http://www.corusgroup.com en 06-Mar-2010 22:20:12 Corus Vignette 7 Framework Copyright: (C) Corus 15 http://www.corusgroup.com/static/images/rss.gif http://www.corusgroup.com/ In recent weeks the partial mothballing of Teesside Cast Products, which was announced in December and started on February 19, 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 Corus today announces the appointment of Dr Karl-Ulrich Köhler as its new Chief Operating Officer with effect from 1 February 2010. http://www.corusgroup.com/en/news/news/2009_kohler_coo_tse 72a44ceebed95210VgnVCM100000049417acRCRD The steel committee and Teesside Multi-Union representatives met with Corus today to discuss the situation at Teesside Cast Products (TCP). http://www.corusgroup.com/en/news/news/2009_joint_statement_tcp ca36970bd0d95210VgnVCM100000049417acRCRD Corus has today announced it will invest EUR35 million at its rail production facility in Hayange, France, after securing a major new contract with SNCF. http://www.corusgroup.com/en/news/news/2009_35m_investment_french_mill 3047747fabd85210VgnVCM100000049417acRCRD An international consortium’s breaking of a binding contract has led Corus to partially implement the proposal announced in May 2009 of mothballing some of the facilities belonging to the Teesside Cast Products (TCP) business in northeast England. http://www.corusgroup.com/en/news/news/2009_tcp_mothball 289fd45609555210VgnVCM100000049417acRCRD Corus is to test a potentially ground-breaking new iron-making technology in a pilot plant project at its IJmuiden steelworks in the Netherlands. http://www.corusgroup.com/en/news/news/2009_pilot_plant_could_reduce_emissions f8ccb1b7e6535210VgnVCM100000049417acRCRD Tata Steel Limited today declared Consolidated Group Financial Results for the first half (H1) and second quarter (Q2) ending September 30, 2009. http://www.corusgroup.com/en/news/news/2009_0910_H1_results c61fe13fc8b25210VgnVCM100000049417acRCRD Corus has unveiled a new high-quality steel product for the renewable energy market following development work at its UK research labs. http://www.corusgroup.com/en/news/news/2009_new_product_renewable_energy_sector d716f6d9698d4210VgnVCM100000049417acRCRD At its annual congress in Beijing this week the World Steel Association (worldsteel) named Tata Steel as one of the three recipients of its Safety and Health Excellence Recognition Award. http://www.corusgroup.com/en/news/news/2009_wordsteel_safety_award da5981e479c54210VgnVCM100000049417acRCRD The third annual Corus Kids of Steel series took place this September, introducing school children around the country to the sport of triathlon. http://www.corusgroup.com/en/news/news/2009_kos_2009 49e212f55b014210VgnVCM100000049417acRCRD Corus today announces an increase in prices on engineering steels, wire rod, bar and narrow strip. http://www.corusgroup.com/en/news/news/2009_increase_engineering_steels_prices c39513b4a42e3210VgnVCM100000049417acRCRD Corus Strip Products UK will increase prices from 1 October on UK deliveries of flat rolled products to customers on monthly contracts. http://www.corusgroup.com/en/news/news/2009_uk_strip_price_raise 052e311a1c8b3210VgnVCM100000049417acRCRD Corus announces that it will be increasing prices for sections by £25/tonne and for plate by £30-40/tonne as demand improves for steel long products. http://www.corusgroup.com/en/news/news/Press_release_-_030909 cade729070f73210VgnVCM100000049417acRCRD Tata Steel Group today declared unaudited Consolidated Financial Results for the quarter ended June 30, 2009. http://www.corusgroup.com/en/news/news/2009_q1_consolidated_results 1cf3a9bfee653210VgnVCM100000049417acRCRD Tata Steel has raised $500 million via the largest ever Indian GDR offering in London. http://www.corusgroup.com/en/news/news/2009_tata_steel_raises_usd500m 94f19efc4dbb2210VgnVCM100000049417acRCRD Corus and the four members of the steelmaking consortium that were party to the agreement to take almost 78% of the output from Teesside Cast Products (TCP) met today to consider the future of the agreement. http://www.corusgroup.com/en/news/news/2009_alternative_solutions_tcp b7128dc6117a2210VgnVCM100000049417acRCRD The Company has priced an equity offering in the form of Global Depository Receipts (“GDRs”) for a gross amount of US$500 million. http://www.corusgroup.com/en/news/news/2009_tata_raises_500m_through_gdrs e267b752d41a2210VgnVCM100000049417acRCRD Tata Steel Global Minerals Holdings Pte Limited has today acquired additional shares in Riversdale Mining Limited (RML), Australia taking its total holding up to 19.38%. http://www.corusgroup.com/en/news/news/2009_riversdale_mining_stake c158010614382210VgnVCM100000049417acRCRD