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ArcelorMittal Targets Shipments of 131 million tonnes by 2012
09/12/2007 - ArcelorMittal’s internal growth plan targets shipment increases of more than 20% from 2006 to 2012, ultimately reaching as high as 131 million tonnes.
ArcelorMittal announced that its internal growth plan targets shipment increases of more than 20%* from 2006 to 2012, ultimately reaching as high as 131 million tonnes.
The company says the increase is based only on organic growth and does not include any current or future major greenfield projects or potential growth through acquisition. The growth is to come largely from the company's low-cost operations in developing markets, particularly in Latin America, Africa, Eastern Europe, and the CIS.
"Underlying demand for steel globally remains buoyant with world steel production expected to maintain a yearly growth rate of between 3 and 5%,” commented ArcelorMittal President and CEO, Lakshmi N. Mittal. “Considering our high exposure to developing markets and industrial leadership, we are well positioned to capture growth opportunities which will permit us to increase shipments from our existing operations by some 23 million tonnes by 2012.
He added, “This growth plan forms only one part of our three dimension growth strategy which also focuses on value-added product growth and value-chain growth (mining and distribution)."
*The growth plan 2012 exercise concerns internal growth related to internal investment projects implemented, approved and under study. Volumes for 2012 exclude Sparrows Point disposal and European remedies, and include Sicartsa acquisition. It does not address operating results.
ArcelorMittal is the world's largest steel company, with 320,000 employees in more than 60 countries. The company leads a number of major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in 27 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.
