ArcelorMittal holds investor event in Italy
21 Marzo 2019 - 8:56AM
21 March 2019 – ArcelorMittal (the ‘Company’), the
world’s leading steel and mining company, hosted an investor event
at the ArcelorMittal Italia facility in Taranto (Italy) on 19 and
20 March.
The event focused on the strategic initiatives the Company is
undertaking to transform ArcelorMittal Italia into a modern,
best-in-class, integrated steel producer, capable of producing
high-quality products, satisfying its natural customer base and
re-establishing a trusted and transparent relationship with the
local community and other key stakeholders.
Presentations by members of the Company’s senior management,
highlighted:
- The change from Ilva to ArcelorMittal Italia and plans and
priorities to transform the plant into a high-performing, low cost,
top-tier steelmaking asset, with a comprehensive product
offering;
- The progress made at ArcelorMittal Italia since ArcelorMittal
assumed ownership of Ilva on 1 November 2018, and the strategies to
improve in four key areas: health and safety; environment;
industrial plan to turn around the plant; plans to fully integrate
ArcelorMittal Italia into the ArcelorMittal Europe Flat Products
business;
- An overview of ArcelorMittal Italia’s key business philosophy –
‘buy-make-sell’. ArcelorMittal Italia will look to leverage
ArcelorMittal’s size and expertise in improving the efficiency of
underperforming assets and ensuring business continuity in raw
materials, maintenance and repair; and utilise Italy’s position as
Europe’s second largest steel consuming market and ArcelorMittal
Italia’s role as a relevant local producer;
- ArcelorMittal Italia’s performance to date: on track to reach a
6 million tonne annual run-rate in 2019, with crude steel
production to increase to 8 million tonnes per annum once the
Company’s environmental investment programme has been completed;
continue to expect ArcelorMittal Italia to be Ebitda positive in
year one and free cash flow positive in year 3;
- ArcelorMittal Italia’s €2.4 billion investment plan, €1.15
billion of which allocated to the environmental projects, including
raw material yards, water treatment, sinter plants filters, and
coke plants revamping;
- An overview of ArcelorMittal’s European flat products business
highlighting: leadership position in the European flat market;
ongoing efforts to drive further productivity gains; its ongoing
investment programme; progress in improving product capabilities
and developing its range of higher added value products;
- Action 2020 progress across ArcelorMittal Europe Flat Products,
with a focus on the Transformation plan, digitalisation and cost
efficiency, all of which enables the company to outperform the
competition;
- The equally impactful next phase in the Transformation plan,
driven by digitalisation, positioning the company to increase the
performance gap compared to competitors
- The investments being made in breakthrough technologies to
tackle the carbon challenge and maintain industry leadership
through innovation.
Speakers included Aditya Mittal, Group President and CFO, and
CEO of ArcelorMittal Europe, Geert Van Poelvoorde, CEO of
ArcelorMittal Europe Flat Products, and Matthieu Jehl, CEO
ArcelorMittal Italia.
Full copies of the presentations can be found on the company’s
website:https://corporate.arcelormittal.com/investors/taranto-plant-tour
- 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 2018, ArcelorMittal had revenues of $76.0
billion and crude steel production of 92.5 million metric tonnes,
while own iron ore production reached 58.5 million metric
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 |
+44 20 7543 1156 |
Americas |
+1 312 899 3985 |
Retail |
+44 20 7543 1156 |
SRI |
+44 207543 1156 |
Bonds/Credit |
+33 171 921 026 |
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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 |
+44 20 3214 2419 |
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