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Galați Steel Works
The Galați steel works (), 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 East Germany, officially known as the German Democratic Republic (GDR), ... [...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. Integrated mill An integrated steel mill has all the functions for primary steel production: * iron making (conversion of ore to liquid iron), * steel maki ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bucharest
Bucharest ( , ; ) is the capital and largest city of Romania. The metropolis stands on the River Dâmbovița (river), Dâmbovița in south-eastern Romania. Its population is officially estimated at 1.76 million residents within a greater Bucharest metropolitan area, metropolitan area of 2.3 million residents, which makes Bucharest the List of cities in the European Union by population within city limits, 8th most-populous city in the European Union. The city area measures and comprises 6 districts (''Sectors of Bucharest, Sectoare''), while the metropolitan area covers . Bucharest is a major cultural, political and economic hub, the country's seat of government, and the capital of the Muntenia region. Bucharest was first mentioned in documents in 1459. The city became the capital in 1862 and is the centre of Romanian media, culture, and art. Its architecture is a mix of historical (mostly History of architecture#Revivalism and Eclecticism, Eclectic, but also Neoclassical arc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Great Recession
The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009.“US Business Cycle Expansions and Contractions” United States NBER, or National Bureau of Economic Research, updated March 14, 2023. This government agency dates the Great Recession as starting in December 2007 and bottoming-out in June 2009. The scale and timing of the recession varied from country to country (see map). At the time, the International Monetary Fund (IMF) concluded that it was the most severe economic and financial meltdown since the Great Depression. The causes of the Great Recession include a combination of vulnerabilities that developed in the financial system ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ArcelorMittal
ArcelorMittal S.A. is a Luxembourg-based multinational steel manufacturing corporation, headquartered in Luxembourg City. It is ranked second on the list of steel producers behind Baowu, and had an annual crude steel production of 58 million metric tonnes in 2024. The company has steel-making operations in 15 countries, including 37 integrated and mini-mill steel-making facilities. In 2024, the company's production was 38% in the Americas, 53% in Europe and 9% in other countries, such as South Africa and Ukraine. The company is vertically-integrated and produces 58% of its iron ore needs, 90% of its coke needs, and 54% of its scrap and direct reduced iron needs. The company is ranked 190th on the Fortune Global 500. The company is 39.88% owned by Lakshmi Mittal and his family and the remainder of the company is publicly traded. The Company has iron ore mining activities in Brazil, Bosnia, Canada, Liberia, Mexico, Ukraine, South Africa and, via its joint venture in In ... [...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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mittal Steel Company
Mittal Steel Company N.V., incorporated in the Netherlands and headquartered in the United Kingdom, was a steel producer. In 2006, it produced 110.5 million tonnes of steel and had annual production capacity of 138 million tons of steel. In August 2006, it acquired Arcelor to form ArcelorMittal. The company was named Ispat International N.V. until a merger with LNM Holdings N.V. in 2004. As of 2006, the company was 44.79% owned by Lakshmi Mittal and his family and 54.74% of the company was publicly traded. History upright=1.5, lang=en, Growth of Mittal Steel's steel production, based on its acquisitions., alt=Mittal Steel Growth chart with acquired companies Mittal Steel Company is a successor to a business founded in 1989 by Lakshmi Mittal. In 1989, the company leased Iron & Steel Company of Trinidad & Tobago from its government. In 1992, the company acquired Sibalsa from the government of Mexico. In 1994, the company acquired Sidbec-Dosco. In 1995, the company acquire ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Joint-stock Company
A joint-stock company (JSC) is a business entity in which shares of the company's stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their 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 (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 companies. Some jurisdictions still provide the possibility of registering joint-stock companies without limited liability. In the United Kingdom and in other countries that have adopted its model of company law, they are known as unlimited ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Romanian Revolution Of 1989
The Romanian revolution () 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, primarily within the Eastern Bloc. 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 found itself inside the Soviet sphere of influence, with Communist rule officially declared in 1947. In April 1964, when Romania p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Galati 1966
{{Disambiguation ...
Galati may refer to: * Galați, a city in eastern Romania. * Galati Mamertino, municipality in the Metropolitan City of Messina in Sicily, Italy * Galați County, in Moldavia region of Romania * Galati (surname), surname See also * Galați (other) Galați is a city in Romania. Galați may also refer one of the following locations in Romania: * Galați County, the county containing that city * Galați, a village in Zlatna Town, Alba County * Galați, a village in Pui Commune, Hunedoara Coun ... [...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 significant events such as the , , and the |
Nicolae Ceaușescu
Nicolae Ceaușescu ( ; ; – 25 December 1989) was a Romanian politician who was the second and last Communism, communist leader of Socialist Romania, Romania, serving as the general secretary of the Romanian Communist Party from 1965 until Trial and execution of Nicolae and Elena Ceaușescu, his execution in 1989. Widely regarded as a dictator, he was the country's head of state from 1967 to 1989, serving as President of the State Council of Romania, State Council from 1967 and as the first President of Romania, president from 1974. He was overthrown and executed in the Romanian Revolution on 25 December 1989 along with his wife Elena Ceaușescu, as part of a series of Anti-communism, anti-communist uprisings in Eastern Europe that year. Born in 1918 in Scornicești, Ceaușescu was a member of the Romanian Communist youth movement. He was arrested in 1939 and sentenced for "conspiracy against social order", spending the time during World War II in prisons and internment ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
