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 Thursday January 10 2002
Corus and Sumitomo agree technical collaboration
Corus and Sumitomo Metals have signed an agreement for technical collaboration in areas of mutual interest and benefit. Initial exchanges will focus on advanced steels for the automotive and engineering industries. The main objectives of the agreement are to exchange ideas and experience to bring about research, development and manufacturing efficiency improvements and to respond more effectively to customers' needs.

Friday January 4 2002
Corus: Section 198 Companies Act 1985 - Disclosure of interest in shares
Corus Group plc has on Friday received a notification from The Capital Group Companies,. on behalf of its affiliates, including Capital Guardian Trust Company, Capital International Limited, Capital International S.A., Capital International,. and Capital Research and Management Company ("the Companies"), pursuant to Section 198 of the Companies Act 1985 (the "Act").

Monday December 17 2001
Corus: Section 198 Companies Act 1985 - Disclosure of Interest in Shares
Corus Group plc has received a notification from The Capital Group Companies,. on behalf of its affiliates, including Capital Guardian Trust Company, Capital International Limited, Capital International S.A., Capital International,. and Capital Research and Management Company ("the Companies"), pursuant to Section 198 of the Companies Act 1985 (the "Act").

Tuesday December 4 2001
Corus Group plc to issue approximately EUR 250 mln Convertible Bonds
Corus Group plc announces its intention to make an Offering of senior convertible bonds (the "Bonds"), guaranteed by Corus UK Limited and convertible into approximately 203.89 million ordinary shares of Corus (the "Shares"). The Bonds will be due 2007. Corus has granted the Bookrunner, Credit Suisse First Boston, on behalf of the syndicate, an option to purchase additional Bonds convertible into an additional approximately 30.58 million Shares (or 15% of the offering amount), exercisable within 30 days after closing of the transaction ("over-allotment option").

Monday October 22 2001
Corus Group: Disclosure of interest in shares
Corus Group plc received notification on 19 October 2001 from The Capital Group Companies,. on behalf of its affiliates, including Capital Guardian Trust Company, Capital International Limited, Capital International S.A. and Capital International,.("the Companies"), pursuant to Section 198 of the Companies Act 1985 (the "Act").

Thursday October 18 2001
Corus: section 198 Companies Act 1985 - Disclosure of interest in Shares
Corus Group plc has received notification on 17 October 2001 from The Capital Group Companies,. on behalf of its affiliates, including Capital Guardian Trust Company, Capital International Limited, Capital International S.A. and Capital International,.("the Companies"), pursuant to Section 198 of the Companies Act 1985 (the "Act").

Wednesday October 17 2001
Corus may increase UK job cuts
Corus may be forced to cut more jobs than the 6,000 announced in February. Corus said in a letter to the UK parliament that it may have to cut production capacity by more than the 20% announced at the time. The increased job cuts do not depend only on the UK economy and the exchange rate of the pound against the euro, the company said, calling for measures to counter steel dumping in Europe, which has risen since the US halted imports of cheap steel.

Wednesday October 3 2001
Corus closes storage depot
Corus reported on Wednesday it is to close a storage depot for semi-finished aluminium products in Hemel Hempstead, England, by the end of this year. The closure will cost 35 jobs. Corus said despite low aluminium prices it is not planning to close any aluminium production plants.

Friday September 28 2001
Corus Nederland bv appoints new member of Supervisory Board
Corus Nederland B.V. announces that L.J.M. Berndsen has been appointed on Friday as a member of the Supervisory Board. Mr. Berndsen (58) is at the moment Chief Executive Officer of Koninklijke Nedlloyd N.V. and co-chairman of the Board of P& O Nedlloyd Containerline.

Pioneering Supermarket wins f. 40.000 Corus Design Sense Award
Architects Chetwood Associates have received the Corus Design Sense 2001 award of GBP 40,000 for the Sainsbury's supermarket on the Greenwich Peninsula, London, which sets a new standard for building design in the retail industry. The result of wide-ranging research, the design is a radical rethink of the supermarket.

