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What'sNew
The public is invited to attend the museum meetings. For 2010, meetings
will be held at 5pm on the second Tuesday of April, June, August, October
and December at USW, Local 1010 Memorial Hall located at 3703 Euclid Ave in
East Chicago. To verify a meeting date, please call 219-399-8134.
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CurrentNews
Read about NISHP in the Post Tribune
Click
here.
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RecentEvents
25 year Picnic
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ArcelorMittal is a successor to Mittal Steel, a business founded in 1989
by Mr. Lakshmi N. Mittal, the Chairman of the Board of Directors and
Chief Executive Officer of ArcelorMittal. It has experienced rapid and
steady growth since then largely through the consistent and disciplined
execution of a successful consolidation-based strategy. Mittal Steel
made its first acquisition in 1989, leasing the Iron & Steel Company of
Trinidad and Tobago. Some of its principal acquisitions since then
include Thyssen Duisburg (Germany) in 1997, Inland Steel (USA) in 1998,
Unimetal (France) in 1999, Sidex (Romania) and Annaba (Algeria) in 2001,
Nova Hut (Czech Republic) in 2003, BH Steel (Bosnia), Balkan Steel
(Macedonia), PHS (Poland) and Iscor (South Africa) in 2004, ISG (USA),
Hunan Valin (China) and Kryvorizhstal (Ukraine) in 2005, three Stelco
Inc. subsidiaries (Canada) and Arcelor in 2006.
Arcelor
was created in February 2002 by the combination of three steel-making
companies: Aceralia Corporación Siderúrgica ("Aceralia"), Arbed and
Usinor, to create a global presence in the steel industry. At the time
of its acquisition by Mittal Steel in 2006, Arcelor was the second
largest steel producer in the world in terms of production, with 2005
production of 46.7 million tonnes of steel and 2005 revenues of €32.6
billion. It operated in all key end markets: the automotive industry,
construction, household appliances, packaging and general industry.
Arcelor enjoyed leading positions in Western Europe and South America,
in particular due to its Brazilian operations.
In 2007,
ArcelorMittal continued to pursue a disciplined growth strategy, with a
total of 35 transactions announced in Argentina, Austria, Canada, China,
Estonia, France, Germany, Italy, Mexico, Poland, Russia, Slovakia, South
Africa, Turkey, the United Kingdom, Uruguay, the United States and
Venezuela, a number of which were completed in 2007. During 2007,
ArcelorMittal also announced or completed buy-out offers for minority
interests in certain of its subsidiaries in Argentina, Brazil and
Poland. ArcelorMittal also initiated development plans for its
greenfield projects in India, Liberia and Senegal and announced new
prospective development projects in Mauritania, Mozambique, Nigeria,
Russia, Saudi Arabia and Turkey.
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