Arcelor Mittal

Arcelor Mittal

Infobox_Company
company_name = ArcelorMittal
company_
company_type = Public (Euronext|MT), (nyse|MT), (BMAD|LU0323134006|MTS), (LuxSE|MT)
foundation = 2006
location = Avenue de la Liberté, Luxembourg City, Luxembourg
key_people = Lakshmi Mittal (Chairman of the board and CEO), Aditya Mittal (CFO)
area_served = Worldwide
industry = Steel
products = Steel, flat steel products, long steel products, stainless steel, wire solutions, plates
revenue = US $105.2 billion (2007)cite web |url=http://www.arcelormittal.com/rls/data/upl/638-0-0-ArcelorMittalAnnualreport2007.pdf |title=Annual Report 2007 |accessdate=2008-06-14 |publisher=ArcelorMittal]
operating_income = profit US $14.83 billion (2007)
net_income = profit US $10.36 billion (2007)
assets = increase US $133.6 billion (2007)
equity = increase US $61.53 billion (2007)
num_employees = 310,000 (2007)
homepage = [http://www.arcelormittal.com/ www.arcelormittal.com]
intl = yes

ArcelorMittal (Euronext|MT, nyse|MT, BMAD|LU0323134006|MTS, LuxSE|MT) is the largest steel company in the world, with 310,000 employees in more than 60 countries. [cite web | date=2007-05-16 | title=ArcelorMittal sees profit up 40% | url=http://news.bbc.co.uk/2/hi/business/6660649.stm | publisher=BBC News] [cite web | date=2006 | title=World Steel in Figures | url=http://www.worldsteel.org/pictures/newsfiles/WSIF06.pdf | publisher=International Iron and Steel Institute] It has led the consolidation of the world steel industry and today ranks as the only truly global steelmaker. The company was founded in 2006 when Arcelor and Mittal Steel merged. It ranked 39th on the Fortune Global 500 list.cite web| title = CNN Money: Global 500, Our annual ranking of the world's largest corporations (money.cnn.com)| url=http://money.cnn.com/magazines/fortune/global500/2008/| accessdate = 2008-09-30] The company is headquartered in Luxembourg City, in southern Luxembourg, the former seat of Arcelor.cite web| title = Boston.com : Luxembourg drops law change in Arcelor bid battle| url=http://www.boston.com/news/world/europe/articles/2006/04/06/luxembourg_drops_law_change_in_arcelor_bid_battle/| accessdate = 2008-09-30]

Business

ArcelorMittal is a market leader in automotive, construction, household appliances and packaging. It holds sizeable captive supplies of raw materials and operates extensive distribution networks.

Its industrial presence in Europe, Asia, Africa and America gives the Group exposure to all the key steel markets, from emerging to mature. ArcelorMittal will be looking to develop positions in the high-growth Chinese and Indian markets.

ArcelorMittal key financials for 2007 show revenues of US$105.2 billion, with a crude steel production of 116 million tonnes, representing around 10% of world steel output.

ArcelorMittal is listed on the stock exchanges of New York, Amsterdam, Paris, Brussels, Luxembourg and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia.cite web| title = ArcelorMittal: Products & Services, Steel Services Centres (www.arcelormittal.com)| url=http://www.arcelormittal.com/index.php?lang=en&page=130&tb0=9| accessdate = 2008-09-30]

As of May 17, 2008, the market capitalisation of ArcelorMittal was $144.37 billion.cite web| title = Yahoo Finance: Arcelor Mittal, (finance.yahoo.com)| url=http://finance.yahoo.com/q?s=MT| accessdate = 2008-09-30]

Organizational structure

Lakshmi Mittal (owner of Mittal Steel), a non-resident Indian, is the Chairman and CEO.

The composition of ArcelorMittal's Group Management Board is as follows: Lakshmi N. Mittal (Chairman and CEO), Aditya Mittal (CFO), Michel Wurth, Gonzalo Urquijo, Sudhir Maheshwari, Christophe Cornier, Davinder Chugh.

ArcelorMittal's 11-member Board of Directors is responsible for the overall supervision of the company. The composition of the Board of Directors reflects the principles agreed upon in the memorandum of understanding dated June 25, 2006.


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References

External links

* [http://www.arcelormittal.com/ ArcelorMittal] — Official website
* [http://www.arcelormittal.tv/ ArcelorMittal Web TV] — Official WebTV/blog
* [http://www.littlebrown.co.uk/Title/9780316027991] — Cold Steel: The Multi-Billion-Dollar Battle for a Global Empire
*
* [http://8questions.wordpress.com/2006/11/23/5/8 Questions for the ArcelorMittal Deal]
*"Lakshmi Nivas Mittal (Man of Steel) - MSNBC"
* [http://finance.google.com/finance?q=MT Google Finance: ArcelorMittal]
* [http://www.arcelormittal-ehst.com/ ArcelorMittal Eisenhüttenstadt (Germany)]


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