ArcelorMittal acquires outstanding shares in Rolanfer Recyclage S.A.
Wednesday, Jul 16, 2008
Luxembourg, 16 July 2008 - ArcelorMittal announces is has acquired the outstanding 60% of the shares in Rolanfer Recyclage S.A. (“Rolanfer”) which now gives it 100% control over the company. Rolanfer is based in Yutz (France) near Thionville on the border with Luxembourg and operates a shredder at the port of Illange. Rolanfer specialises in the processing and recycling of scrap metal products including incinerated scrap, shredded scrap, and demolition scrap.
The bulk of its production is delivered to ArcelorMittal sites in Luxembourg. This acquisition will assist in securing the supply of scrap metal to ArcelorMittal operations in the region. In 2007 Rolanfer’s gross turnover was €13 million ($US 20.6 million at current exchange rates) and it shipped approximately 86,000 tons of scrap metal for the year. Rolanfer currently employs 24 staff and its new managing director is Mr. David Iroz.
About ArcelorMittal
ArcelorMittal is the world's largest integrated metals and mining company, with over 310,000 employees in more than 60 countries. ArcelorMittal is the leader in all 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 over 20 countries across 4 continents exposes the company to all the key steel markets, from emerging to mature.
ArcelorMittal key financials for 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 million tonnes, representing around 10 per cent of world steel output. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MTP), Brussels (MTBL), Luxembourg
(MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS). For more information about ArcelorMittal visit: www.arcelormittal.com
Source: ArcelorMittal
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