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Arcelor S.A.

Type	Public (Euronext: LOR)
Founded	2002
Location	Luxembourg, Luxembourg
Key people	Guy Dollé, CEO
Industry	Steel
Products	Steel
Revenue	€ 32.611 billion (2005)
Employees	94,000
Website	arcelor.com

Arcelor S.A. (Euronext: LOR) is the world's largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of €30.2 billion and shipments of 45 million metric tons of steel in 2004. It is registered in Luxembourg. The company was created by a merger of the former companies Aceralia (Spain), Usinor (France) and Arbed (Luxembourg) in 2001. On 25 June 2006, Arcelor announced the decision to merge with Mittal Steel, with the new company to be called Arcelor-Mittal. Wikipedia does not have an article with this exact name. ... Highlights The so-called iTunes Law, which Apple has called state-sponsored piracy, is approved by the French Parliament (coat of arms pictured). ... Image File history File links Arcelor_logo. ... A public company is a company owned by the public rather than by a relatively few individuals. ... Euronext N.V. is a pan-European stock exchange with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ... For album titles with the same name, see 2002 (album). ... The old steel cable of a colliery winding tower Steel is a metal alloy whose major component is iron, with carbon being the primary alloying material. ... The old steel cable of a colliery winding tower Steel is a metal alloy whose major component is iron, with carbon being the primary alloying material. ... To meet Wikipedias quality standards, this article or section may require cleanup. ... Employment is a contract between two parties, one being the employer and the other being the employee. ... This page as shown in the AOL 9. ... Euronext N.V. is a pan-European stock exchange with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ... The old steel cable of a colliery winding tower Steel is a metal alloy whose major component is iron, with carbon being the primary alloying material. ... The phrase mergers and acquisitions or M&A refers to the aspect of corporate finance strategy and management dealing with the merging and acquiring of different companies as well as assets. ... 2001: A Space Odyssey. ... June 25 is the 176th day of the year (177th in leap years) in the Gregorian Calendar, with 189 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... Mittal Steel Company N.V. (NYSE: MT) is the worlds largest steel producer. ... Arcelor-Mittal is the company founded by merger between two steel companies, Arcelor and Mittal. ...

Business

Employing 94,000 employees in over 60 countries, it is a major player in all its main markets: automotive, construction, metal processing, primary transformation, household appliances, and packaging, as well as general industry. With total sales of over €30 billion, Arcelor is the world's largest steel manufacturer in terms of turnover. It produces long steel products, flat steel products and inox-steel. In January 2006 Arcelor announced the acquisition of Dofasco, Canada's largest steel producer with an annual output of 4.4 million tons. After an intense bidding war against the German ThyssenKrupp, Arcelor had finally bid 5.6 billion Canadian dollars. The high bid proves the importance of Arcelor's improving presence in the North American market. Car redirects here. ... Cranes are essential in large construction projects, such as this skyscraper In project architecture and civil engineering, construction is the building or assembly of any infrastructure. ... A major appliance is a large machine which accomplishes some routine housekeeping task, which includes purposes such as cooking, food preservation, or cleaning, whether in a household, institutional, commercial or industrial setting. ... Packaging is the enclosing of a physical object, typically a product that will be offered for sale. ... jdasl5555555555555555555555555555555555555555e programs. ... German industrial company ThyssenKrupp AG, with about 200,000 employees, mainly operates in the steel industry, but also in the automotive, industrial construction, and shipbuilding areas, as well as manufacturing lifts and providing other technologies and services. ... . This coin features a red-coloured poppy embedded in the centre of a maple leaf above a banner reading Remember - Souvenir. The mint claims that this is the first colour coin in circulation in the world. ...

Merger with Mittal Steel

Wikinews has news related to:

Arcelor declares merger with Mittal Steel

The company was the target of a takeover bid by its rival Mittal Steel on 2006-01-27. ^[1] However, the bid resulted in tremendous increase in shareholder value caused due to the highest ever share prices quoted for Arcelor. Two members of the board of Arcelor, Guillermo Ulacia and Jacques Chabanier also resigned suddenly. ^[2] On May 26, 2006 Arcelor announced its intention to merge with Severstal. Since then several economists, media and shareholders have questioned the intentions of Arcelor in announcing its merger with Severstal due to a perceived opacity in the transaction. But on 25 June 2006, the Arcelor board decided to go ahead with the merger with Mittal Steel and scrapped plans for Severstal merger. The new company will be called "Arcelor Mittal". Mittal Steel will hold 43.6% stake in the new company. Arcelor would pay Severstal €130 million as a "fine" for the fall-out of their failed talks. Lakshmi Mittal (owner of Mittal Steel) will be the president and Joseph Kinsch (current Arcelor chairman) will remain the chairman of the new company till his retirement.^[3][4] Arcelor's merger with Mittal would create an undisputed champion in the steel industry and will increase its bargaining power with suppliers and consumers. Image File history File links Wikinews-logo. ... Wikinews is a free-content news source and a project of the Wikimedia Foundation. ... // Mittal Steel Company N.V. (Euronext: MT, NYSE: MT) is the worlds largest steel producer by volume, and the second largest after Arcelor by turnover. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... January 27 is the 27th day of the year in the Gregorian calendar. ... May 26 is the 146th day of the year in the Gregorian calendar (147th in leap years). ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... Severstal (Russian: Северсталь, literally: northern steel) is a Russian company mainly operating in the steel industry, centred in the northern city of Cherepovets. ... June 25 is the 176th day of the year (177th in leap years) in the Gregorian Calendar, with 189 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...

