Following an operating loss of £385m in 2001, Corus is to offer its aluminium businesses for sale.
Corus is currently the fifth largest producer of downstream aluminium rolled and extrusion products globally. Its aluminium businesses account for around 14% of Corus’ sales.
Specifically, three aluminium businesses are up for grabs.
Corus Primary Aluminium operates two smelters in Europe – at Delfzijl in the Netherlands and Voerde in Germany. That company also has a 20% stake in the Alouette smelter at Sept Iles in Canada.
The second business, Corus Aluminium Rolled Products consists of rolling mills at Koblenz, Germany and at Duffel in Belgium, together with a 60% interest in Corus LP (Canada) at Cap-de-la-Madeleine.
Finally, Corus Aluminium Extrusions has plants in Vogt, Bonn and Bitterfeld in Germany, Duffel in Belgium and a 61% interest in a joint venture with Tianjin Non-Ferrous Metal Group in China.
The three Corus aluminium businesses employ 5,700 people in ten countries worldwide.