Regulatory News:
ArcelorMittal has announced a 76 million euros investment to expand electrical steel production capacity at its Saint Chély d’Apcher plant in Southern France, a move in line with the Group’s strategy to strengthen its position in high added value steel products and solutions that contribute to lower carbon dioxide emissions.
The addition of a new 180,000 tonnes continuous annealing line will take Saint Chély d’Apcher‘s capacity to 210,000 tonnes per year of mostly high end non-grain oriented electrical steels, which are used among others in electric engines and wind turbines. The new line is scheduled to become operational during the second quarter of 2010.
Michel Wurth, member of ArcelorMittal’s Group Management Board in charge of ArcelorMittal Flat Carbon Europe, commented: “This is a very exciting investment. The addition of a continuous annealing line in Saint Chély d’Apcher will help the plant better serve its customers. It comes as further proof that ArcelorMittal is actively pursuing the development of steel grades and solutions which contribute to build energy-efficient and environmentally friendly equipments. And last but not least it secures the plant’s future for many years”.
Note to editors
Electrical steels are used in devices related to the production or consumption of electricity. The non-grain oriented electrical steels, the specialty of Saint-Chély d’Apcher, are used in engines and other heavy rotating machines.
About ArcelorMittal
ArcelorMittal is the world's largest integrated metals and mining company, with over 310,000 employees in more than 60 countries.
ArcelorMittal is the leader in all major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in over 20 countries across 4 continents exposes the company to all the key steel markets, from emerging to mature.
ArcelorMittal key financials for 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 million tonnes, representing around 10 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
For more information about ArcelorMittal visit: www.arcelormittal.com
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