Wednesday September 26 2001
Corus rises after Merrill upgrade
Shares in Corus Group PLC edged upwards in mid-morning trading after Merrill Lynch raised the stock to 'neutral' from 'reduce' on valuation grounds, dealers said. The heavyweight broker said its change of stance reflected the recent 37% fall in Corus's share price, which, it argued, had brought the company back to a more realistic valuation.

Friday September 21 2001
Corus share price slips on shake-up details
The share price of Corus fell to a record intraday low of euro 0.57 following more news about a shake-up that will cost 1,100 Dutch jobs. The revamp, which was announced several weeks ago, aims to boost profitability at the IJmuiden plant, which currently employs 9,500. Corus said the jobs would be cut through retirement and there would be no compulsory redundancies. Analysts said the share price fall was a panic reaction from people who did not realise the job losses were not new.

Tuesday September 11 2001
Corus losses put jobs on the line Corus of dismay over jobs threat
Corus shocked the City yesterday with massive losses which will lead to the loss of thousands of more jobs as over-capacity continues to plague the industry. Corus employs 316 people at its plants at Motherwell and Cambuslang - British Steel closed the Ravenscraig works in 1992. Since its formation two years ago, Corus has already axed more than 10,000 employees.

Friday August 3 2001
Corus boss signals end to job purge
The new chief executive of Anglo-Dutch steel group Corus, which is shedding more than 6,000 jobs, yesterday gave a strong indication that the era of bloodletting is over. Tony Pedder, appointed chief executive after an eight-month search, said: "As we said at the time of restructuring we believe we have drawn a line in the sand and we sincerely hope this is the case." Mr Pedder, a steelman since 1972 and now head of Corus's strip business, said: "The workforce in Corus has responded magnificently to the current market challenges and hostile trading environment.

Corus appoints Tony Pedder as group chief executive
Corus has appointed Tony Pedder, 52, nicknamed "Dr Death", as group chief executive to replace joint chief executives John Bryant and Fokko van Duyne. Bryant and van Duyne left Corus in 2000, taking over GBP2m in compensation, as part of the group's retrenchment and plant shutdown programme. Mr Pedder earned the moniker "Dr Death" after a sizable number of redundancies occurred following his visit to steel plants earlier this year.

Thursday August 2 2001
Corus names new chief
Corus on Thursday named Tony Pedder as its new chief executive. Mr Pedder, a 29-year steel industry veteran and head of Corus' core carbon steel business since 1999, will replace Sir Brian Moffat, who remains chairman. Analysts said the appointment had been widely expected, although some remained sceptical about its underlying message.

Monday June 11 2001
Corus Group: Section 198 Companies Act 1985
Corus Group plc has on Monday received notification from Brandes Investment Partners LP, in accordance with Section 198 of the Companies Act 1985 (the "Act"), that on 31 May 2001 Brandes Investment Partners, LP ("Brandes") was interested for the purposes of the Act in 302,599,157 ordinary shares and in 18,686,108 American Depository Receipts (each one of which is the equivalent of 10 ordinary shares) which, ultimately, represents approximately 15.7% of the outstanding ordinary shares of Corus each comprised in the relevant share capital (the "Relevant Shares"), as defined in Section 198(2) of the Act; None of the shares referred to above are shares in which Brandes is interested by virtue of Section 208(5) of the Act.

Friday May 25 2001
Corus: Section 198 companies Act 1985 - Disclosure of interest in shares
Corus Group plc has on Friday received a notification from The Capital Group Companies,. on behalf of its affiliates, including Capital Guardian Trust Company, Capital International Limited, Capital International S.A., Capital International,. and Capital Research and Management Company ("the Companies"), pursuant to Section 198 of the Companies Act 1985 (the "Act").

Monday May 14 2001
Corus Section 198 Companies Act 1985 - Disclosure of interest in shares
Corus Group plc has on Monday received notification from Brandes Investment Partners LP, in accordance with Section 198 of the Companies Act 1985 (the "Act"), that on 3 May 2001 Brandes Investment Partners, LP ("Brandes") was interested for the purposes of the Act in 210,859,957 ordinary shares and in 18,201,568 American Depository Receipts (each one of which is the equivalent of 10 ordinary shares) which, ultimately, represents approximately 12.6% of the outstanding ordinary shares of Corus each comprised in the relevant share capital (the "Relevant Shares"), as defined in Section 198(2) of the Act; None of the shares referred to above are shares in which Brandes is interested by virtue of Section 208(5) of the Act.

