Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Arcelor Mittal Sells Italian Steel Production
Dec 13, 2006
 Printable format
 Email this Article
 Search

As part of Mittal Steel's commitments to the European Commission during the recommended merger of Arcelor S.A and Mittal Steel N.V., Arcelor Mittal has announced today the agreed sale of Travi e Profilati di Pallanzeno and San Zeno Acciai to Duferco for an enterprise value of 117 million euros (approx. U.S. $155 million).

Travi e Profilati di Pallanzeno (TPP), which is a subsidiary of Arcelor, is a rolling mill located close to the Lago Maggiore in Northern Italy. In 2006 the company is expected to generate a turnover of more than 190 million euros (approx. $250 million) for an annual production of approximately 500 kt of long carbon steel products.

Following Mittal Steel's bid for Arcelor earlier this year, the European Commission identified competition concerns in relation to sections. In response, the company committed itself to the disposal of three European medium/heavy section mills: Arcelor's Stahlwerk Thüringen and Travi e Profilati di Pallanzeno (Italy), as well as Mittal Steel's section and bar mill Huta Bankowa (Poland). The divestment process for the latter is well engaged. An agreement for the sale of Stahlwerk Thüringen was announced on Dec. 6, 2006.
 

Back to Daily News

 

Daily News

...........................................................

Oct 30, 2014: Whirlpool Corp. reports strong third-quarter

Oct 30, 2014: Statistical Portrait of the European Appliance Industry Released by Appliance Magazine

Oct 30, 2014: New Whirlpool acquisition Indesit reports profit for year so far

Oct 30, 2014: Consumer Confidence Index rebounds in October

Oct 29, 2014: New home sales up slightly in September 2014

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows