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| 21 Nov 2007 | |
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Corus Packaging Plus announces price increases from 1 January 2008 Corus Packaging Plus (CPP) will increase its prices for all deliveries as from 1 January 2008. While, the demand for high quality packaging steels, including technical and logistical services and innovation support, remains robust, CPP is facing significant cost increases in many areas, particularly raw materials. In order to ensure continuity for the packaging steel supply chain in the future, from 1 January 2008, CPP will increase its base prices by 6% and additionally apply new tin extras. A new price list will be issued by the end of this year. CPP is committed to the packaging sector and to maintaining the valued position for steel packaging in the overall packaging market. Corus Packaging Plus is one of Europe’s leading manufacturers of packaging steels, supplying high quality light gauge steels to the packaging industry worldwide. The company focuses on innovative new materials, applications and processing technologies, working closely with its business partners to increase value all along the supply chain. Corus is Europe's second largest steel producer with revenues of £9.7 billion and crude steel production of 18.3 million tonnes in 2006, primarily in the UK and the Netherlands. Combining international expertise with local customer service, the Corus brand represents quality and strength, providing innovative solutions to the construction, automotive, packaging, mechanical engineering and other markets worldwide. Corus is a subsidiary of Tata Steel, the world's sixth largest and second most global steel producer. With a combined presence in 45 countries, Tata Steel including Corus has 84,000 employees across four continents and a pro forma crude steel production of 27 million tonnes in 2007. For further information, please contact: | |
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