NationMaster - Encyclopedia: ArcelorMittal

ArcelorMittal is the largest steel company in the world.^[1]^[2] The company was founded in 2006 when Arcelor and Mittal Steel merged. Image File history File links Please see the file description page for further information. ... Arcelor S.A. (Euronext: LOR) is the worlds largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of 30. ... Mittal Steel Company N.V. (Euronext: MT, NYSE: MT) is the worlds largest steel producer by volume, and also the largest in turnover. ... A public company usually refers to a company which is permitted to offer its securities (stock, bonds, etc. ... Euronext N.V. is a pan-European stock exchange based in Paris[1] and with subsidiaries in Belgium, France, Netherlands, Portugal and the United Kingdom. ... The New York Stock Exchange (NYSE), nicknamed the Big Board, is a New York City-based stock exchange. ... Image File history File links Flag_of_Luxembourg. ... Image File history File links Flag_of_India. ... Lakshmi Nivas Mittal (à¤²à¤•à¥à¤·à¥à¤®à¥€ à¤¿à¤¨à¤µà¤¾à¤¸ à¤®à¤¿à¤¤à¥à¤¤à¤²) (born June 15, 1950) is a London-based Indian billionaire industrialist, born in Sadulpur Village, in Churu district of Rajasthan, India, and residing in Kensington, London. ... The steel cable of a colliery winding tower. ... The steel cable of a colliery winding tower. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... Image File history File links No higher resolution available. ... ISO 4217 Code USD User(s) the United States, the British Indian Ocean Territory,[1] the British Virgin Islands, Cambodia, East Timor, Ecuador, El Salvador, the Marshall Islands, Micronesia, Palau, Panama, Turks and Caicos Islands, and the insular areas of the United States Inflation 2. ... Earnings before interest and taxes (EBIT), also known as operating income and operating profit, is a term used to describe a companys earnings. ... Image File history File links No higher resolution available. ... Net income is equal to the income that a firm has after subtracting costs and expenses from the total revenue. ... Image File history File links No higher resolution available. ... For the album by the Kaiser Chiefs see Employment (album) Employment is a contract between two parties, one being the employer and the other being the employee. ... Look up slogan in Wiktionary, the free dictionary. ... A website (alternatively, Web site) is a collection of Web pages, images, videos and other digital assets that is hosted on a Web server, usually accessible via the Internet or a LAN. A Web page is a document, typically written in HTML, that is almost always accessible via HTTP, a... This article summarizes the world steel production by company. ... The steel cable of a colliery winding tower. ... Arcelor S.A. (Euronext: LOR) is the worlds largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of 30. ... Mittal Steel Company N.V. (Euronext: MT, NYSE: MT) is the worlds largest steel producer by volume, and also the largest in turnover. ... This article or section cites very few or no references or sources. ...

Organizational structure

Lakshmi Mittal (owner of Mittal Steel) is the president and chairman. Mittal's family will hold a 43.6% stake in this company. Counting all shareholders, 50.6% will be former Arcelor shareholders and 49.4% will be former Mittal shareholders. Lakshmi Nivas Mittal (à¤²à¤•à¥à¤·à¥à¤®à¥€ à¤¿à¤¨à¤µà¤¾à¤¸ à¤®à¤¿à¤¤à¥à¤¤à¤²) (born June 15, 1950) is a London-based Indian billionaire industrialist, born in Sadulpur Village, in Churu district of Rajasthan, India, and residing in Kensington, London. ...

In addition to Lakshmi Mittal as president and chairman, the Board of Directors of the company consists of eighteen non-executive members with six nominated by Mittal, three chosen independently, six nominated by Arcelor, three chosen by existing Arcelor shareholders and three employee representatives. In relation to a company, a director is an officer (that is, someone who works for the company) charged with the conduct and management of its affairs. ...

Business

The company is headquartered in Luxembourg, though Lakshmi Mittal works out of offices in Berkeley Square in London. In its current form, it is expected to have a planned capacity of 120 million tonnes. Its annual revenues are expected to be around $71.9 billion, earnings of $13.3 billion and market capitalization of about $46 billion and will have 320,000 employees. Berkeley Square in 1830. ... Market capitalization, often abbreviated to market cap, is a measurement of corporate size that refers to the current stock price times the number of outstanding shares. ...

Arcelor shareholders will receive 13 Mittal Steel shares and 155.60 euros in cash for 12 Arcelor shares. Mittal Steel is also offering 13 Mittal Steel shares and 188.42 euros in cash for 12 Arcelor convertible bonds. Current Arcelor shareholders will own 50.5 per cent of the combined group and the Mittal family 43.6 per cent of the capital and voting rights.

History

ArcelorMittal is a merger of Arcelor and Mittal Steel, which both have been formed by other steel mergers.

Arcelor S.A. (Euronext: LOR) is the worlds largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of 30. ... Arcelor S.A. (Euronext: LOR) is the worlds largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of â‚¬30. ... Arcelor S.A. (Euronext: LOR) is the worlds largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of â‚¬30. ... Arcelor S.A. (Euronext: LOR) is the worlds largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of â‚¬30. ... Dofasco is a steel company based in Hamilton, Ontario, Canada, which is also home to longtime Canadian rival Stelco. ... Mittal Steel Company N.V. (Euronext: MT, NYSE: MT) is the worlds largest steel producer by volume, and also the largest in turnover. ... Ispat International N.V. is a steel producing company with operations in Mexico, Trinidad, Canada, Germany & Ireland. ... Mittal Steel Company N.V. (NYSE: MT) is the worlds largest steel producer. ... Founded by Earnest T. Weir in 1909, Weirton Steel is a fully integrated steel producer and one of the worlds largest producers of tin plate products. ... Bethlehem Steel Corporations flagship manufacturing facility in Bethlehem, Pennsylvania, in the United States. ... A Corsair II aircraft made by Ling-Temco-Vought. ...

