Connect with us

Hi, what are you looking for?

American Recycler: Your reliable companion in the worldAmerican Recycler: Your reliable companion in the world

Metal Recycling

ArcelorMittal finalizes acquisition of ILVA S.p.A.

ArcelorMittal has finalized its deal to acquire Italy’s ILVA S.p.A., giving it control of the European Union’s largest steel works.


“We are excited by ILVA’s potential; it is a complementary fit with our existing flat products business in Europe, provides significant scale, and is strategically well located,” said ArcelorMittal Europe chief executive Aditya Mittal.

ArcelorMittal has promised to invest more than EUR1.2 billion into the operation to catch up on deferred maintenance and to upgrade plants. The company has said the amount includes a reline of the Taranto facility’s No. 5 blast furnace.

The deal also includes a provision for more than EUR1.15 billion in environmental upgrades.

“Work has already begun, and, over time, I am confident we will deliver on our vision of transforming ILVA into one of Europe’s leading and responsible steel manufacturers,” Mittal said.

With the closing of the deal, ArcelorMittal is now calling the operation ArcelorMittal Italia. It will operate as part of its European flat-rolled division.

Published in the December 2018 Edition

Advertisement

You May Also Like

Metal Recycling

Metal Recycling

Resources

Add Your Organization The Breast Cancer Research Foundation Donate Your Vehicle to BCRF and Make a Difference! Help defeat breast cancer with your tax...

Equipment Spotlight

Manufacturer American BalerMisty Boyd800-843-7512www.americanbaler.com American PulverizerJames Holder314-781-6100www.ampulverizer.com Bano Recycling s.r.l.John Bertling905-318-5772www.shredder-bano.com BCA IndustriesJohn Neuens414-353-1002www.bcaindustries.com Danieli Centro RecyclingJim Stepanek319-531-8050www.danieli-centro-recycling.com Eldan Recycling A/SCarsten Nielsen716-731-4900www.eldan-recycling.com Erdwich Zerkleinerungs-Systeme...

Privacy Policy | Terms of Use
877-777-0043 • Phone 419-931-0737 • Fax 419-931-0740 • 28300 Kensington Ln., Ste. 500, Maumee, Ohio 43537
© Copyright American Recycler News, Inc. All rights reserved. Any reproduction of content requires written permission.