ArcelorMittal holds Investor Event
July 03 2017 - 1:18PM
3 July, 2017 - ArcelorMittal (the 'Company'), the world's
leading integrated steel and mining company is hosting an event
this evening and tomorrow in Ghent, Belgium for financial analysts
and investors.
The purpose of the event is to focus on how ArcelorMittal will
maintain industry leadership through the implementation of its
strategic plan Action 2020, with a specific focus on the European
flat business. A series of presentations will:
- Highlight progress made in transforming the competitiveness of
the European flat business
- Showcase Ghent as a benchmark of excellence in the European
integrated steel industry
- Present the strategic plan and key initiatives that will
support further transformation and outperformance of the European
flat business versus the competition
ArcelorMittal Flat Europe has transformed its competitiveness in
recent years, optimizing its footprint, investing for growth in
high added value segments and leveraging R&D and technology
strengths to provide cutting edge solutions for the most demanding
end markets. Its drive towards excellence has resulted in
productivity gains and outperformance versus the competition.
The company is confident it will maintain this progress and
momentum and will discuss key opportunities for the business in the
coming years including:
- The integration of Ilva, Italy's leading integrated steel
producer. Ilva represents a unique opportunity to add
significant value to ArcelorMittal's European business. It provides
ArcelorMittal with a primary production presence in Italy, Europe's
second largest steel consuming market. Strategically well
located, sitting next to one of Europe's largest deep-water ports,
with significant finishing capacity, it has the potential to be a
Tier 1 asset.
- The Europe Transformation Plan, which is part of Action
2020. The group's European footprint offers a unique
advantage to leverage the benefits of size and scale and implement
a series of efficiency improvement initiatives to sustainably
improve results. Fundamentally the transformation plan aims
to sustainably improve the competitive position of ArcelorMittal's
European flat business and create a positive performance gap over
the competition.
- Digitization. The group has been studying the
multiple opportunities that exist from digitization and has already
started to implement new digital solutions in line with Industry
4.0. The business areas offering the most potential are
procurement, distribution and commercial. Considerable work
is also underway to conceptualize the smart factory of the
future. The potential is considerable and includes the use of
drones, virtual reality and the internet of things.
- Continued development of cutting edge products and
processes. Our R&D team continues to push the boundaries in
terms of both product and process development. Recent
examples in process technology includes the Jet Vapor Deposition
line, which coats moving strips of steel in a vacuum chamber;
ACCtec, a new unique continuously cooling technology for plates,
which provides enhanced quality and cost savings; and the Hybrid
Filtration technology, which significantly cuts dust
emissions. On the product side, the group continues to build
on its industry leading products for the automotive industry and is
also developing ground-breaking products for industry and
construction.
- Sustainability as a driver of innovation. The
group is convinced that the focus on sustainability will create new
opportunities for steel as the benefits of its life-cycle
performance become better appreciated and has created its new
sustainable innovation tool to demonstrate steel's superior
credentials.
- The transformation of waste gases into
bio-ethanol. Still very early in development, the group
is testing the potential to transform waste-gases into bio-ethanol,
partnering with leading carbon technology company Lanzatech.
A pilot plant will be built in Ghent to test the scalability and
commercial success of this technology, which if successful will
help reduce carbon emissions.
Speakers include Aditya Mittal, Group CFO and CEO Europe, Geert
Poelvoorde, Executive Vice President, CEO of ArcelorMittal Europe
Flat Products, Greg Ludkovsky, Vice President, Global Head of
R&D and Matthieu Jehl, CEO ArcelorMittal Belgium.Full copies of
the presentations can be found on the company's website,
http://corporate.arcelormittal.com/
ENDS
About ArcelorMittal
ArcelorMittal is the world's leading steel and mining company,
with a presence in 60 countries and an industrial footprint in 18
countries. Guided by a philosophy to produce safe, sustainable
steel, we are the leading supplier of quality steel in the major
global steel markets including automotive, construction, household
appliances and packaging, with world-class research and development
and outstanding distribution networks.
Through our core values of sustainability, quality and
leadership, we operate responsibly with respect to the health,
safety and wellbeing of our employees, contractors and the
communities in which we operate.
For us, steel is the fabric of life, as it is at the heart of
the modern world from railways to cars and washing machines. We are
actively researching and producing steel-based technologies and
solutions that make many of the products and components people use
in their everyday lives more energy efficient.
We are one of the world's five largest producers of iron ore and
metallurgical coal. With a geographically diversified portfolio of
iron ore and coal assets, we are strategically positioned to serve
our network of steel plants and the external global market. While
our steel operations are important customers, our supply to the
external market is increasing as we grow.
In 2016, ArcelorMittal had revenues of $56.8 billion and crude
steel production of 90.8 million tonnes, while own iron ore
production reached 55.2 million tonnes.
ArcelorMittal is listed on the stock exchanges of New York (MT),
Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish
stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
For more information about ArcelorMittal please visit:
http://corporate.arcelormittal.com/
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Contact information ArcelorMittal Investor Relations |
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Europe |
+35247923198 |
Americas |
+13128993985 |
Retail |
+35247923198 |
SRI |
+442075431123 |
Bonds/Credit |
+33171921026 |
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Contact information ArcelorMittal Corporate
Communications |
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E-mail: |
press@arcelormittal.com |
Phone: |
+442076297988 |
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ArcelorMittal Corporate Communications |
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Paul
Weigh |
+442032142419 |
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France |
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Image 7 |
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Sylvie Dumaine / Anne-Charlotte Creach |
+33153707470 |
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