Corus invests a further £16M in steelmaking
21 Sep 2006
Corus Strip Products UK is investing a further £16 million in enhancing its ironmaking facility at Port Talbot Steel Works. Starting this week, the work will take just over a week to complete. The investment will improve the output and performance of the facility – adding operational and environmental benefits. Some 500 contractors will be employed on the project and a special on-site contractors village has been set-up to provide essential welfare facilities.
Phil Dryden, Managing Director of Corus Strip Products UK says: “This investment is an expression of the highest level of commitment we have in Port Talbot steelworks and our determination to meet targets of producing steel at a rate of 4.7 million tonnes of steel slab this year, and pushing for 5 million tonnes in 2007."
“This is the latest investment in our steel manufacturing facilities, which have seen over £300 million spent on capital during the last five years. The new furnace in 2002, an additional caster in 2004, as well as a complete refurbishment of the coke ovens and coal injection plant – all of this plant includes the latest steelmaking technology and is now successfully in production."
“Our investment in the technical detail at the plant is being complemented by our commitment to improving culture and raising personal standards and professionalism in everything we do."
He continues. "This investment will improve plant efficiency, storage facilities and many other essential features."
Ends
For further information, please contact Robert Dangerfield, Tel: 0791 726 7795 or Tom Johnson 0777 239 4836.
Picture caption:
The ironmaking facility - set to contribute to making 5 million tonnes of steel in 2007.
Notes to Editors
Corus Group Plc (LSE/AEX: CS; NYSE: CGA) is one of the world's largest metal producers with annual turnover of over £10 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, rail, general engineering and packaging markets worldwide. Corus has 47,300 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.
Corus Strip Products UK directly employs over 5,000 men and women in South Wales. A vital part of the local economy, a wide and diverse community of contractors are involved in the industry.
Corus has sites across Wales, including Port Talbot, Llanwern in Newport, Trostre near Llanelli, Pontardulais, Caerphilly, Caldicot, near Newport, and Shotton on Deeside.
Corus is committed to supporting the communities in which it operates. It believes that areas such as health, safety, the environment and developing youngsters not only sustain good communities, but are important for maintaining the best workforce for the future.
