The Tata–Corus Merger: A Visionary Deal or a ‘Winner’s Curse’? During the last decade‚ Tata Steel took forward plans to hone their growth as a steel manufacturer through a series of global acquisitions. In turn‚ their initiatives allowed them to grow far beyond the domestic market and service the growing global demands for steel. For both India and Tata Steel‚ the biggest foreign acquisition to date was that of the Corus Group‚ a European steel manufacturer headquartered in the UK
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their customers. They need the commitment and support of key stakeholder groups‚ such as employees‚ in order to ensure changes are embedded to shape the organization for the long term. Corus was formed in 1999 when the former British Steel plc merged with the Dutch company‚ Hoogovens. Corus is now a subsidiary of the Indian-owned Tata Group. Corus has three operating divisions and employs 40‚000 people worldwide: Corus Strip Products UK (CSP UK) is based at Port Talbot and Llanwern‚ Newport
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Mill (SPM) is a manufacturing component of Corus Construction and Industrial in their Long Products Division. Recent acquisition by Tata Steel Corporation has not changed fundamental strategy in the UK and the Plate Mill itself remains a key part of the long product rolling sector within the group. Supplying plate from cast slab‚ to markets as diverse as shipbuilding‚ offshore structures‚ bridge building‚ mining machinery and wind tower fabrications (Corus Publications .2007) Plate is rolled from
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Introduction The steel manufacturing company Corus focuses on meeting the needs of its worldwide customers and providing innovative solutions. It manufactures‚ processes and distributes steel and aluminium products worldwide. Corus is a subsidiary of Tata Steel‚ part of the giant Indian conglomerate. Corus is a subsidiary of Tata Steel‚ part of the giant Indian conglomerate. Tata Group includes businesses in many industries - for example‚ chemicals‚ automotive‚ telecommunications‚ leisure and
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Project TATA CORUS MERGER A report submitted to ISB&M‚ Delhi Campus as a part fulfillment of Full time Postgraduate Program in Business Management. Abhishek Kumar ENR NO.: 1101 Batch: 2005-2007 E-mail: abhi.k.chaudhary@gmail.com International School of Business & Media‚ Delhi 7th Floor‚ Aggarwal Millennium Tower Netaji Subhash Place‚ Wazirpur District Centre‚ Pitampura‚ Delhi 110 034 Index |Serial No. |Topic
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Industrial Organization and Competitive Strategy Analysis of competitive advantage of Tata Steel in the Indian Steel Industry. Submitted by:- Himanshu Singh‚ G12024 Paul Jacob‚ G12034 Aninda Goswamy‚ G12008 Objective: This study has multiple goals:- 1. To find out if Tata Steel does enjoy a competitive advantage vis-à-vis other players in the Steel industry in India. 2. To ascertain the source of this competitive advantage. 3. Find out if this competitive advantage is sustainable
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CORUS: OVERCOMING BARRIERS TO CHANGE COMPREHENSIVE CASE Total Marks 100 Read the case ‘Corus: Overcoming Barriers to Change’ and answer the questions that follow. a. Analyze the type of change being introduced at Corus. [05 Marks] b. Identify and comment on the imperatives [factors]‚ both internal and external‚ that have moved Corus towards change. Which among these was the ‘tipping point’? [10 Marks] c. What barriers to change existed at Corus? Analyse the approaches Corus used to overcome
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of Jharkhand‚ Orissa and Chhattisgarh in India with additional capacity of 23 MTPA and a Greenfield project in Vietnam. Through investments in Corus‚ Millennium Steel (renamed Tata Steel Thailand) and NatSteel Holdings‚ Singapore‚ Tata Steel has created a manufacturing and marketing network in Europe‚ South East Asia and the pacific-rim countries. Corus‚ which manufactured over 20 MTPA of steel in 2008‚ has operations in the UK‚ the Netherlands‚ Germany‚ France‚ Norway and Belgium. Tata Steel
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Tata Steel: A Legacy and Competitive Edge The foundation of steel production in India was set by Jamestji Nusserwanji Tata when India’s first steel plant was registered as The Tata Iron and Steel Company Limited in 1907.[1] Soon the company diversified from rails and embarked on a journey‚ capitalizing on the unmet need of steel in India in an industry monopolized by it. Post-independence Tata steel completed its expansion of capacity to produce 2 Mn tonnes of ingot steel every year‚ making it largest
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.............................6 3.1 Arcelor Mittal .............................................................................6 3.2 Nippon Steel Corporation ...........................................................7 3.3 Shanghai Baosteel Group Corporation .......................................7 3.4 U.S Steel .....................................................................................7 3.5 Tata Steel ..........................................................................
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