Creusot-Loire
Creusot-Loire was a French engineering conglomerate.History
The group was formed in 1970 as a result of Compagnie des ateliers et forges de la Loire and merger.
The Société des Forges et Ateliers du Creusot had absorbed the Société métallurgique d'Imphy in 1968.
The group was affected by the 1970s steel crisis, and was not able to pay a dividend after 1977.
In 1984 the organisation became bankrupt with debts of $633 million; the company's owner Empain-Schneider rejected state aid as the conditions included giving away control of another subsidiary Jeumont Industrie.
