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Arcelor Mittal Dofasco
Arcelor S.A. was the world's largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of €30.2 billion and shipments of 45 million metric tons of steel in 2004. The company was created in 2002 by a merger of the former companies Aceralia (Spain), Usinor (France) and Arbed (Luxembourg). Arcelor is now part of ArcelorMittal after a takeover by Mittal Steel in 2006. Business Once employing 310,000 employees in over 60 countries, it was a major player in all its main markets: automotive, construction, metal processing, primary transformation, household appliances, and packaging, as well as general industry. With total sales of over €40 billion, Arcelor was, by 2006, one of the world's largest steel manufacturer in terms of turnover. It produced long steel products, flat steel products and inox-steel. In January 2006 Arcelor announced the acquisition of Dofasco, Canada's largest steel producer with an annual output of 4.4 m ...
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Société Anonyme
The abbreviation S.A. or SA designates a type of limited company in certain countries, most of which have a Romance language as their official language and employ civil law. Originally, shareholders could be literally anonymous and collect dividends by surrendering coupons attached to their share certificates. Dividends were therefore paid to whoever held the certificate. Share certificates could be transferred privately, and therefore the management of the company would not necessarily know who owned its shares. As with bearer bonds, anonymous unregistered share ownership and dividend collection enabled money laundering, tax evasion, and concealed business transactions in general, so governments passed laws to audit the practice. Nowadays, shareholders of S.A.s are not anonymous, though shares can still be held by a holding company in order to obscure the beneficiary. In different countries S.A. can be an abbreviation of: * in Galician and European Portuguese (used in Port ...
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Dofasco
ArcelorMittal Dofasco is a steel company based in Hamilton, Ontario, Canada. Dofasco is a standalone subsidiary of ArcelorMittal, the world's largest integrated steel producer. History Clifton and Frank A. Sherman founded Dominion Foundries and Steel in 1912, creating a giant that would bring prosperity and identity to the city of Hamilton, Ontario. Dofasco was incorporated as Dominion Steel Castings Company Limited in 1912, becoming Dominion Foundries and Steel Company in 1917. Sherman Mine opened in 1968 and closed in 1990. Its longtime nickname "Dofasco" was adopted as its legal name in 1980. Frank H. Sherman (Frank A.'s son) introduced to Dofasco and North America in 1954 the method of steel production known as basic oxygen steelmaking (BOS), thus rendering former processes obsolete because, with respect to them, the same quantity of steel from a BOS process is manufactured in one-twelfth the time. Basic oxygen steelmaking is superior to previous steelmaking methods because t ...
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Kamal Nath
Kamal Nath (born 18 November 1946) is an Indian politician who served as the 18th Chief Minister of Madhya Pradesh for approximately 15 months and resigned after a political crisis. He was the Leader of the Opposition in the Madhya Pradesh Legislative Assembly from March 2020 to April 2022. As a leader of the Indian National Congress he has served as the Minister of Urban Development. He is one of the longest serving and most senior members of the Lok Sabha, the lower house of India's bicameral Parliament. He was appointed the Pro Tem Speaker of the 16th Lok Sabha. He has been elected nine times from the Chhindwara Lok Sabha constituency of Madhya Pradesh.Profile at Parliament of India website
Nath was elected president of the
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Economic Nationalism
Economic nationalism, also called economic patriotism and economic populism, is an ideology that favors state interventionism over other market mechanisms, with policies such as domestic control of the economy, labor, and capital formation, including if this requires the imposition of tariffs and other restrictions on the movement of labor, goods and capital. The core belief of economic nationalism is that the economy should serve nationalist goals. Economic nationalists oppose globalization or at least question the benefits of unrestricted free trade. They favor protectionism and advocate for self-sufficiency. To economic nationalists, markets are to be subordinate to the state, and should serve the interests of the state (such as providing national security and accumulating military power). The doctrine of mercantilism is a prominent variant of economic nationalism. Economic nationalists tend to see international trade as zero-sum, where the goal is to derive relative gains (as ...
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Business Plan
A business plan is a formal written document containing the goals of a business, the methods for attaining those goals, and the time-frame for the achievement of the goals. It also describes the nature of the business, background information on the organization, the organization's financial projections, and the strategies it intends to implement to achieve the stated targets. In its entirety, this document serves as a road-map (a plan) that provides direction to the business. Written business plans are often required to obtain a bank loan or other kind of financing. Templates and guides, such as the ones offered in the United States by the Small Business Administration can be used to facilitate producing a business plan. Audience Business plans may be internally or externally focused. Externally-focused plans draft goals that are important to outside stakeholders, particularly financial stakeholders. These plans typically have detailed information about the organization or the ...
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Lakshmi Mittal
Lakshmi Niwas Mittal (; born 15 June 1950) is an Indian steel magnate, based in the United Kingdom. He is the Executive Chairman of ArcelorMittal, the world's second largest steelmaking company, as well as Chairman of stainless steel manufacturer Aperam. Mittal owns 38% of ArcelorMittal and holds a 3% stake in EFL Championship side Queens Park Rangers. In 2005, ''Forbes'' ranked Mittal as the third-richest person in the world, making him the first Indian citizen to be ranked in the top ten in the publication's annual list of the world's richest people. He was ranked the sixth-richest person in the world by ''Forbes'' in 2011, but dropped to 82nd place in March 2015. He is also the "57th-most powerful person" of the 72 individuals named in ''Forbes "Most Powerful People" list for 2015. His daughter Vanisha Mittal's wedding was the second-most expensive in recorded history. Mittal has been a member of the board of directors of Goldman Sachs since 2008. He sits on the World Stee ...
