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

U.S. Steel Submits Bid For Polish Steel Company
Apr 24, 2003
 Printable format
 Email this Article
 Search
United States Steel Corporation (U.S. Steel) on Tuesday presented a formal offer to Poland's Ministry of State Treasury to purchase Polskie Huty Stali (PHS), a Polish steel company. Details of the offer are confidential under the terms of the official privatization process. Upon submitting U. S. Steel's bid, John H. Goodish, executive vice president for International and Diversified Businesses, commented: "This is an historic time for Poland's steel industry. The decisions made by the privatization committee will determine the fate of thousands of good-paying jobs and the future of steelmaking in Poland. With EU accession on the horizon, this decision is particularly critical." With regard to the U. S. Steel offer, Mr. Goodish said: "If we are the successful bidder, U.S. Steel will follow the same basic pattern that has proven successful for us in other parts of Europe—implementing proven U. S. Steel management practices and focusing on new capital investment priorities, while being responsive to the needs and interests of our workers and the community. "We firmly believe that U.S. Steel is the best strategic investor for Poland's steel industry. Our experience in the steel business, the complementary fit of PHS facilities with our other European operations, and our proven ability to work with trade unions and the local communities make U.S. Steel a perfect fit."

Back to Daily News

 

Daily News

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

Aug 21, 2014: Miele Annual Sales Up 2.2%

Aug 21, 2014: TTI Reports Record Sales

Aug 21, 2014: Stihl Annual Cycling Event Raises $539,000 So Far in 2014

Aug 21, 2014: Canadian Housing Starts Expected to Edge Down

Aug 21, 2014: Panasonic Releases 2014 Sustainability Report

More Daily News>>

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

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

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
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 | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows