| Business Summary | | Corus
Group
plc
was
incorporated
as
BSKH
plc
in
July
1999
for
the
purpose
of
the
merger
of
British
Steel
plc
and
Konirklijke
Hoogovens
N.V.
On
October
8,
1999,
the
merger
was
completed
and
British
Steel
plc
became
a
wholly
owned
subsidiary
of
Corus
Group
plc.
On
October
8,
1999,
British
Steel
plc
was
re-registered
as
a
private
company
limited
by
shares
and
became
British
Steel
Limited.
British
Steel
is
a
steel
producer
in
Europe
that
accounted
for
88%
of
United
Kingdom
crude
steel
production
in
1998.
The
majority
of
British
Steel's
semi-finished
steel
is
rolled
in
its
own
rolling
mills,
although
British
Steel
supplies
semi-finished
steel
products
to
other
steelmakers
for
rolling
into
finished
products.
Hoogovens
is
a
manufacturer,
processor
and
distributor
of
steel
and
aluminum.
Its
steel
products
include
hot
rolled
steel,
coated/uncoated
cold
rolled
steel
and
packaging
steel,
and
its
aluminum
products
include
rolled
and
extruded
products. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Corus
Group
plc
is
the
third
largest
steel
producer
in
Europe
and
the
fifth
largest
in
the
world.
The
Company
produces
steel
by
the
basic
oxygen
steelmaking
method
at
four
integrated
steelworks
in
the
U.K.
For
the
fiscal
year
ended
12/30/00,
net
sales
totaled
L11.7
billion.
Net
loss
after
U.S.
GAAP
adj.
totaled
L770M.
Results
are
not
comparable
as
the
Company
changed
the
fiscal
year
ended
from
September
to
December
in
fiscal
year
2000. | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Brian Moffat, 61 | Chairman,
CEO | D. Lloyd | acting
Fin. Director | Franswillem Briet | Member
of Exec. Committee and Exec. Director | Tony Pedder | Member
of Exec. Committee and Exec. Director | Henk A. Vrins | Member
of Exec. Committee and Exec. Director |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|