Trivia

Guy Dollé, the former CEO of Arcelor quipped after the takeover bid, "My son is not on the management board" stating that Lakshmi Mittal's son was on the board of Mittal Steel. [1] After the takeover was finally complete, L.N. Mittal became CEO and his daughter is now on the ArcelorMittal board. Guy DollÃ© (born in 1942, in Metz, France) is a French businessman. ... Arcelor S.A. (Euronext: LOR) is the worlds largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of 30. ...

ArcelorMittal launched a web tv channel, using latest web 2.0 technologies, to document the merger of the 2 companies. Check out www.arcelormittaltv.com

See also

This article summarizes the world steel production by company. ... Arcelor S.A. (Euronext: LOR) is the worlds largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of 30. ... Mittal Steel Company N.V. (Euronext: MT, NYSE: MT) is the worlds largest steel producer by volume, and also the largest in turnover. ...

References

External links

Image File history File links WikiNews-Logo. ... Wikinews is a free-content news source and a project of the Wikimedia Foundation. ...

Categories: Articles to be merged since April 2007 | Companies listed on the Euronext exchanges | Companies listed on the New York Stock Exchange | Steel companies of Luxembourg | Companies established in 2006 | CAC 40 | Companies based in Luxembourg City | Multinational companies | Arcelor Mittal The AEX index, derived from Amsterdam Exchange index, is a stock market index composed of Dutch companies that trade on Euronext Amsterdam, formerly known as the Amsterdam Stock Exchange. ... ABN AMRO (Euronext: AAB, NYSE: ABN) is one of the largest banks in Europe and has operations all over the world, its history going back to 1824. ... AEGON N.V. (Euronext: AGN, NYSE: AEG) is one of the worldâ€™s leading insurance companies ranked by market capitalization and assets. ... Ahold, (in full Koninklijke Ahold N.V., Royal Ahold N.V.), (Euronext: AH, FWB: AHO, NYSE: AHO, SWX: AHO) is a major international supermarket operator and foodservice company based in Amsterdam in the Netherlands. ... Akzo Nobel is a multinational company, active in the fields of healthcare products, coatings and chemicals. ... ASML Holding N.V. (Euronext: ASML, NASDAQ: ASML) (ASML) is the worlds leading provider of lithography systems for the semiconductor industry, manufacturing complex machines that are critical to the production of integrated circuits or chips. ... Corporate Express is an airline based in Calgary, Alberta, Canada. ... DSM (in full Koninklijke DSM N.V., or Royal DSM N.V.) is a multinational chemicals company. ... Fortis (Euronext: FORA and Euronext: FORB) is a large banking, insurance, and investment management company. ... Hagemeyer is a business-to-business (B2B) distribution services group focusing on the markets for electrical materials, safety and other MRO (Maintenance Repair and Operations) products in Europe, North America and Asia-Pacific. ... It has been suggested that this article or section be merged into Heineken. ... ING House, ING headquarters in Amsterdam ING Groep N.V. (NYSE: ING, Euronext: INGA) (known as ING Group) is a financial institution of Dutch origin offering banking, insurance and asset management services. ... KPN (in full Koninklijke KPN N.V., Royal KPN NV) (NYSE: KPN) is a Dutch fixed-line and mobile telecommunications company, including both 2G and 3G mobile operations. ... Numico (or in full Koninklijke Numico N.V., Royal Numico N.V.) (Euronext: NUM), is a specialist baby food and clinical nutrition company. ... Philips HQ in Amsterdam Koninklijke Philips Electronics N.V. (Royal Philips Electronics N.V.), usually known as Philips, (Euronext: PHIA, NYSE: PHG) is one of the largest electronics companies in the world, founded and headquartered in the Netherlands. ... Randstad Holding N.V. is a company specialising in solutions in the field of flexible work and human resources services with group companies in Europe and North America. ... Reed Elsevier is a leading global publisher and information provider. ... Rodamco Europe is a naamloze vennootschap (public limited liability corporation) that focusses on the management of retail assets, mainly shopping centers in major European cities. ... Royal Dutch Shell PLC is a multinational oil company (oil major) of British and Dutch origins. ... SBM Offshore N.V. (Euronext: SBMO) is the management holding company of a group of international companies, working as suppliers to the offshore oil and gas industry on a global basis. ... TomTom NV (Euronext: TOM2) is a Netherlands-based maker of navigation systems for automobiles, motorcycles, personal digital assistants, and mobile phones. ... Royal TPG Post wall box TNT N.V. (Euronext: TNT, NYSE: TP) is a provider of global express delivery, logistics, and mail services. ... Unilever (Euronext: UNA, LSE: ULVR, NYSE: UN) is an Anglo-Dutch company that owns many of the worlds consumer product brands in foods, beverages, cleaning agents and personal care products. ... Vedior N.V. (Euronext: VDOR) is an international staffing services company providing flexible labour, based in Amsterdam, the Netherlands. ... Wolters Kluwer N.V. (Euronext: WKL) is one of the worlds leading publishers and providers of information products and services. ...

Contents

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