Navigation Links
Mittal tightens grip on steel making giant, to be its chief

Indian-born Lakshmi Mittal has strengthened his grip on Arcelor Mittal, announcing Monday that he is to become the new chief of the world's largest steel maker//.

The move reverses a previous plan when former Arcelor chief Roland Junck was given the post of chief of the combined group, shortly after Arcelor agreed to a 22 billion euros merger (28 billion) with 56-year-old Mittal's giant Mittal Steel.

But in a new restructuring proposal issued with the company's latest results Monday, Arcelor Mittal chairman Joseph Kinsch said Mittal could now be taking up the job.

"It had become clear over the past months that the interests of the company were not best served by the previous structure," Kinsch said announcing the change.

Despite fierce opposition from Arcelor's management, Mittal secured a merger with Arcelor about five months ago.

"The overarching priority for Arcelor Mittal is to successfully integrate the two companies and deliver the merger synergies and benefits," said Mittal, whose son Aditya is chief financial officer of the combined group and was of the key architects of the merger.

Kinsch said the move to hand over the chief executive job to Mittal would help "to clarify the leadership of the company".

Coinciding with the announcement of the new structure, Arcelor Mittal said it posted a 24 per cent rise in third-quarter EBITDA (earnings before interest, tax, depreciation and amortisation).

The Luxembourg-based company described the results as "a strong result" with EBITDA increasing to 3.4 billion euros.

Arcelor Mittal, which had a combined steel production capacity about three times its nearest competitor, also confirmed its full-year guidance.

However, the drop in steel prices meant that third-quarter turnover slipped to 17.3 billion euros from 17.8 billion euros in the same period last year.

Source-IANS
'"/>




Page: 1

Related medicine news :

1. Decision making made easier
2. Decision making made easier
3. Shared decision making in health care not beneficial to patient
4. Panama hat making a slow comeback
5. Expert panel confident of making AIIMS fully autonomous
6. Sleep Deprivation can Affect Competent Decision-making
7. EU medical chief says Europe ready for bird flu
8. Making Budhia run 65 km absolutely cruel,says Infosys chief
9. FDA chief takes decision without two senior officials’ opinion
10. A&E departments To Be Shut Down warns NHS chief
11. NHS acting chief’s intervie
Post Your Comments:
*Name:
*Comment:
*Email:
TAG: Mittal tightens grip steel making giant its chief

