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Tata Steel Europe
Tata Steel Europe
Tata Steel Europe
Subsidiary Steel Koninklijke Hoogovens N.V. in 1918 British Steel Corporation in 1967 Corus in 1999 London, United Kingdom Karl-Ulrich Kohler, MD & CEO Uday Chaturvedi, CTO Tor Farquhar, Executive Director Human Resources Frank Royle, Director Finance Steel GB10,142 million (2005)
Products Revenue
Operating income GB680 million (2005) Net income Employees Parent Website GB451 million (2005) 50,000 Tata Steel, member of Tata Group http:/ / tatasteeleurope. com
Tata Steel Europe (formerly Corus Group) is a multinational steel-making company headquartered in London, United Kingdom.[1][2] It is the second-largest steel-maker in Europe and is a subsidiary of Tata Steel of India, one of the ten largest steel producers in the world.[1] Corus Group was formed through the merger of Koninklijke Hoogovens and British Steel on 6 October 1999 and was a constituent of the FTSE 100 Index until it was acquired by Tata in 2007. On 27 September 2010 Corus announced it was changing its name to Tata Steel Europe and adopting the Tata corporate identity.
History
Background - Corus
British Steel Corporation was a large British steel producer, consisting of the assets of former private companies which had been nationalised on 28 July 1967 by the Labour Party government of Harold Wilson. On 5 December 1988 the company was privatised as a result of the British Steel Act 1988. Koninklijke Hoogovens was a Dutch steel producer founded in 1918, located in IJmuiden. On 6 October 1999 British Steel merged with Koninklijke Hoogovens to form 'Corus Group' forming the third largest producer of steel behind POSCO of South Korea and Nippon Steel of Japan. British Steel formed about two-thirds of the merged group. On 16 March 2006, Corus announced that it had signed a letter of intent to sell its aluminium rolled products and extrusions businesses to Aleris International, Inc. for 570m. Corus retained its smelting operations and supply
Tata Steel Europe Aleris under a long-term agreement. On 1 August, the sale to Aleris Europe was completed.[3]
Operations
Since 2008, Corus and subsequently Tata Steel Europe has been structured into three divisions. These are: Strip Products Division Long Products Division - construction, industrial, engineering, rail and tubular products Distribution and Building Systems Division - steel products for the building industry, and distribution for other products Following the sale of Teesside Steelworks to SSI in February 2011, Tata now operate three major integrated steel plants: Port Talbot, South Wales Scunthorpe, North Lincolnshire IJmuiden in the Netherlands It also has rolling mills and steel product manufacturing sites situated at: Shotton, North Wales (which manufactures Colorcoat products) Trostre, Llanelli (manufactures Tinplate) Llanwern, Newport Rotherham (Aldwarke) (manufactures Engineering Steel[7]) Rotherham (Brinsworth Strip Mills) Stocksbridge, South Yorkshire Motherwell, North Lanarkshire, Scotland (Dalzell Works) (manufactures Steel Plate) Cambuslang, South Lanarkshire, Scotland (Clydebridge Works) Hayange, France (Rail Mill) Bergen, Norway Moerdijk, Netherlands
In addition it has tube mills located at Corby, Stockton and Hartlepool in England and Oosterhout, Arnhem, Zwijndrecht and Maastricht in the Netherlands. It has service centres predominantly in Northern Europe and sales offices in around 70 countries around the world. It has a color coating line in Sakarya, Turkey. Tata is the sponsor of the Tata Steel Chess Tournament in the Netherlands and the UK triathlon team. On 26 January 2009, Corus announced job cuts of 3500 worldwide and 2500 in the UK due the economic downturn and the reduction of steel demand. It was announced that Corus's Rotherham plant would suffer the worst cutting over 600 jobs. On the same day it was announced that Corus would be closing down its defined benefit pension scheme to new members.
Products
Construction
Corus' steel products for construction include: "Advance" sections - standard structural sections such as universal beams, universal columns, piles and angle sections "Celsius" sections - hot-finished hollow sections "Hybox" sections - cold-formed hollow sections Slimdek - composite metal decking Corus publish a reference guide known as the "Blue Book", which contains details of construction steel sections, and design information to use with Eurocode 3 and BS 5950.
Electrical steels
Tata Steel Europe produce electrical steels via their subsidiary Cogent Power.[8] Tata Steel Europe also intends to produce steel roofs that generate power, using Dyesol technology.
References
[1] [2] [3] [4] [5] "Tata Steel in Europe" (http:/ / www. tatasteeleurope. com/ en/ company/ european_operations/ ). Tata Steel. . Retrieved 29 November 2010. "Addresses" (http:/ / www. tatasteeleurope. com/ en/ contact/ addresses/ ). Tata Steel. . Retrieved 29 November 2010. Corus of approval for Aluminium sale (http:/ / business. scotsman. com/ corus/ Corus-of-approval-for-aluminium. 2759544. jp) "India's Tata wins race for Corus" (http:/ / news. bbc. co. uk/ 2/ hi/ business/ 6315823. stm). BBC. 31 January 2007. . Retrieved 2007-11-26. Ryan, Jennifer (25 October 2006). "Tata Debt for Corus Leaves Derivative Trades in Lurch" (http:/ / www. bloomberg. com/ apps/ news?pid=20601109& sid=anH6oe4Dyf. I& refer=home). Bloomberg. . Retrieved 2006-10-25. [6] "Watchdog sets Corus bid deadline" (http:/ / news. bbc. co. uk/ 2/ hi/ business/ 6193913. stm). BBC News. 19 December 2006. . Retrieved 30 April 2010. [7] European producers of Engineering Steel (http:/ / www. steelonthenet. com/ kb/ engineering-steel-sbq-producers-bar-europe-2010. html) [8] Electrical Steels (http:/ / www. corusgroup. com/ en/ products/ electrical_steels/ electrical_steels_general)
External links
Official website (http://tatasteeleurope.com)
License
Creative Commons Attribution-Share Alike 3.0 Unported //creativecommons.org/licenses/by-sa/3.0/