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Corus investeerd GBP 130 in Scunthorpe (UK)

1. sunnyb0y 17 februari 2005 10:05

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2. [verwijderd] 17 februari 2005 10:10

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   Corus announces major investment at Scunthorpe steelworks
   
   17 Feb 2005
   
   
   
   £130 million of investment at Scunthorpe steelworks
   Plan to significantly strengthen Corus’ manufacturing capability and competitiveness in rail, structural sections and wire rod
   Corus today announced further major investment of £130 million at Scunthorpe, one of its main steelmaking sites in the UK. This strategic investment will strengthen the Company’s competitive position in the structural sections, rail and wire rod markets by improving operational efficiency, product range and customer service.
   
   The investment, which will build on the Company’s Restoring Success programme, includes :
   
   Installing a new steel casting machine to replace an existing caster and intermediate rolling mill, with associated quality and efficiency improvements
   Establishing a world class rail production facility at the existing section mill, and an on-site service centre to improve customer service and offer longer rail lengths, up to 120 metres, in response to market demands
   Developing the rod and section mills to enhance rolling capability, flexibility, quality and service to customers
   Contract placement will begin next month, and the rail and sections development programme at Scunthorpe will be completed by November 2006. The Company expects the new caster and rod mill developments to be fully commissioned by August 2007.
   
   After investigating a number of options, including investment to produce longer rail at Workington, it was concluded that the Scunthorpe development represented the solution that would maximise business potential in this sector. As a consequence, Corus proposes to transfer rail production from its current UK manufacturing facility at Workington in 2006. During the consultation period with Trade Unions, Corus will examine alternative long term options for the site.
   
   The developments and change in process routes at Scunthorpe are expected to result in a net reduction of 161 jobs, primarily due to the closure of the intermediate rolling mill. Corus will do as much as it can to mitigate the effects of the job losses.
   
   Paul Lormor, Executive Director, Long Products Division commented, ’’This major investment will significantly improve our long products manufacturing capabilities, providing world-class processes that enable us to meet customers’ future expectations in the market place. The development represents a major step forward for the Division, and is part of Corus’ long products strategy to improve the competitiveness of its core products, add value and provide a platform for future growth’’
   
   Note to Editors
   
   The rail manufacturing facility at Workington employees 256 people and Corus also operates a process engineering business at Workington that has 301 employees. The process engineering business will be unaffected by the investment
   
   Corus Group plc (LSE/AEX: CS; NYSE: CGA) is one of the world’s largest metal producers with an annual turnover of £8 billion and major operating facilities in the U.K., the Netherlands, Germany, France, Norway and Belgium. Corus’ four divisions, comprising Strip Products, Long Products, Distribution & Building Systems and Aluminium, provide innovative solutions to the construction, automotive, packaging, mechanical engineering and other markets worldwide. Corus has around 48,500 employees in over 40 countries and sales offices and service centres worldwide. Combining international expertise with local customer service, the Corus brand represents quality and strength.
   
   To download free images of high resolution, visit www.newscast.co.uk. (+44 (0) 20 7608 1000).
   
   For further information, please call:
   
   Corporate Relations:
   
   Annanya Sarin
   
   Tel. +44 (0) 20 7717 4532
   Fax. +44 (0) 20 7717 4316
   
   
   www.corusgroup.com/en/news/news/2005_...
3. [verwijderd] 17 februari 2005 10:24

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   Corus gaat GBP 130 mln investeren in Scunthorpe (VK)
   
   AMSTERDAM (Dow Jones)--Corus gaat GBP 130 mln investeren in zijn staalfabriek Scunthorpe steelworks, aldus de staalproducent donderdag.
   
   Scunthorpe is een van Corus' voornaamste staalfabrieken in het Verenigd Koninkrijk.
   
   Corus verwacht uiteindelijk in augustus 2007 deze investeringen te hebben afgerond.
   
   Als gevolg hiervan zal Corus activiteiten van de fabriek in Workington naar Scunthorpe verplaatsen.
   
   Dit zal resulteren in het verdwijnen van 161 banen.
   
   Door Robin van Daalen, Dow Jones Nieuwsdienst, robin.vandaalen@dowjones.com; 31-20-5890270
   
   (END) Dow Jones Newswires
   
   February 17, 2005 04:21 ET (09:21 GMT)
   
4. [verwijderd] 17 februari 2005 10:51

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   Goed nieuws..
   
   Corus investeerd, dat betekend dat men ervan overtuigd is dat dit zinvol is voor de toekomst.. (en dat is uiteraard goed nieuws voor ons .. beleggers..)
   
   Grtz. Leon
5. [verwijderd] 17 februari 2005 12:51

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   Steel jobs cut in Corus shake-up
   
   Corus Group Plc is one of the world's largest metal producers
   More than 400 jobs are to go at steel giant Corus at its plants in Cumbria and North Lincolnshire.
   Rail track production is being transferred from the Workington plant to Scunthorpe, which is to undergo a £130m restructuring programme.
   
   Some 256 jobs will be axed in Workington and 161 cuts are expected in Scunthorpe.
   
   Bosses claim rail industry demands for longer sections of track can be better met at Scunthorpe.
   
   Longer rail track
   
   The Cumbria rail facility will close at the end of next year after an 18-month handover process to Scunthorpe.
   
   The process engineering business at Workington, which employs 300 workers, will not be affected by the changes, Corus has confirmed.
   
   A new mill is to be installed in Scunthorpe which would enable the plant to produce 120-metre sections of track opposed to the 40-metre rails manufactured at Workington.
   
   A steel casting machine will replace existing equipment and an on-site service centre will be built to improve customer service.
   
   Andrew Page, managing director of Corus Construction & Industrial said: "In overall terms this is excellent for the Scunthorpe area.
   
   "This represents the largest investment programme at the Scunthorpe site for over 30 years and will significantly enhance our service to customers in terms of quality, reliability and an improved product range."
   
   'Working party'
   
   Michael Leahy, general secretary of steelworkers' union Community said: "It is obviously disappointing news for our members at Workington, who will see Corus's rail production transferred to Scunthorpe, after over 100 years of production in the town.
   
   "Corus and the trade unions have agreed to set up a joint working party to explore possible alternative options for the Workington plant.
   
   "Community is committed to supporting our members in Workington, as well as those of the 161 who may become redundant in Scunthorpe."
   
   In April last year more than 200 jobs were axed at the Scunthorpe factory as part of a £32m restructuring and profit-boosting move.
   
   news.bbc.co.uk/1/hi/england/humber/42...