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Galați Steel Works
The Galați steel works ( ro, Combinatul Siderurgic Galați), formally Liberty Galați (formerly known as ''ArcelorMittal Galați'' and ''Sidex Galați''), is a steel mill in Galați, Romania, the country's largest. History Background The idea of building a large steel works in eastern Romania, with access to the Danube and/or the Black Sea, was first discussed in 1958 at a plenary session of the ruling Romanian Workers' Party. The decision was formalized by a decree in July 1960, shortly after the party's 8th Congress approved a huge investment for the project. At the congress, a heated debate took place over where to situate the plant; some wanted it near Constanța, at Midia or Mangalia, but they were overruled by leader Gheorghe Gheorghiu-Dej, who had roots in Galați. Building the works went against the wishes of the Soviet Union, whose leader Nikita Khrushchev, supported by the more industrialized Czechoslovakia and East Germany, wanted to have the southern part of the Comecon ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Steel Mill
A steel mill or steelworks is an industrial plant for the manufacture of steel. It may be an integrated steel works carrying out all steps of steelmaking from smelting iron ore to rolled product, but may also be a plant where steel semi-finished casting products are made from molten pig iron or from scrap. History Since the invention of the Bessemer process, steel mills have replaced ironworks, based on puddling or fining methods. New ways to produce steel appeared later: from scrap melted in an electric arc furnace and, more recently, from direct reduced iron processes. In the late 19th and early 20th centuries the world's largest steel mill was the Barrow Hematite Steel Company steelworks located in Barrow-in-Furness, United Kingdom. Today, the world's largest steel mill is in Gwangyang, South Korea. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bucharest
Bucharest ( , ; ro, București ) is the capital and largest city of Romania, as well as its cultural, industrial, and financial centre. It is located in the southeast of the country, on the banks of the Dâmbovița River, less than north of the Danube River and the Bulgarian border. Bucharest was first mentioned in documents in 1459. The city became the capital of Romania in 1862 and is the centre of Romanian media, culture, and art. Its architecture is a mix of historical (mostly Eclectic, but also Neoclassical and Art Nouveau), interbellum ( Bauhaus, Art Deco and Romanian Revival architecture), socialist era, and modern. In the period between the two World Wars, the city's elegant architecture and the sophistication of its elite earned Bucharest the nickname of 'Paris of the East' ( ro, Parisul Estului) or 'Little Paris' ( ro, Micul Paris). Although buildings and districts in the historic city centre were heavily damaged or destroyed by war, earthquakes, and even Nic ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GFG Alliance
Gupta Family Group Alliance (GFG Alliance) is an international group of businesses associated with businessman Sanjeev Gupta and the British Gupta family. Collectively, companies in the alliance are involved in mining, industry and trading. History In March 2021, GFG Alliance was struggling to secure new financing after the collapse of one of its lenders, Greensill Capital. GFG was put under brief observation by the German financial regulator BaFin for their business with Greensill. On 31 March Credit Suisse began insolvency proceedings against Liberty Commodities Limited, a GFG subsidiary, at a London court. The action was brought by another bank, Citigroup, which was acting under instruction from Credit Suisse. It related to Credit Suisse's supply-chain investment funds, worth nearly $10 billion, whose funds were party invested through Greensill Capital, which had placed $3.6 billion in GFG, part of which had funnelled down to LCL. It was expected for the balance sheet of Cred ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liberty House Group
Liberty Steel Group Holdings UK Ltd (LHG), which is also referred to as Liberty House or Liberty House UK, is a British industrial and metals company founded in the United Kingdom in 1992 by industrialist Sanjeev Gupta. It is headquartered in London, England, and has offices in Dubai, Singapore and Hong Kong. The holding company of Liberty Steel, Liberty House Group PTE Ltd is based in Singapore. The company focuses on ferrous and non-ferrous metal trading, metals recycling, steel and aluminium production, and engineering products and services. Gupta controls it through his vehicle GFG Alliance. History LHG was founded by Sanjeev Gupta in 1992. LHG, together with the SIMEC Group, part of the GFG Alliance, purchased the Lochaber aluminium smelter plant as well as the Laggan Dam from Rio Tinto in November 2016. In February 2017, LHG agreed to purchase the specialty steel division of Tata Steel Europe for £100 million. The purchase included the division's facilities in Rother ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ArcelorMittal