Reaction to the takeover

Arcelor's directors strongly opposed the takeover, with Arcelor's chief executive, Guy Dollé, even dismissing Mittal as a "company of Indians".^[5] The French, Luxembourg and Spanish governments strongly opposed the takeover. The Belgian government on the other hand declared its stance as neutral and invited both parties to deliver a business plan with the future investments in research in the Belgian steel plants. The French opposition was initially very fierce and has been criticized in the British, American and Indian media as double standards and economic nationalism in Europe. Indian commerce minister Kamal Nath warned that any attempt by France to block the deal would lead to a trade war between India and France.^[6] A business plan is a summary of how a business owner, manager, or entrepreneur intends to organize an entrepreneurial endeavor and implement activities necessary and sufficient for the venture to succeed. ... Research is often described as an active, diligent, and systematic process of inquiry aimed at discovering, interpreting and revising facts. ... Economic nationalism is a term used to describe policies which are guided by the idea of protecting domestic consumption, labor and capital formation, even if this requires the imposition of tariffs and other restrictions on the movement of labour, goods and capital. ... Kamal Nath is Indias Commerce Minister. ... A trade war refers to two or more nations raising or creating tariffs or other trade barriers on each other in retaliation for other trade barriers. ...

On June 20, the above claim by economists was confirmed when Severstal increased its valuation of Arcelor. Management of Arcelor had in fact undervalued the company itself. The capability of management which had openly supported the previous valuation of Arcelor came into question. Further the combined markets of France, Belgium, Luxembourg and Spain chided Arcelor management and suspended trading of its stock. June 20 is the 171st day of the year (172nd in leap years) in the Gregorian Calendar, with 194 days remaining. ...

On June 26, the Board of Directors recommended the following: Approval of the improved Mittal offer (49% improvement compared to the initial offer of 27 January (108% improvement of the cash component); Proposed creation of Arcelor-Mittal; The inductrial and corporate governance model will the based on Arcelor's model. A corporate meeting is scheduled for 30 June to vote on this matter.

Products

The products of Arcelor are divided into three groups: Flat steel products, long steel products and stainless steel.

Flat steel products

The main production sites of flat steel products are Ghent-Zelzate, Dunkirk, Gijón, Fos-sur-Mer, Liège, Florange, Bremen, Eisenhüttenstadt and recently São Francisco do Sul in Brazil. Gent at Night Ghent (IPA: ; Gent in Dutch; Gand in French, formerly Gaunt in English) is a city located in Flanders, Belgium. ... Zelzate is a municipality located in the Belgian province of East Flanders. ... Location of Dunkirk in the arrondissement of Dunkirk Location within France Dunkirks seafront Map of Dunkirk courtesy of the Calgary Highlanders. ... Asturias Capital Gijón Area  - total  - % of Asturias Ranked 22nd 181. ... Fos-sur-Mer is a French commune, situated in the département Bouches-du-Rhône and the region Provence-Alpes-Côte dAzur. ... Liège (Dutch: Luik, German: Lüttich; before 1946, the citys name was written Liége, with the acute accent) is a major city located in the Belgian province of Liège, of which it is the capital. ... The river Weser flows through Bremen to the estuary at Bremerhaven. ... Eisenhüttenstadt (literally ironworks city in German; pronunciation) is a city in Brandenburg, Germany. ... The third-oldest city in the post-Columbian era. ...

See also

• List of steel producers

This article summarizes the world steel production by company. ...

External links

Wikiquote has a collection of quotations related to:

Arcelor

• Arcelor Homepage
• Yahoo! - Arcelor SA Company Profile
• Mittal Steel unveils Arcelor bid - BBC News
• Timeline of events for Arcelor-Mittal deal

Image File history File links Wikiquote-logo-en. ... Wikiquote logo Wikiquote is a sister project of Wikipedia, using the same MediaWiki software. ...

References

1. ^ "Arcelor Board of Directors unanimously rejects Mittal's hostile proposal" retrieved from Arcelor.com on 2006-02-07
2. ^ Management Board. Arcelor.com. Retrieved on 2006-02-07.
3. ^ Arcelor agrees to Mittal merger on International Herald Tribune
4. ^ Arcelor, Mittal decide to merge: Reports on Rediff.com
5. ^ "The struggle for Arcelor steel (editorial)", The International Herald Tribune, June 4, 2006.
6. ^ India, EU back Mittal's bid on Arcelor. hindustantimes.com.