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

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

Oct 21, 2014: AHRI Annual Meeting Registration Remains Open

Oct 20, 2014: Electrolux 3Q Operating Income up 29%

Oct 17, 2014: Whirlpool completes purchase of majority interest in Indesit

Oct 17, 2014: Corrected: AHRI Annual Meeting Registration Remains Open

Oct 17, 2014: Walmart will moderate brick-and-mortar growth and increase capital spending on e-commerce capabilities

More Daily News>>

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

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

September 2014: Appliance Industry Focus: HVAC
June 2014: Appliance Magazine Market Insight: April 2014
May 2014: Appliance Magazine Market Insight: March 2014
April 2014: Appliance Magazine Market Insight: February 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