Thursday March 15 2001
Group operating loss Corus 15 months till 30-12-00 GBP 1.152 mln
Corus Group plc ("Corus") was formed as a result of the merger between British Steel plc ("British Steel") and Koninklijke Hoogovens N.V. ("Hoogovens") which was completed on 6 October 1999. The merger was implemented by the acquisition of British Steel by Corus, and a public offer by Corus for the ordinary shares of Hoogovens.

Wednesday March 14 2001
Depressed steel markets await Corus results
Corus,the Anglo-Dutch steel group, is scheduled to report full-year results on Thursday, March 15. The depressed condition of the UK steel market is expected to result in an operating loss of around GBP1.05bn, compared with a shortfall of GBP213m last year. The company admitted last month that its UK carbon steel operations lost GBP301m in the nine months to July 2000.

Friday March 9 2001
Corus seen struggling to turn a profit in 2001
Corus is expected to struggle to make a profit this year, in spite of its announcement of 6,000 job cuts last month. The company is likely to announce on Thursday a pre-tax loss for the year to December 31 of about GBP1.2bn (USD 1.8 bn), including restructuring charges of GBP1.03bn. But with most of the reduction in jobs at its UK plants being implemented during this year, the company is expected by most City analysts to continue to make losses at least until the summer.

Tuesday February 20 2001
Corus bounces on bid hope
Speculation that a European megamerger could trigger a fresh round of steel industry takeovers sent Corus shares surging. France's Usinor is buying Luxembourg's Arbed and Spain's Aceralia, overtaking Japan's Nippon Steel as the world's biggest producer. If it gets the all-clear from the European Commission - which last year blocked a three-way aluminium tie-up - the new group will have sales of nearly Pounds 20bn and, at 46m tonnes, a quarter of Europe's output.

Wednesday February 14 2001
Corus to operate new Australian steel plant
Steelmaking is set to return to the Australian city of Newcastle with the announcement of plans on Wednesday to build a USD 1.5 bn electric arc mill aimed at producing for Asian export markets. The plant, part of what is being described as Australia's largest industrial project, would be operated by Corus, the Anglo-Dutch group formed from the merger of British Steel and Hoogovens.

Thursday February 1 2001
Corus: Strategic review and new financing structure
Corus has on Thursday announced the results of a strategic review of its UK carbon steel activities, which seeks to ensure their return to profitability through margin enhancement and cost reduction measures. The proposed restructuring is a result of the continuing high losses, primarily in those activities.

Wednesday January 31 2001
Union makes bid for Corus plant in Wales
UK union ISTC has offered Anglo-Dutch steel group Corus to take over the steel production in Llanwern in Wales. The union wants to protect the location from the drastic reorganisation which Corus is planning. The group has rejected the proposal. The bid by ISTC, which does not contain a sum of money, comes down to the takeover of the assets and debts of Llanwern. The takeover would be done by a consortium of investors in which ISTC would take an important stake.

Monday January 29 2001
Unions fear for 8000 Corus jobs
Steel manufacturer Corus is expected to announce 8,000 job cuts in a few days after having been pressured by City investors. Trade unions fear that the Anglo-Dutch group's decision to stop its heavy operations in its production facility in Llanwern, South Wales, will result in about 6,000 job losses.

Friday January 26 2001
Corus job cuts in Wales
Welsh steel plants will take the brunt of up to 7,000 job losses to be announced by the Anglo-Dutch group Corus next week, under a drastic restructuring plan to stem hundreds of millions of losses and restore investor confidence. Rhodri Morgan, first minister of the Welsh National Assembly, said he had held talks with Corus and wanted to prepare Welsh public opinion for a "hammer blow".

