http://www.corusgroup.com en 27-Aug-2010 15:39:29 Corus Vignette 7 Framework Copyright: (C) Corus 15 http://www.corusgroup.com/static/images/rss.gif http://www.corusgroup.com/ Corus UK Limited (“Corus”) and Sahaviriya Steel Industries Public Company Limited (“SSI”), Thailand’s largest steel producer, have today signed a Memorandum of Understanding (MoU) which sets out the scope of a potential transaction whereby SSI would acquire from Corus the Teesside Cast Products (TCP) business in a transaction valued at approximately US$500 million (GBP320 million). http://www.corusgroup.com/en/news/news/2010_mou_for_potential_sale_of_tcp df9c694adb2ba210VgnVCM100000049417acRCRD Corus Speciality Steels has increased transaction prices for its aerospace products by between 4% and 10% on orders acknowledged for delivery after 1 January 2011. http://www.corusgroup.com/en/news/news/2010_aerospace_steel_price_increase 4f0d2191dd3ba210VgnVCM100000049417acRCRD Corus is to invest £185 million into the No 4 Blast Furnace at Port Talbot steelworks. The investment will make a significant contribution to the sustainability of the steel industry in Wales. http://www.corusgroup.com/en/news/news/2010_blastfurnace_rebuild 80311c456077a210VgnVCM100000049417acRCRD Corus today unveiled plans to construct a new £31.5-million manufacturing plant in Teesside which would potentially create 220 jobs. http://www.corusgroup.com/en/news/news/2010_plans_to_make_wind_tower_components f42712ed1176a210VgnVCM100000049417acRCRD Tata Steel Limited today declared its Consolidated Results for the quarter ended June 30, 2010. http://www.corusgroup.com/en/news/news/2010_q1_results a33dd52f0966a210VgnVCM100000049417acRCRD Corus is to invest £8 million at a Scottish steel plant to help meet demand for heavy plate products. http://www.corusgroup.com/en/news/news/2010_jobs_investment_dalzell 8beb722e0bd5a210VgnVCM100000049417acRCRD In just 10 weeks, Corus Kids of Steel events have enabled nearly 10,000 children aged 8-13, from over 300 schools up and down the country, to take part in their first triathlon. http://www.corusgroup.com/en/news/news/2010_thousands_compete_in_kos 75f4d101a591a210VgnVCM100000049417acRCRD Tata Steel is the presenting partner of the International Triathlon Union World Championship London in Hyde Park over the weekend of the 24/25 July 2010. http://www.corusgroup.com/en/news/news/2010_triathlon_london 0acd04348faf9210VgnVCM100000049417acRCRD This weekend’s Dextro Energy Triathlon ITU World Championship London, presented by Tata Steel, in Hyde Park will feature Europe’s largest elite paratriathlon race. Entries are up thirty percent on last year as the sport enters the final stretch of a long process to decide its Paralympic future. http://www.corusgroup.com/en/news/news/2010_hyde_park_paratriathlon 84ac1e6008ff9210VgnVCM100000049417acRCRD Corus has announced plans to recruit 154 new workers for its South Yorkshire manufacturing operations and the resumption of apprentice and graduate recruitment. http://www.corusgroup.com/en/news/news/2010_speciality_steels_investment 4a76993429ae9210VgnVCM100000049417acRCRD I read with interest at the weekend in an anonymously sourced newspaper report that Kirby Adams has decided to resign as chief executive of Corus following a “series of rows” ... http://www.corusgroup.com/en/news/news/2010_muthuramen_statement 07ca02adbc289210VgnVCM100000049417acRCRD Tata Steel today announces that, with effect from October 1 2010, Kirby Adams will hand over responsibility for the leadership of Tata Steel Europe to Dr Karl-Ulrich Köhler, who will become Managing Director and Chief Executive Officer. http://www.corusgroup.com/en/news/news/2010_leadership_handover_at_Tata_Steel_Europe ad346d0a91e69210VgnVCM100000049417acRCRD Corus has increased transaction prices for reversing mill plate by £60 per tonne on all new orders from June 4. http://www.corusgroup.com/en/news/news/2010_reversing_mill_plate_price_increase 5cb9b0018a119210VgnVCM100000049417acRCRD Tata Steel Limited today declared Audited Consolidated Group Financial Results for the financial year ending March 31 2010. http://www.corusgroup.com/en/news/news/2010_results_tsg_may 613f744abcfc8210VgnVCM100000049417acRCRD Kirby Adams and Jon Bolton hosted His Royal Highness Prince Charles and a delegation from Business in the Community, one of The Prince’s Charities, at Teesside Cast Products during a tour of Teesside today. http://www.corusgroup.com/en/news/news/2010_hrh_prince_charles_teesside c92dd97a500b8210VgnVCM100000049417acRCRD New plant at Corus’ Port Talbot steelworks that will reduce the site’s carbon