, normally referred to simply as '''Corus''', (, , ) is one of the world's largest producers of
Steel and
Aluminium , headquartered in
London ,
United Kingdom . It was formed from the merger of Koninklijke Hoogovens N.V. with British Steel Plc on
6 October 1999 . It is listed on the
London Stock Exchange (where it is a constituent of the
FTSE 100 Index ),
Euronext Amsterdam and the
New York Stock Exchange .
Corus has been structured into four divisions. These are:
- Strip Products Division,
- Long Products Division,
- Distribution and Building Systems Division,
- Aluminium Division.
It has major integrated steel plants at
Port Talbot in South
Wales ;
Scunthorpe ,
North Lincolnshire ;
Teesside ,
Cleveland (all in
England ) and
IJmuiden , the
Netherlands . It also has a steel plants situated at
Rotherham and
Stocksbridge ,
South Yorkshire ,
England . Group turnover for the year to 31 December 2005 was £10.142 billion. Profits were £580 million before tax and £451 million after tax.
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 would retain its smelting operations would supply Aleris under a long-term agreement.
Corus is the sponsor of the
Corus Chess Tournament in the
Netherlands .
was a large British
Steel producer, consisting of the assets of former private companies which had been
Nationalised , largely under the
Labour Party government of
Harold Wilson (1964-1970).
The former
British Steel Plc emerged from the privatisation of the British Steel Corporation in 1984. This corporation was formed in 1967 when the majority of British steel producers were taken into public ownership.
In 1971, they sponsored Sir
Chay Blyth in his record-making non-stop
Circumnavigation against the winds and currents, known as 'The Impossible Voyage'. In 1992, they sponsored the
British Steel Challenge , the first of a series of 'wrong way' races for amateur crews.
It was
Privatised in 1988 under the
Conservative government of
Margaret Thatcher . It merged with the
Dutch steel producer ''Koninklijke Hoogovens'' to form ''
Corus Group '' on
6 October 1999 .
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was a
Dutch steel producer founded in 1918. It was located in
IJmuiden . This plant is now part of the Anglo-Dutch Corus Group steel company.
Koninklijke Hoogovens was founded in 1918.