Corus to make statement on UK production next week
Corus Group says it will make an announcement about its UK production next week, amid various press reports that it will stop manufacturing crude steel at its Llanwern plant in Wales. A Corus spokesman declined to comment on reports saying that the company plans to cut 5,000-7,000 jobs as UK production is scaled down.

Tuesday January 23 2001
Avesta Sheffield, Stainless Steel ops merger unconditional
Further to the announcement made on 28 September 2000, Corus announces that the proposed merger of Avesta Sheffield, in which Corus holds 51%, with the Stainless Steel business of Outokumpu has now been declared unconditional in all respects.

Corus under pressure by imminent reorganisation
The imminent reorganisation at Anglo-Dutch steel group Corus is meeting with increasing opposition from governmental bodies, banks and unions. UK ministers have threatened to impose an environmental claim of GBP400m (Fl 1.5bn) if Corus were to close its establishment in Llanwern, Wales. Unions will prepare for strikes if Corus proceeds with its cutbacks.

Financial director leaves Corus
John Rennocks, the financial director of Anglo-Dutch steel company Corus, is leaving the company on 1 February. Mr Rennocks has been suffering from health problems for some time, Corus announced yesterday. He will be replaced by David Lloyd, who already took his place earlier. Mr Lloyd joined British Steel, the UK half of the merger combination, in 1985 at the age of 22. As executive director, he will be responsible for the finances at Corus, which is about to announce a drastic reorganisation.

Monday January 22 2001
CRS: Rennocks will be retiring with effect from 31-01-01Corus Group plc announc.
Corus Group plc announces that Mr J L Rennocks will be retiring from the Company and will cease to be a director with effect from 31 January 2001. Mr D M Lloyd will be appointed a director of the Company with effect from 1 February 2001 with responsibility as Executive Director, Finance.

A forgotten debt feeds rumours of Corus split up
Sixteen months after the merger of UK and Dutch steel groups British Steel and Koninklijke Hoogovens into Corus, Hoogovens still has not been renamed into Corus Netherlands. The fact that the Hoogovens supervisory board is still in place is explained as the result of a buy-out procedure of some shareholders which Corus only completed in November 2000.

Wednesday January 17 2001
Corus to cut greenhouse gas emissions
Corus, the Anglo-Dutch steelmaker, is expecting to have to pay up to GBP 40 mln over five years to meet government targets for cutting greenhouse gas emissions, over and above a similar figure for the climate change levy. On the advice of the Department of the Environment, Transport and the Regions, the loss-making group is resigned to paying between GBP 7 mln and GBP 8 mln a year on energy-saving and carbon dioxide-reducing measures at its biggest factories.

Monday January 15 2001
Dutch steelworkers feel chill from Corus
Along an icy stretch of the Dutch coast white smoke billows into a clear blue winter sky from the chimneys of the Corus steel plant. At the nearby offices of FNV, the biggest of the factory's unions, workers are waiting anxiously for the smoke to clear to learn what their future holds. For Europe's biggest steelmaker is poised to announce job cuts and closures to stem losses, which it blames on the strength of the pound against the euro.

Tuesday January 9 2001
Imports of steel rise to highest level ever Corus
The harsh reality facing the British steel industry was underlined yesterday by new figures revealing that steel imports last year reached their highest-ever level. As trade unions gear up to fight large-scale redundancies due to be announced by Corus, the loss-making Anglo-Dutch steelmaker, the figures illustrated the extent to which continental European steel producers took advantage of the strength of the pound in 2000 to woo domestic buyers.

Monday January 8 2001
Corus UK union to hold strike ballot
Workers at a UK plant of Anglo-Dutch steelmaker Corus are to vote on whether to strike over company plans for redundancies, according to media reports quoting a union source on Monday. The source said ballot papers would be issued on January 13 for the action at the Scunthorpe plant in northeast England which reflected concern at plans for compulsory redundancies under a restructuring plan announced by Corus.

Tuesday January 2 2001
Corus threatened by strike action
UNIONS are squaring up for a winter of industrial action at Corus, the Anglo-Dutch steel group, with a crucial meeting next week unlikely to resolve mounting anger at plans to cut as many as 10,000 British jobs. ISTC, the steel union, is set to ballot its members on strike action if a meeting with management next Monday fails to resolve differences over redundancies.

