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:
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Highlight progress made in transforming the
competitiveness of the European flat business
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Showcase Ghent as a benchmark of excellence in
the European integrated steel industry
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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:
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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.
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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.
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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.
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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.
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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.
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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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