Newspaper article The Journal (Newcastle, England)

No Corus of Comment on Joint Venture Report

Newspaper article The Journal (Newcastle, England)

No Corus of Comment on Joint Venture Report

Article excerpt

Steel giant Corus is being coy over rumours that it is looking for a joint venture partner for its aluminium business.

The Anglo-Dutch group, which employs 2,900 people on Teesside, last year failed to sell the unit after being blocked by its own supervisory board in the Netherlands.

However, Corus said last month that it had started looking at options for the aluminium business and that this could lead to talks with third parties.

A Dutch newspaper reported yesterday that the group was aiming for a joint venture with a rolling mill.

The mill will soon be brought to the market by Canadian aluminium giant Alcan or its newly acquired French subsidiary, Pechiney.

Pechiney was the company which was set to buy Corus' aluminium interests last year before the pounds 543m deal was halted.

It is also the former employer of current Corus chief executive, Philippe Varin.

The steel group refused to comment further on details in the Dutch newspaper report. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.