(Date:8/28/2015)... Boynton Beach, FL. (PRWEB) , ... August 28, ... ... creating problems for businesses nationwide. Addictions specialist, Dr. James Strawbridge, gives a new ... Strawbridge believes that it should begin with the employer and employees getting together ...
(Date:8/28/2015)... ... August 28, 2015 , ... The Nashville Business Journal ... leading in business. Mr. Troy Mizell, Chairman of the Board at MyGenetx, ... Journal's 2015 Veterans Awards will recognize Nashville military veterans who, through their professional ...
(Date:8/28/2015)... (PRWEB) , ... August 28, 2015 , ... Dr. Gregory ... such as radiating pain resulting in shoulder pain, hip pain, neck pain, ... in Civil Engineering from the University of Illinois, and then went on to earn ...
(Date:8/28/2015)... ... August 28, 2015 , ... The Quatela Center for Plastic Surgery is excited ... only nonsurgical product approved by the Food and Drug Administration to eliminate submental fat, ... Dr. William Koenig are among the premier cosmetic surgeons in Rochester to offer ...
(Date:8/28/2015)... ... , ... Mendon, IL, home of the Adams County Fairgrounds, was treated once ... good cause. In its second year, the “Music With A Mission” benefit concert was ... “Mission” of “Music With A Mission” is to raise money to help fund music ...
Breaking Medicine News(10 mins):Health News:MyGenetx Board Member Receives Veterans Award 2Health News:Healthpointe Welcomes Dr. Gregory K. Toumayan, Chiropractor, to Colton, Temecula, and Perris 2Health News:Healthpointe Welcomes Dr. Gregory K. Toumayan, Chiropractor, to Colton, Temecula, and Perris 3Health News:Non-surgical Treatment to Get Rid of The "Double Chin," Kybella™, Now Available at the Quatela Center for Plastic Surgery 2Health News:Non-surgical Treatment to Get Rid of The "Double Chin," Kybella™, Now Available at the Quatela Center for Plastic Surgery 3Health News:Best Drug Rehabilitation Sponsors "Music With A Mission" Concert Featuring Avenue Beat 2
... million US children and adolescents are overweight or obese. ... to decline in the United States, the disparity between ... to grow larger. These issues are addressed in a ... (April 2008), Active Living in Diverse and Disadvantaged Communities. ...
... feelings about Clinton, BOSTON, April 3, 2008 ... they are typically willing,to admit, according to newly released ... express about the U.S. Senator from New,York does not ... appear to be,very deep., Emotion Mining, a Massachusetts ...
... Highlight 2008 Additions to Co-Branded Healthy Eating Education Initiative ... ... Building upon its 2007 inaugural,public education campaign SPOT THE BLOCK, Cartoon Network ... expanded,edition of the online and on-air promotion to launch Monday, April 7. ...
... experts helping to develop first implantable and external ... pediatric ... of UPMC -- a national leader in the use of lifesaving,ventricular ... a collaboration that recently has been awarded a $2.3 million grant ...
... Toolkit Offers Resources for Payers, Providers, and ... The American,Association of Preferred Provider Organizations (AAPPO), ... (DMAA), today launched a diabetes,toolkit for PPO ... the,diabetes problem and identify effective strategies for ...
... (April 3, 2008) Choline, an essential nutrient found in foods ... risk of breast cancer, according to a study supported by ... to be published in The FASEB Journals print issue in ... that links egg consumption to a decreased risk of breast ...
Cached Medicine News:Health News:Active living in diverse and disadvantaged communities 2Health News:Active living in diverse and disadvantaged communities 3Health News:Voting for Clinton Evokes Deep-Seated Feelings of Insecurity 2Health News:Cartoon Network and the FDA to Launch Year II Expansion of SPOT THE BLOCK Nutrition Awareness Campaign on Monday, April 7 2Health News:Cartoon Network and the FDA to Launch Year II Expansion of SPOT THE BLOCK Nutrition Awareness Campaign on Monday, April 7 3Health News:Cartoon Network and the FDA to Launch Year II Expansion of SPOT THE BLOCK Nutrition Awareness Campaign on Monday, April 7 4Health News:Children's Hospital of Pittsburgh of UPMC Involved in Projects To Develop Nation's First Heart Assist Devices for Young Children 2Health News:Children's Hospital of Pittsburgh of UPMC Involved in Projects To Develop Nation's First Heart Assist Devices for Young Children 3Health News:AAPPO Releases Diabetes Toolkit to Spur Action on Better Diabetes Care 2Health News:AAPPO Releases Diabetes Toolkit to Spur Action on Better Diabetes Care 3Health News:Essential nutrient found in eggs reduces risk of breast cancer by 24 percent 2Health News:Essential nutrient found in eggs reduces risk of breast cancer by 24 percent 3
(Date:8/28/2015)... 28, 2015 According to a ... (Breast, Lung, Prostate) Type (Protein & Genetic Biomarkers) Profiling ... Prognostic) & Geography - Global Forecast to 2020", published ... reach around 17,689.0 Million USD by 2020 at a ... to 2020. Browse 191 Tables and ...
(Date:8/28/2015)... 2015 Research and ... of the "12th Annual Report and Survey ... to their offering. The 2015 12th ... and Production is the most recent study of ... projected future capacity and production. The report contains ...
(Date:8/28/2015)... WARRENVILLE, Ill. , Aug. 28, 2015 /PRNewswire/ ... Patterson Companies, Inc. (Nasdaq: PDCO ), is ... the previously announced acquisition of Patterson Medical by ... Medical will retain its name for a transition ... distributor of rehabilitation and sports medicine products.  With ...
Breaking Medicine Technology:Cancer Biomarkers Market Worth 17,689.0 Million USD by 2020 2Cancer Biomarkers Market Worth 17,689.0 Million USD by 2020 3Cancer Biomarkers Market Worth 17,689.0 Million USD by 2020 4Cancer Biomarkers Market Worth 17,689.0 Million USD by 2020 512th Annual Report and Survey of Biopharmaceutical Manufacturing Capacity and Production 2Patterson Medical Positioned for Continued Growth as a Newly Independent Company 2Patterson Medical Positioned for Continued Growth as a Newly Independent Company 3
... subset analyses of progression-free survival in,the SPARC ... in,relative risk of disease progression for patients ... as well as presence or absence of ... Pharmion,Corporation and GPC Biotech AG today announced ...
... Results in Improved Long-term [Five-years],Overall Survival for ... 2007 /PRNewswire-FirstCall/ -- FOLFOX4, an,Eloxatin(R)-based chemotherapy regimen, ... survival (OS) and,time to disease progression (TTP) ... in patients with metastatic (advanced) colorectal cancer.,Importantly, ...
Cached Medicine Technology:Additional New Data from Satraplatin SPARC Phase 3 Investigational,Trial Presented at ASCO Annual Meeting 2Additional New Data from Satraplatin SPARC Phase 3 Investigational,Trial Presented at ASCO Annual Meeting 3Additional New Data from Satraplatin SPARC Phase 3 Investigational,Trial Presented at ASCO Annual Meeting 4Additional New Data from Satraplatin SPARC Phase 3 Investigational,Trial Presented at ASCO Annual Meeting 5Additional New Data from Satraplatin SPARC Phase 3 Investigational,Trial Presented at ASCO Annual Meeting 6Additional New Data from Satraplatin SPARC Phase 3 Investigational,Trial Presented at ASCO Annual Meeting 7Eloxatin (oxaliplatin injection)-Based Chemotherapy Sets New,Treatment Benchmark in Patients With Metastatic Colorectal Cancer 2Eloxatin (oxaliplatin injection)-Based Chemotherapy Sets New,Treatment Benchmark in Patients With Metastatic Colorectal Cancer 3Eloxatin (oxaliplatin injection)-Based Chemotherapy Sets New,Treatment Benchmark in Patients With Metastatic Colorectal Cancer 4
... Centuries of German Craftsmanship have ... in the world. Ocutek® now ... Only holders of the coveted ... eight-year apprenticeship, are qualified to ...
... of German Craftsmanship have produced ... the world. Ocutek® now makes ... holders of the coveted Meisterbrief ... apprenticeship, are qualified to become ...
... Craftsmanship have produced the finest ... Ocutek now makes them available ... the coveted Meisterbrief certificate, which ... qualified to become Ocutek instrument ...
1mm by 7mm horizontal punch. Flat serrated handle. Overall length 87mm....
Medicine Products: