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Tata Steel Europe
Tata Steel Europe Ltd. (formerly Corus Group plc) was a steelmaking company headquartered in London, England, with its main operations in the United Kingdom and the Netherlands. The company was created in 2007, when Tata Group took over the British-Dutch Corus Group.
In 2021, the company was split into a British and a Dutch branch: Tata Steel Netherlands (TSN) and Tata Steel UK, both of which fell directly under the Indian parent company Tata Steel.
Corus Group was formed through the merger of the 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 steelmaking plants (blast furnaces) in Port Talbot and Llanwern, Wales; Scunthorpe and Hartlepool, England; and IJmuiden, 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 Great Recession: the Hartlepool 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 plc 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. The Koninklijke Hoogovens (lit. Royal Blast furnaces) was a Royal Dutch steel and aluminium producer founded in 1918, located in IJmuiden, Netherlands. The plant is now called Tata Steel IJmuiden.
In October 1999, British Steel merged with Koninklijke Hoogovens to form Corus Group plc. At formation the steel company was the largest in Europe and the third largest worldwide. The French steel company Sogerail, specialising in rail manufacture, was acquired in 1999 shortly before the merger of BSC for £83 million.
In 2001 Corus announced it was to cut 6,050 jobs between 2001 and 2003.
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Tata Steel Europe
Tata Steel Europe Ltd. (formerly Corus Group plc) was a steelmaking company headquartered in London, England, with its main operations in the United Kingdom and the Netherlands. The company was created in 2007, when Tata Group took over the British-Dutch Corus Group.
In 2021, the company was split into a British and a Dutch branch: Tata Steel Netherlands (TSN) and Tata Steel UK, both of which fell directly under the Indian parent company Tata Steel.
Corus Group was formed through the merger of the 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 steelmaking plants (blast furnaces) in Port Talbot and Llanwern, Wales; Scunthorpe and Hartlepool, England; and IJmuiden, 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 Great Recession: the Hartlepool 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 plc 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. The Koninklijke Hoogovens (lit. Royal Blast furnaces) was a Royal Dutch steel and aluminium producer founded in 1918, located in IJmuiden, Netherlands. The plant is now called Tata Steel IJmuiden.
In October 1999, British Steel merged with Koninklijke Hoogovens to form Corus Group plc. At formation the steel company was the largest in Europe and the third largest worldwide. The French steel company Sogerail, specialising in rail manufacture, was acquired in 1999 shortly before the merger of BSC for £83 million.
In 2001 Corus announced it was to cut 6,050 jobs between 2001 and 2003.