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Mittal Steel
Mittal Steel Company N.V. was an Indian company and one of the world's largest steel producers by volume and turnover. After a merger in 2005, it is now part of ArcelorMittal. History Mittal Steel Company was formed as Ispat International in 1978. At the time it was part of the Indian Steel company Ispat Industries which had been founded by Lakshmi Mittal's father in 1984. It was owned by the Mittal family, but in 1995 Ispat International separated from Ispat Industires after various disagreements between Lakshmi and his father. In 1989, the company acquired Iron & Steel Company of Trinidad & Tobago. In 1992, the company acquired Sibalsa. In 1994, the company acquired Sidbec-Dosco. In 1995, the company acquired Hamburger Stahlwerke, which formed Ispat International Ltd. and Ispat Shipping, and also bought Karmet Steel of Temirtau, Kazakhstan. Between 1996 and 1997, the company acquired Irish Steel Limited, Walzdraht Hochfeld GmbH and Stahlwerk Ruhrort. In 1997, the company we ...
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Severstal
Severstal (russian: Северсталь, , Northern Steel) is a Russian company mainly operating in the steel and mining industry, headquartered in Cherepovets. Severstal is listed on the Moscow Exchange and LSE and is the largest steel company in Russia. The company is majority-owned and controlled by billionaire Alexey Mordashov. Severstal owns major industrial facilities in Russia, Ukraine, Kazakhstan, France, and Italy, as well as in several African countries. The company also has mining assets, thus securing its supply of raw materials. Severstal also owns Severstal Cherepovets, a professional ice hockey club which plays in the Kontinental Hockey League and Severstal Air Company, an airline operating mainly from Vnukovo International Airport and Cherepovets Airport. Severstal has been ranked as among the 16th best of 92 oil, gas, and mining companies on indigenous rights and resource extraction in the Arctic. It's ranked 37 among the largest steel makers. In 2021, Se ...
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Jacques Chabanier
Ancient and noble French family names, Jacques, Jacq, or James are believed to originate from the Middle Ages in the historic northwest Brittany region in France, and have since spread around the world over the centuries. To date, there are over one hundred identified noble families related to the surname by the Nobility & Gentry of Great Britain & Ireland. Origins The origin of this surname ultimately originates from the Latin, Jacobus which belongs to an unknown progenitor. Jacobus comes from the Hebrew name, Yaakov, which translates as "one who follows" or "to follow after". Ancient history A French knight returning from the Crusades in the Holy Lands probably adopted the surname from "Saint Jacques" (or "James the Greater"). James the Greater was one of Jesus' Twelve Apostles, and is believed to be the first martyred apostle. Being endowed with this surname was an honor at the time and it is likely that the Church allowed it because of acts during the Crusades. Indeed ...
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Guillermo Ulacia
Guillermo Ulacia Arnaiz serves as Vice President of Aceralia Corporation Siderurgica SA. Biography Arnaiz served as the chief executive officer of Gamesa Corporación Tecnológica from December 1, 2005. He has previously served as Vice Chairman of General Motors Corp, Spanish unit; he also served as Executive Chairman since July 2006 until October 2009. Arnaiz worked for 10 years as a Director of flat steel products at Arcelor before becoming Vice President. Arnaiz serves as Co-Chairman of the Aceralia Aceralia was a large Spanish steel producer formed in 1997 by restructuring of a group formed from earlier mergers of the steel producers ENSIDESA and ''Altos Hornos de Vizcaya''. The company merged into Arcelor in 2001, and became part of Arcelo ... Management Committee, member of the General Management of the Arbed Group. References {{DEFAULTSORT:Ulacia, Guillermo 21st-century Spanish businesspeople Living people 1954 births People from Barakaldo Businesspeople ...
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Hostile Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new company. Types Friendly A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recomme ...
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Gen Arcelor2006
Gen may refer to: * ''Gen'' (film), 2006 Turkish horror film directed by Togan Gökbakar * Gen (Street Fighter), a video game character from the ''Street Fighter'' series * Gen Fu, a video game character from the ''Dead or Alive'' series * Gen language, the language of Togo * Gen-san, a character in the anime series ''Sky Girls'' *, Japanese Nordic combined skier *, Japanese singer-songwriter, musician, actor, and writer *, Japanese footballer *, Japanese novelist, visual novel writer and anime screenwriter *, Japanese engineer and businessman *, Japanese politician *, Japanese ballet dancer and choreographer *Generation as in GenX, GenZ, etc. Gen. or GEN may refer to: * General officer, a high senior rank in the military * GEN Corporation, of Japan * Gen Digital, a computer security software company in United States * GEN Energija, a state-owned power company in Slovenia * GEN, a website published by Medium * Global Ecovillage Network * Global Editors Network * ''Gewestelijk E ...
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