Thursday December 28 2000
UK powerless to coax Corus
The UK government is virtually powerless to persuade Corus, the Anglo-Dutch steel group, to reconsider its new year restructuring, the MP heading an inquiry into the steel industry has admitted. Martin O'Neill, chairman of the Commons trade and industry committee, said that Corus had been "cool" towards the government's attempts to put forward a rescue package for two factori es in Wales and Teesside that could be closed next year.

Thursday December 21 2000
Corus Group creates a line of non-ranking ordinary shares
Pursuant to the merger of British Steel plc and Koninklijke Hoogovens to form Corus Group plc ("Corus"), which became effective on 6 October 1999, Hoogovens 4.625% convertible bonds are exchangeable, subject to the terms of the trust deed, into Corus ordinary shares of 50 pence each. Corus announces that, with effect from 2 January 2001, a second line of non-ranking Corus ordinary shares will be created on the Daily Official List of the London Stock Exchange.

Thursday December 14 2000
UK gouvernment prepares for Corus job losses
The UK government is drawing up contingency plans to cope with thousands of job losses from the expected closure of a plant owned by Corus, the Anglo-Dutch steel giant, in south Wales, and from restructuring at its plant in north-east England. The Welsh Office and the Department of Trade and Industry say they are preparing for the worst, and expect an announcement from Corus in mid-January.

Tuesday December 5 2000
The chief executives of Corus have resigned as directors
Corus Group plc announces that Messrs J.F. van Duyne and J.M. Bryant, the joint Chief Executives of the Company, have resigned as Directors and will leave immediately. Until the appoinment of a new Chief Executive the Chairman, Sir Brian Moffat, will also asume the role of Chief Executive. During this period Mr H.

Monday November 20 2000
Corus: Capital Group interested in 97,171,633 ordinary shares of 50p
Corus Group plc has on Monday received a notification from the Capital Group Companies,. on behalf of its affiliates, including Capital Guardian Trust Company, Capital International Limited, Capital International S.A., Capital International,. and Capital Research and Management Company (: "the Companies"), pursuant to Section 198 of the Companies Act 1985 (the "Act").

Monday November 13 2000
Corus: Franklin Interests in 91,121,705 ordinary shares of 50p
Corus Group plc received notification on 10 November 2000 from Franklin Resources., acting on behalf of Franklin Resources,. and its affiliates, which includes Franklin Mutual Advisors, LLC and Templeton Worldwide, and its affiliates, that Franklin Resources,. had interests as at 10 November 2000 in 91.121.705 ordinary shares of 50p, representing 2.8156% of Corus Group plc's issued capital. These interests are under management of Franklin Resources,. and its affiliates on behalf of cli‰nts.

Thursday October 19 2000
Corus: disclosure of interest in shares
Corus Group plc has on Thursday received a notification from The Capital Group Compnies,. on behalf of its affiliates, including Capital Guardian Trust Company, Capital International Limited, Capital International S.A., Capital International,. and Capital Research and Management Company ("the Companies"), persuant to Section 198 of the Companies Act 1985 (the "Act").

Wednesday October 11 2000
Corus announces recovery programme for strip businesses
Today the Corus Strip Businesses are launching a recovery plan to put them back on track for the profitability that is needed to achieve long term growth. For some time, the businesses have suffered from the effects of a particularly adverse business climate whilst market conditions continue to worsen.

Tuesday October 10 2000
Corus kicks off the commercial production of Tubular Blanks
In the Netherlands Corus celebrated the kick off of the commercial production of Tubular Blanks with selection of main carmakers and automotive suppliers. The Tubular Blank was presented by Corus Hyfo, the new hydroforming focussed Corus market unit, in which the main steel, stainless steel and aluminium Corus business units participate.

