| |
CORUS INVESTS IN ADDITIONAL STEEL BLANKING LINE TO HELP MEET 100% SUPPLY CONTRACT FOR MAYFLOWER VEHICLE SYSTEMS
28 March 2003 - Corus Automotive
| Corus, the international metals company, has announced that it is installing an additional multi-strand blanking line in order to help meet increased demand, which includes a contract to supply Mayflower Vehicle Systems with 100 per cent of its skin panel blank requirements.
|
Installation of the new line, which represents a £250,000 investment at the company’s specialist Automotive Service Centre in Wolverhampton, is expected to be complete by mid April. The 20-tonne capacity, coil fed blanking line will supply Coventry based Mayflower Vehicle Systems with precision blanks for more than 100 different body parts for a number of major vehicle manufacturers. Blank production will start initially with a single shift, five days a week, allowing Corus to increase volume by over 30 per cent to meet immediate demand. Importantly, the line has the potential for Corus to double existing capacity in order to meet expected future growth in business. Commenting on the further investment by Corus in its downstream facilities, Alan Hutchinson, General Manager of the Automotive Service Centre, said: “As well as doubling our existing blanking capacity, the multi-strand blanking line will allow us to process the latest generation of high strength steels enabling us to meet the growing trend by vehicle manufacturers to specify these stronger grades of steel. In addition, the line’s modular arrangement means that it is highly flexible and can be reconfigured if required in order to meet changing demand patterns within the industry.”
About: Corus Automotive
Corus is one of the leading suppliers of steel products, services and technology to the automotive industry. A broad range of Corus steel from strip, engineering steels, special strip and tubes are used to make products that go into automotive applications including body-in-white, closures, chassis and suspension systems, powertrain, seats, safety systems and other components. Corus is committed to the global automotive industry, and, uniquely, combines its materials and vehicle engineering knowledge to respond cost-effectively to key drivers of importance to the sector, such as safety, fuel-efficiency, innovation and the environment. The Company actively supports supply chain initiatives that improve efficiency and enhance the value of steel used in automotive applications. Corus Group Plc is one of the world's largest metal producers with an annual turnover of £8 billion and major operating facilities in the UK, the Netherlands, Germany, France, Norway and Belgium. Corus' four divisions comprising Strip Products, Long Products, Distribution & Building Systems and Aluminium provide innovative solutions to the construction, automotive, packaging, mechanical engineering and other markets worldwide. Corus has 48,500 employees in over 40 countries and sales offices and service centres worldwide. Combining international expertise with local customer service, the Corus brand represents quality and strength. |
More News:
• For March 2003
• From Corus Automotive
• For General
|
