wales, in Tostre, Rotherham and Stocksbridge, South Yorkshire, Motherwell, North Lanarkshire (Scotland) and Dusseldorf. In the French Hayange is a rolling mill, which mainly rails rolled ( rolling characters: CORUS HY) was modernized and the end of 2011.
For the rolling and extrusion activities of the aluminum division, a purchase agreement with the American company Aleris was signed in May 2006.
On 2 April 2007, Corus was taken over by the Indian steel company Tata Steel for € 9.4 billion. The last trading day of the stock on the London Stock Exchange was 29 March 2007.
On 4 December 2009 Corus has announced the elimination of 1,700 jobs in Teesside.
From 27 September 2011, all works (formerly Corus) renamed Europe Corus Tata Steel Europe, but here they still retain their network name, daughters are also not renamed.
Company details before takeover
Board of Directors
Philippe Varin, Jim Leng, David Lloyd, Stuart Pettifor, Henk Vrins, Dr Anthony Hayward, Richard Turner, Eric van Amerongen, Maarten van Veen, Prof. Kurt Lauk, Andrew Robb, Richard Reeves
Major shareholders
Brandes Investment Partners 10.9% German Bank AG 3.15% Gallagher Holdings Limited 2.93% Standard Life Investments Limited. 3.14% Legal & General Group plc 3.92% Barclays plc 3.01%
Cooperations
Corus was the sponsor of the famous Corus chess tournament in Wijk aan Zee, Netherlands.
In October 2005, Corus obliged to source a large proportion of its electricity from Eon and has long-term bound to the power plant operators. Corus had announced the closure of the aluminum plant in Voerde if no competitive electricity prices can be negotiated.