Monday October 9 2000
Corus: Section 198 Companies Act 1985 - Disclosure of interest in shares
Corus Group plc has on Monday received notification from Brandes Investment Partners LP, in accordance with Section 198 of the Companies Act 1985 (the "Act"), that on 28 September 2000 Brandes Investment Partners, LP ("Brandes") was interested for the purpose of the Act in 156,380,717 ordinary shares and in 14,462,324 American Depository Receipts (each one of which is the equivalent of 10 ordinary shares) which, ultimately, represents approximately 9.6% of the outstanding ordinary shares of Corus each comprised in the relevant share capital (the "Relevant Shares"), as defined in Section 198 (2) of the Act; None of the shares referred to above are shares in which Brandes is interested by virtue of Section 208 (5) of the Act.

Wednesday September 27 2000
Corus' Avesta in merger talks
Following recent speculation in the press, Corus confirms that Avesta Sheffield, its 51% owned subsidiary, and Outokumpu are in discussions which may or may not lead to a merger of Avesta Sheffield and the stainless activities of Outokumpu. Both companies have this morning requested that trading be suspended in their respective shares on the Stockholm and Helsinki Stock Exchanges. Further information will be released as it becomes available.

Thursday September 21 2000
Corus and Balmur create new country music venture
Corus Entertainment and Balmur Entertainment, announced on Thursday the formation of a new company known as Balmur Corus Music(TM) (BCM) to assertively pursue new talent and opportunities in the country music entertainment business in Canada and the US BCM will focus on the production, distribution and marketing of music, music television specials and the development and management of new country music talent.

Monday September 18 2000
Corus Entertainment to buy Nelvana for Cdn. USD 554 mln
Corus Entertainment and Nelvana Limited on Monday announced that their respective Boards have unanimously approved the acquisition of Nelvana by Corus at a price of Cdn. USD 48.00 per Multiple Voting and Subordinate Voting Share of Nelvana. Corus currently holds 675,000 Subordinate Voting Shares of Nelvana and the effective price to Corus is Cdn.

Thursday September 7 2000
Corus to buy part of Huta Katowice
Corus is close to reaching an agreement to buy part of Huta Katowice in Poland, it emerged on Thursday. Huta Katowice said agreements had been reached on all important points, while Corus said negotiations had gained momentum. The board members of Huta Katowice will present the outcome of discussions with Corus to its creditors and to the Polish treasury minister on September 18.

Tuesday September 5 2000
Corus Q3 loss GBP 21 mln
Corus surprised investors with a third-quarter operating loss of GBP 21 mln and said the 4,000 redundancies it unveiled recently will cost another Pounds 40 million in the next six months. Corus said however, it now expected greater cost savings from last year's merger between British Steel and Hoogovens that created it.

Wednesday August 30 2000
Corus invests in Llanwern plant
Corus on Wednesday announced a GBP 35 mln plan to secure the future of its Llanwern plant in south Wales but warned that the project could be aborted at any time. The group said it had agreed in principle to reline the plant's No 3 blast furnace and that contractual discussions with suppliers of materials and services would start shortly.

Thursday August 17 2000
Corus may reprevie UK steel plant
Corus is to safeguard more than 2,500 jobs at its Llanwern steelworks in South Wales by going ahead with an overhaul of one of the plant's two blast furnaces, according to the Financial Times. The newspaper said that John Bryant, Corus chief executive, is expected to signal this reprieve at a meeting with ISTC steel union leaders on Thursday, although the group is unlikely to confirm it before a board meeting on Wednesday.

Tuesday August 15 2000
Corus shares hit by US investor
The share price of Corus took a heavy hit on Tuesday after news that US investor Franklin Templeton has reduced his stake to 3.55% from 8.85%. Corus shares have fallen 14% since last Thursday and closed down 6% on Tuesday at EUR 1.24. The stock has plunged 51.6% since the beginning of this year.

Friday July 21 2000
More UK jobs to go at Corus
Corus on Friday announced 1,300 further job cuts, bringing the total of redundancies since June to nearly 4,000. The company, formed by last year's merger of British Steel and Hoogovens, once again blamed the strength of the pound for hurting its competitiveness and making Corus products more expensive abroad.

