Corus to cut tinplate production by 120,000 tonnes

July 18: Production of packaging steel at Corus Packaging Plus (CPP) will be reduced by 120,000 tonnes from January 2008.
CPP announced today that output will be cut at its Trostre plant in Wales, the UK, due to overcapacity in the European tinplate market and rising raw material costs.
“Over the last two years, the performance of Corus’ packaging steel business has been adversely affected by continued significant cost increases for raw materials and energy, and increased packaging steel manufacturing capacity in Europe,” said the company in a press release.

To continue reading,
please login or subscribe to The Canmaker

Recent Articles