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Thursday, March 22, 2012

BlueScope to restructure international arms


In a statement, the company said its new BlueScope Global Building Solutions comprises the pre-engineered buildings businesses in North America, its entire China business and all pre-engineered businesses in south-east Asia.


The changes will see the group's North American PEB businesses, its South-East Asian PEB units and its entire China business combine to create BlueScope Global Building Solutions.


BlueScope's metal coating, painting and roll-forming businesses in South East Asia and North America will be combined into a new arm called BlueScope Building Products.


BlueScope China president Bob Moore has been appointed chief executive of the Global Building Solutions arm, where he will leading more than 5000 employees across eight countries.


BlueScope Asia chief Sanjay Dayal will take the chief executive role at BlueScope Building Products, and will also be responsible for the group's North American Steelscape and ASC Profiles businesses.


"These management changes will take effect on July 1, 2012, but will not impact FY2012 segment reporting," the company said.


Last month, BlueScope said it expected to record a slightly improved performance in the second half of the year, despite widening its loss by a huge amount in the first half.


For the six months to December 31, BlueScope posted a net loss of $530 million, 864 per cent worse than the previous corresponding period.

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