Corus forms JV in Bulgaria to serve growing construction market

11 Jan 2008

Fischer Profil GmbH, part of Corus Distribution & Building Systems (CD&BS) Division, has signed a 65:35 Joint Venture agreement with the Bulgarian construction company Horizont Ivanov to set up a new profiling centre, Corus Building Systems Bulgaria, in Pleven, Northern Bulgaria, which will offer a full range of steel profiles.

The new Joint Venture will target the strongly growing construction market in Bulgaria and in the neighbouring countries. The joint strengths of the Corus experience in running Building Systems companies and Horizont Ivanov's in-depth knowledge of the Bulgarian construction market provide a strong basis for serving this growing market.

The new business is expected to commence operations in the second half of 2008.

Fisher Profil manufactures a range of products, including trapezoidal profiles, sandwich panels and liner tray profiles, for roofing, decking and wall applications.

Corus is Europe's second largest steel producer with annual revenues of over £10 billion and a crude steel production of about 20 million tonnes. With main steelmaking operations primarily in the UK and the Netherlands, Corus provides innovative solutions to the construction, automotive, packaging, mechanical engineering and other markets worldwide. Corus is a subsidiary of Tata Steel, the world's sixth largest steel producer. With the recent acquisition of Corus, the combined enterprise has an aggregate crude steel production capacity of around 28.1 million tonnes with approximately 82,700 employees across the four continents.

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For further information please browse this website, visit www.fischerprofil.com or call:

Annanya Sarin, Corporate Relations Tel.: +44 (0) 20 7717 4532