Friday July 14 2000
Corus to cut further 1,200 jobs
Corus Group PLC on Friday announced plans to cut 1,200 jobs in the UK, its second round of dismissals in the space of a month, as the strength of the pound erodes its competitiveness in Europe. Corus said a month ago that it would ax 1,400 British jobs to cut costs and boost profit margins. The latest job losses will rekindle concerns about the impact of the strong pound on Britain's manufacturing exporters, and fuel on the debate about whether the UK should adopt the single European currency, the euro.

Tuesday July 4 2000
Sound deal for Corus Entertainment
Corus Entertainment announced tuesday the purchase of Sound Products., a move that further strengthens DMX Music, Corus' digital music delivery business. Through the acquisition of Sound Products, a national distributor, installer and service provider of audio systems, drive through communications and customer tracking systems, DMX Music customers will now have one stop shopping for all their music, audio and communications needs.

Monday June 26 2000
Corus posts half-year loss
Corus Group on Monday posted a net loss for its fiscal first half that was little changed from the deficit a year earlier, as the negative impact of a strong pound offset the boost from last year's purchase of a Dutch rival. Corus, formed last October when British Steel merged with Netherlands-based Hoogovens, said its net loss was GBP 156 mln, or 5.04 pence a share.

Friday June 16 2000
Corus to cut 1,200 jobs
Corus, the steel company formed by last year's merger of British Steel and Hoogovens of the Netherlands, said on Friday that a decline in steel demand by UK manufacturers was partly to blame for the loss of 1,200 jobs in its engineering steel division. The job cuts - mainly in Rotherham and Sheffield in South Yorkshire - were announced as part of measures aimed at boosting the company's competitiveness.

Wednesday June 14 2000
Corus unit acquires Germany's K&S
Corus Group said its unit European Electrical Steels agreed to acquire Kienle & Spiess, a German producer of laminated steel for electrical installations. K&S has factories in Germany, the US, Hungary and the UK and employs 2,255. The company is the leading producer of laminated steel products in Europe, with a market share of 21% and ranks third in the market in the US, Corus said.

Monday April 17 2000
Corus opens new plant in IJmuiden
Corus Group announced on Monday that it opened its new direct sheet plant in IJmuiden. The NLG 700 mln investment has the capacity to process 1.3 million tonnes of steel and will employ about 140, Corus said. New production technology developed by Corus for the plant should help reduce throughput times and energy consumption at the site, the company said.

Corus, Wupperman in galvanizing j/v
Corus Group PLC said it agreed to take a 30% stake in a joint venture with Wupperman Industrie BV to build jointly a steel galvanizing plant in Moerdijk, the Netherlands. The agreement is expected to be signed in about two months once the European Commission has approved the deal. The plant will deliver galvanized products to a variety of markets in the North West of Europe, Corus said.

Tuesday April 11 2000
Corus seen building multi-metal strategy
Corus Group is expected to expand its aluminium-manufacturing capacity, in order to strengthen its automotive industry links, stockbroker J.P. Morgan said. This would help Corus reduce its dependence on the global steel price, J.P.Morgan analyst Brett Olsher said in the broker's latest weekly steel review.

Wednesday March 1 2000
Corus sells Cirex unit
Corus announced on Wednesday that it has signed a letter of intent to sell its Cirex BV unit to Dutch industrial venture capital company Nimbus BV, based in Zeist. Cirex will be reorganised, with 45 of the current workforce made redundant, Corus said. Cirex is based in Almelo, the Netherlands, and produces "precision ironwork". Unions have been informed and the works council has been asked to issue a recommendation. No financial details were disclosed.

Monday February 21 2000
Corus to axe 2-3,000 jobs
Corus said on Monday that it planned to shed 2,000-3,000 jobs over the next two years from restructuring after its merger. It was not possible to say exactly how many jobs could be cut out of a total of 66,000 and where they would be eliminated, the firm said in a statement after talks with Dutch trade unions.

Thursday January 27 2000
Corus saves on water transport
Corus has saved NLG 1.2 mln on transport costs last year by making more use of inland waterway shipping routes and less of roads. The company said it is saving 1.4 million litres of diesel fuel by combining freight, inter-modal transport and better planning. Another reason for the move is to relieve road congestion and reduce polution, Corus said.

