Corus Group
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Formerly called
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Corus (1999–2010) |
|---|---|
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Subsidiary (Private limited company) |
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| Industry | Steel industry |
| Predecessor | Corus Group plc (1999) |
| Headquarters | London, United Kingdom |
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Key people
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Hans Fischer, CEO Bimlendra Jha CEO (Tata Steel UK) Henrik Adam, CCO Tor Farquhar, Executive Director Human Resources N.K Misra, Director Finance |
| Revenue | US$11.2 billion (2016) |
| US$-127 million (2016) | |
| Owner | Tata Group |
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Number of employees
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26,000 |
| Parent | Tata Steel |
| Website | tatasteeleurope.com |
Tata Steel Europe Ltd. (formerly Corus Group plc) is a steelmaking company headquartered in London, United Kingdom, with its main operations in the United Kingdom and the Netherlands.
Corus Group was formed through the merger of Koninklijke Hoogovens and British Steel plc in 1999 and was a constituent of the FTSE 100 Index. It was acquired by Tata of India in 2007, and renamed Tata Steel Europe in September 2010.
At formation Corus operated primary steelmaking plants (blast furnace) in Port Talbot, Wales, and Scunthorpe, and Teesside, England, and IJmuiden, the Netherlands, with additional steelmaking facilities in Rotherham, England (electric arc furnace), as well as downstream steel production of both long and flat steel.
Profitability at the business was affected by the aftermath of the Financial crisis of 2007–08 (see Great Recession): the Teesside plant was mothballed and sold in 2009/2010; the long products division including the steelworks at Scunthorpe was sold for a nominal sum to Greybull Capital in April 2016.
British Steel Corp. 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.
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