Corus Scunthorpe is part of the Corus Construction and Industrial service. There are 5,800 employees

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Corus

The Corus Introduction

The Corus Scunthorpe is part of the Corus Construction and Industrial service. There are 5,800 employees, employed at the Corus Scunthorpe. The sale deliveries at the Corus were 4.1 million. The Corus is the largest iron and steel making plant in the UK. The Scunthorpe Corus announced 44 million pounds in April 2004. They invested part of that in rod mill, and modernising of plate mill, and vacuum degasser and ladle arc furnace. In 2005 they announced 130 million pounds for new reheat furnace and breakdown mill stands in rod mill. They invested in Medium Section Mill to provide a world-class rail manufacturing facility and the creation of a rail service centre. The high product and volume flexibility of the Corus is ¾ blast furnaces, section, plants, semis, rods, and strong technical plant capability. The Corus lowered the number of employees in 2004 from 2003. In 2003 there were 13,600 and in the following year there were 12,900. The net assets in 2003 were 793 million pounds and the next year it was 959 million pounds. The turnover in 2003 was 2149 million and increased the following year to 2605 million pounds.

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Corus Location

Nearness to raw materials

Corus was first established near raw materials, as Scunthorpe was famous for coal. It produced large amounts of coal but now the coalmines are closed so there is no advantage.

Accessibility

Scunthorpe is near the motorway, which will be easier for transport and is close to Hull and Grimsby docks which is cheap to bring in raw the materials from other countries.

Government incentives

 Due to the fact that Scunthorpe is a poor ...

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