Wednesday January 19 2000
Corus acquires stake in Reycan
Corus Group announced on Monday that it has acquired a 60% stake in Canadian Reycan for EUR 70 mln. Corus said that the acquisition will extend its product range and downstream aluminium activities. The acquisition will also strengthen Corus' position on the North American market, the company said. Reycan, bought from Reynolds Metals and SGF Mineral, has sales of some CAD 265 mln. The remaining 40% of Reycan shares will stay with SGF Mineral.

Monday January 17 2000
Corus in joint venture in China
Corus announced on Monday that its subsidiary Corus Aluminium Extrusions has entered into a joint venture agreement with Tianjin Non Ferrous Metal Group of China to design, produce and sell large extruded aluminium sections in China. The products are aimed at the transport (rolling stock, shipbuilding and truck) and sell large extruded aluminium section in China, Corus said.

Tuesday January 4 2000
Corus finalises set-up of j/v with Danieli's
Corus announced on Tuesday that it has finalised the set-up of a 50-50 joint venture with Italy's Danieli & C., Officine Meccaniche under the name Danieli Corus Technical Services. Corus said that it has brought in 50% of its Hoogovens Technical Services unit to Danieli's subsidiary Industrielle Beteiligung for NLG 27 mln. Hoogovens Technical Services is active in engineering and contracting services to the steel and aluminium sector since 1977.

Monday December 6 1999
EU to fine steel companies for cartel
The The European Commission on Wednesday is expected to fine several steel companies for operating a cartel in the market for seamless steel tubes used in the oil and gas industries, according to media reports quoting a Commission source. The companies are all European and Japanese and include British Steel, recently merged with Dutch Koninklijke Hoogovens, Germany's Mannesmann, Vallourec of France, Italy's Dalmine and Japan's Kawasaki and NKK.

Monday November 29 1999
Corus to close IJmuiden unit
Corus Group said on Monday that it will phase out production at its IJmuiden Long Products division, and invest about NLG 1 bn in the site to develop other product markets. Corus said that due to the highly cyclical nature of long products and the current oversupply and heavy competition in that market the actvities no longer fit its strategy to focus on downstream activities.

Monday November 15 1999
Corus, Danieli interested in Huta Katowice stake
Corus Group and Danieli & C of Italy have expressed interest in buying a stake in Polish steel foundry Huta Katowice, the Polish treasury minstry said. The third company invited to talks by the Polish treasury, Voest Alpine Stahl of Austria, has not replied to the invitation, the ministry said. In the first half of this year, Huta Katowice produced 1.4 mln tonnes of steel, 40 pct less that the previous year.

Monday October 18 1999
Corus buys control of Canada's Reyan
Anglo-Dutch steel company Corus Group said on Monday it agreed to buy a majority stake in Canadian aluminium foil firm Reycan from Reynolds Metals and SGF Mineral for an undisclosed price. Under the deal, Reynolds will divest its 50% stake in Reycan, while SGF will sell part of its 50% stake. Reycan, with sales of about CUSD 175 mln, consists of an aluminium foil and brazing sheet plant, as well as an aluminium coating plant.

Wednesday October 13 1999
ING also sells Hoogovens stake
ING Group has sold its 6.77% stake in Hoogovens to Corus. The financial services group joined ABN Amro, Rabobank and Aegon, which also sold their stakes. Corus has bought the preferential shares from the four institutions. Financial details were not disclosed.

Tuesday October 12 1999
ABN Amro, Rabobank divests Hoogovens stake
ABN Amro Bank and Rabobank have sold their stakes in Hoogovens upon an appeal from the steel company to sell the preferential shares. ABN Armo owned a 6.68% stake and Rabobank owned a 5.89% stake in Hoogovens. Hoogovens has urged its major shareholders to buy the shares. At the same time, investment group Franklin Resources has acquired a 9.8% stake in Corus.

Monday October 11 1999
Corus unions say pensions misused
The largest UK trade union for steel workers has accused British Steel of misusing surplus reserves from its pension funds to finance the merger with Hoogovens. British Steel has denied the charge, but the union ISTC says the company appropriated some NLG 2.94 bn after a surplus of NLG 3.41 bn was established in March.

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