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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
In 1991 the state owned company ENSIDESA was merged with '' Altos Hornos de Vizcaya'' to form the ''Corporacion de la Siderurgia Integral'' from which the ''Corporación Siderúrgica Integral'' (CSI) was formed in 1994 from the more profitable parts (as part of a privatisation process).
In 1997 ''Aceralia Corporación Siderúrgica'' was formed by reorganisation of CSI, the same year the company formed a strategic alliance with the Luxembourg-based steel group
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 ...
in 2001, and became part of 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 la ...
in 2006.
History
ENSIDESA
In 1950 the state owned company ''Empresa Nacional Siderúrgica Sociedad Anónima'' (ENSIDESA) was formed to increase Spain's steel production, part of the industrialisation and modernisation of Spain that led to the Spanish economic miracle of the 1960s. In 1973 the state owned company was forced to take over the Asturian steel company UNISA, which had invested heavily in a fully integrated steel works and did not have the capital to fund it.
In 1991 the state owned company ENSIDESA was merged with '' Altos Hornos de Vizcaya'' to form the ''Corporacion de la Siderurgia Integral'' from which the ''Corporación Siderúrgica Integral'' (CSI) was formed in 1994 from the more profitable parts (as part of a privatisation process).
In 1997 ''Aceralia Corporación Siderúrgica'' was formed by reorganisation of CSI, the same year the company formed a strategic alliance with the Luxembourg-based steel group Arbed
The Aciéries Réunies de Burbach-Eich-Dudelange ( French; literally "United Steelworks of Burbach-Eich-Dudelange"), better known by its acronym ARBED, was a major Luxembourg-based steel and iron producing company. Created in 1911 after the me ...
. As soon as it was formed it was also privatised. The group also acquired the Aristrain Group (steel sections), and Ucín ( rebar, wire rod), in the process becoming the largest steel company in Spain. In 2001 the company merged with two other European steel producers, ARBED
The Aciéries Réunies de Burbach-Eich-Dudelange ( French; literally "United Steelworks of Burbach-Eich-Dudelange"), better known by its acronym ARBED, was a major Luxembourg-based steel and iron producing company. Created in 1911 after the me ...
and Usinor
Usinor was a French steel making group formed in 1948. The group was merged with Sacilor in 1986, becoming Usinor-Sacilor and was privatised in 1995, and renamed Usinor in 1997.
In 2001 it merged with Arbed (Luxembourg) and Aceralia (Spain) to for ...
, to form 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 ...
.
See also
*List of steel producers
This is a list of the largest steel-producing companies in the world mostly based on the list by the World Steel Association. This list ranks steelmakers by volume of steel production in millions of tonnes and includes all steelmakers with product ...
References
Sources
*External links
ArcelorMittal Steel companies of Spain {{Spain-company-stub