dioxide emissions by some 240,000 tonnes per year was launched today. http://www.corusgroup.com/en/news/news/2010_60m_climate_change_wales c46616fc2e688210VgnVCM100000049417acRCRD Kirby Adams visited Newham on Wednesday to watch the first Corus Kids of Steel triathlon of 2010. http://www.corusgroup.com/en/news/news/2010_kos_newham 8915a61f61448210VgnVCM100000049417acRCRD Corus will increase transaction prices for structural sections by £80 per tonne on all deliveries from May 30. http://www.corusgroup.com/en/news/news/2010_structural_steel_price_increase 715ca61f61448210VgnVCM100000049417acRCRD Corus has increased transaction prices for reversing mill plate prices by £80 per tonne on all new orders from April 23. http://www.corusgroup.com/en/news/news/2010_price_rise_plate 944a99f8f4928210VgnVCM100000049417acRCRD Corus is first to market with an innovative, new grade of steel, Dual Phase (DP) 800HyPerform – an advanced high-strength steel designed specifically with the needs of the automotive industry in mind. http://www.corusgroup.com/en/news/news/2010_new_product_hyperform a37a64aa0f8b7210VgnVCM100000049417acRCRD Corus has secured a letter of award for a prestigious pipeline order from Total E&P UK Ltd worth nearly £200 million. http://www.corusgroup.com/en/news/news/2010_corus_wins_prestigious_order 776f766ca0b87210VgnVCM100000049417acRCRD Corus Long Products is to increase transaction prices for reversing mill plate by £60 per tonne, effective on all orders received from March 22. http://www.corusgroup.com/en/news/news/2010_reversing_mill_price_increase 75e93831cd677210VgnVCM100000049417acRCRD The partial mothballing of Teesside Cast Products, which was announced in December 2009 and put into effect on February 19 2010, has received plenty of media attention. Much of the coverage and comment has served to distort a proper understanding of the events that led up to the decision and of related issues. This document sets out the facts and debunks the myths. http://www.corusgroup.com/en/news/news/2010_tcp_myths_and_facts cdd9dff720f27210VgnVCM100000049417acRCRD UK Steel Enterprise, the Corus subsidiary that helps the economic regeneration of communities affected by changes in the steel industry, has announced an £8.3m package of support measures, in the wake of the job losses on Teesside. http://www.corusgroup.com/en/news/news/2010_ukse_tcp 5478dff720f27210VgnVCM100000049417acRCRD Corus Staal BV and Cindu BV, shareholders in Cindu Chemicals BV, on March 1 sold their shares in Cindu Chemicals to Koppers International BV, a wholly owned subsidiary of Koppers Holdings Inc, for an undisclosed consideration. http://www.corusgroup.com/en/news/news/2010_corus_sells_tar_stake d0aefc9e36e17210VgnVCM100000049417acRCRD Following Corus Long Products' price rise announcement in January, the company has confirmed a £60 per tonne increase on the base price of forging steels on all products for delivery from April 5, 2010. http://www.corusgroup.com/en/news/news/2010_price_rise_forging_steels 3c9dddd895bf6210VgnVCM100000049417acRCRD Tata Steel Limited today declared Unaudited Consolidated Group Financial Results for the first nine months and for the third quarter (Q3) ending December 31, 2009. http://www.corusgroup.com/en/news/news/2010_q3_results 4ac2b326b16d6210VgnVCM100000049417acRCRD Corus is to raise its prices in Europe from March 1 for hot and cold rolled, hot dipped galvanised as well as organic coated strip products. http://www.corusgroup.com/en/news/news/2010_corus_to_raise_strip_prices 543c0e9cc1fb6210VgnVCM100000049417acRCRD The Corus Structural Sections business has confirmed that all products within its portfolio will increase by £50 per tonne effective from March 1 2010. http://www.corusgroup.com/en/news/news/2010_price_rise_structural_sections 9a055863b4986210VgnVCM100000049417acRCRD In reaction to higher input costs Corus Long Products is raising prices for a wide range of its products by at least £60 per tonne http://www.corusgroup.com/en/news/news/2010_long_products_price_rise 13a941c4f5176210VgnVCM100000049417acRCRD Corus has today agreed to the Trade Unions’ request to extend operations at Teesside Cast Products (TCP) until all the raw materials currently on site have been consumed, or until the end of February, whichever is first. http://www.corusgroup.com/en/news/news/2010_joint_statement_tcp2 a6ef67bba8d26210VgnVCM100000049417acRCRD A productive first meeting of the Joint Management / Trade Union Task Force was held today on Teesside. http://www.corusgroup.com/en/news/news/2010_joint-statement-tcp-task-force d3bd52eea6326210VgnVCM100000049417acRCRD