Corus has today announced proposals to improve the competitiveness of its Scunthorpe site in North East England by aligning employment costs with anticipated steel demand. http://www.corusgroup.com/en/news/news/2009_scunthorpe_announcement 78d6913830b52210VgnVCM100000049417acRCRD Corus today announces additional measures that build on the restructuring programme the company announced in January 2009. http://www.corusgroup.com/en/news/news/2009_further_measures_to_improve_competitiveness af27dff674212210VgnVCM100000049417acRCRD Tata Steel Limited today declared the audited Consolidated Group Financial Results for the year ended March 31 2009. http://www.corusgroup.com/en/news/news/2009_0809_results e8c6dff674212210VgnVCM100000049417acRCRD Tata Steel UK, a 100% indirect subsidiary of Tata Steel Limited, today received Lender approval to reset the covenants in its £3.7 billion acquisition-related senior debt facility. The Lenders voted unanimously in favour of the Company’s proposal. http://www.corusgroup.com/en/news/news/2009_tata_steel_uk_receives_lenders_consent ef5557ce45c81210VgnVCM100000049417acRCRD Tata Steel International and Corus Tubes joined forces at the world’s largest offshore resources industry event, the Offshore Technology Conference (OTC), held May 4-7 at the Reliant Park in Houston. http://www.corusgroup.com/en/news/news/2009_corus_otc 3e09986717181210VgnVCM100000049417acRCRD Tata Steel UK, a 100% indirect subsidiary of Tata Steel Ltd, has held meetings in London and Mumbai with its banking syndicate, which participated in the debt financing for the acquisition of Corus Group plc, to pro-actively discuss the current environment and the potential future impact on some covenant requirements under the Company's debt package. http://www.corusgroup.com/en/news/news/2009_tata_steel_meets_lenders 3ec8550b8f331210VgnVCM100000049417acRCRD Corus regrets to announce that it has been forced to open consultations that might result in a decision to mothball its Teesside Cast Products (TCP) plant in northeast England. http://www.corusgroup.com/en/news/news/2009_consortium_terminates_tcp_contract 4fb132b819b11210VgnVCM100000049417acRCRD Corus opened a new service centre in China to supply the country’s growing aerospace industry. http://www.corusgroup.com/en/news/news/2009_new_aerospace_centre_china c78e9fad73160210VgnVCM100000049417acRCRD Jim Leng has decided to step down as Chairman of Tata Steel Europe (Corus) on 30th March. http://www.corusgroup.com/en/news/news/2009_jim_leng_steps_down 48f69b8b176df110VgnVCM100000049417acRCRD Tata Steel today declared unaudited Consolidated Group Financial Results for the quarter and nine months ended December 31 2008. http://www.corusgroup.com/en/news/news/2009_tata_steel_consolidated_results_q3_08-09 98a1a196687bf110VgnVCM100000049417acRCRD Tata Steel Ltd has won the Golden Peacock Global Award for Corporate Social Responsibility for the year 2009. http://www.corusgroup.com/en/news/news/2009_tata_wins_golden_peacock babd21814c4bf110VgnVCM100000049417acRCRD Corus and Elastron are today inaugurating a new joint-venture service centre in northern Greece that will focus on strip and long products. http://www.corusgroup.com/en/news/news/2009_corus_elastron_joint_venture_greece 1ff62f4303e8f110VgnVCM100000049417acRCRD Corus and Salzgitter announce today their successful cooperation in the product development of High Strength and Ductility (HSD®) steels. http://www.corusgroup.com/en/news/news/2009_corus_salzgitter_cooperate_new_product 287521f91258f110VgnVCM100000049417acRCRD Corus, Marcegaglia SpA and Dongkuk Steel Mill Co Ltd have today signed a Memorandum of Understanding with a view to Marcegaglia and Dongkuk jointly acquiring a majority stake in Corus’ Teesside Cast Products business (TCP). http://www.corusgroup.com/en/news/news/2009_mou_teesside_marcegaglia_dongkuk 685b7d29cd12f110VgnVCM100000049417acRCRD Corus today announces a series of strategic measures that will improve its competitive position. http://www.corusgroup.com/en/news/news/2009_strategic_initiative_enhance_competitiveness 124dc7495140f110VgnVCM100000049417acRCRD Corus and Klesch have signed a Share Purchase Agreement (SPA) for the acquisition of Corus’ aluminium smelters by Briand Investments B.V., an affiliate of Klesch. http://www.corusgroup.com/en/news/news/2009_sale_aluminium_smelters 96d92b6c9b9fe110VgnVCM100000049417acRCRD The Board of Tata Steel has appointed Kirby Adams to succeed Philippe Varin as Chief Executive Officer of Corus and of Tata Steel Europe, the holding company of Tata Steel’s European operations. http://www.corusgroup.com/en/news/news/2009_new_chief_executive_for_Corus b48fbd9fc95be110VgnVCM100000049417acRCRD