Creusot-Loire

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Creusot-Loire was a French engineering conglomerate.

History[edit]

The group was formed in 1970.[1]

The group was affected by the 1970s steel crisis,[1] and was not able to give a dividend after 1977.[2]

In 1984 the organisation became bankrupt with debts of $633 million;[3] the company's owner Empain-Schneider rejected state aid as the conditions included giving away control of another subsidiary Jeumont Industrie.[2]

References[edit]

  1. ^ a b Claude 2001.
  2. ^ a b Lewis, Paul (June 14, 1984), CREUSOT-LOIRE SPURNS FRENCH AID PLAN 
  3. ^ Bankruptcy: Creusot-Loire Goes Under, TIME, 24 December 1984 

Sources[edit]

  • Claude, Beaud (2001). "Le drame de Creusot-Loire : échec industriel ou fiasco politico-financier ?". Enterprises et Histoire (in french) 1 (27): 7–. doi:10.3917/eh.027.0007.  edit