ArcelorMittal S.A. is a Luxembourgian multinational steel manufacturing corporation headquartered in Luxembourg City. It was formed in 2006 from the takeover and merger of Arcelor by Indian-owned Mittal Steel. ArcelorMittal is the second largest steel producer in the world, with an annual crude steel production of 88 million metric tonnes . It is ranked 197th in the 2022 Fortune Global 500 ranking of the world's largest corporations. It employs directly and indirectly 200,000 people and its market capital is $25 billion. The total value of company assets is estimated to be around $100 billion. Products and activities The company is involved in research and development, mining, and steel. ArcelorMittal in 2016 produced around 90 million tons of steel. As of May 2017, the company made 200 unique steel grades for automotive purposes, half of which were introduced since 2007. Among the steel varieties are Usibor 2000, which the company announced in June 2016 and released later th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arcelor
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mittal Steel Company
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 wen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint-stock Company
A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates of ownership). Shareholders are able to transfer their shares to others without any effects to the continued existence of the company. In modern-day corporate law, the existence of a joint-stock company is often synonymous with incorporation (business), incorporation (possession of legal personality separate from shareholders) and limited liability (shareholders are liable for the company's debts only to the value of the money they have invested in the company). Therefore, joint-stock companies are commonly known as corporations or limited company, limited companies. Some jurisdiction (area), jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other count ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Romanian Revolution Of 1989
The Romanian Revolution ( ro, Revoluția Română), also known as the Christmas Revolution ( ro, Revoluția de Crăciun), was a period of violent civil unrest in Romania during December 1989 as a part of the Revolutions of 1989 that occurred in several countries around the world. The Romanian Revolution started in the city of Timișoara and soon spread throughout the country, ultimately culminating in the drumhead trial and execution of longtime Romanian Communist Party (PCR) General Secretary Nicolae Ceaușescu and his wife Elena, and the end of 42 years of Communist rule in Romania. It was also the last removal of a Marxist–Leninist government in a Warsaw Pact country during the events of 1989, and the only one that violently overthrew a country's leadership and executed its leader; according to estimates, over one thousand people died and thousands more were injured. Following World War II, Romania was placed under the Soviet sphere of influence in 1947 with Communist rul ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ribbon-cutting Ceremony
An opening ceremony, grand opening, or ribbon-cutting ceremony marks the official opening of a newly-constructed location or the start of an event.''Streetwise Meeting and Event Planning'' Grand Openings: Chapter 8. . pp. 89–103. Opening ceremonies at large events such as the , , ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nicolae Ceaușescu
Nicolae Ceaușescu ( , ; – 25 December 1989) was a Romanian communist politician and dictator. He was the general secretary of the Romanian Communist Party from 1965 to 1989, and the second and last Communist leader of Romania. He was also the country's head of state from 1967, serving as President of the State Council and from 1974 concurrently as President of the Republic, until his overthrow and execution in the Romanian Revolution in December 1989, part of a series of anti-Communist uprisings in Eastern Europe that year. Born in 1918 in Scornicești, Ceaușescu was a member of the Romanian Communist youth movement. Ceaușescu rose up through the ranks of Gheorghe Gheorghiu-Dej's Socialist government and, upon Gheorghiu-Dej's death in 1965, he succeeded to the leadership of the Romanian Communist Party as general secretary. Upon his rise to power, he eased press censorship and openly condemned the Warsaw Pact invasion of Czechoslovakia in his speech on 21 August ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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