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Mumbai: Anglo-Dutch steelmaker Corus is putting up its primary aluminium smelters
in Germany and the Netherlands for sale after renegotiating electricity contracts
for the plants, Corus CEO Philippe Varin said. The
German unit of Tata-owned Corus Steel, Corus Aluminium Walzprodukte, is one of
the world´s leading suppliers of high-quality aluminium rolled products.
The company has a strong presence on the aluminium market with its highly specialised
range of products. Corus Netherlands has three steel operations in the Netherlands
(strips, packaging and coated products). It owns the aluminium business with plants
in the Netherlands and Germany. This company generates a certain cash flow to
support its business. The
units offer tailored solutions for the most varied customer requirements in aircraft
and aerospace, automotive, shipbuilding, tank and vessel construction, tool-making
and mechanical engineering. The
smelters in Delfzijl in the Netherlands and Voerde in Germany have a combined
capacity to produce around 250,000 tonnes of primary aluminium annually and, including
secondary production from scrap, have total output of more than 300,000 tonnes
of aluminium a year. Tata
Steel, which won a bid battle for Corus in January 2007, is focused on steel and
industry analysts had expected it to sell the primary aluminium plants. Corus
reached a new power supply agreement for its Voerde aluminium plant in Germany
in October 2005, saving the works from closure. High
power costs have compelled the closure of two German aluminium plants in the last
two years, HAW in Hamburg and Norsk Hydro''s plant in Stade. HAW has since reopened.
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