Posted in | News | Ferrous Alloys and Metals | Iron and Steel

ArcelorMittal Tackle Estonian Steel Market

Nov 15 2007

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ArcelorMittal today announces the acquisition of a 100% stake in Galvex OÜ, the Estonian privately owned steel galvanising line based in Tallinn and located on the Baltic Sea, subject to regulatory clearances and approvals.

Speaking today, Michel Wurth, Member of the Group Management Board of ArcelorMittal, said:

‘We look forward to bringing our expertise to Galvex OÜ as it joins our Central and Eastern Europe portfolio, which has already proved very successful, accounting for 18% of ArcelorMittal’s steel production in 2006.’

In 2006 Galvex OÜ produced 190 kt of Hot Dip Galvanised steel, mainly for the construction sector, with sales totalling 125 million Euros.

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