Indian MNCs in Developed Markets, Mittal Steel

Topics: Mittal Steel Company, Environment, Natural environment Pages: 6 (1261 words) Published: July 5, 2014
Proseminar WS 09/10

Heilbronn, 10.11.2009

Lecturer: M. Manandhar, M. A.

Indian MNCs in Developed Markets,
Mittal Steel

Shila Guthmann

Matrikelnummer 171792

Onur Karaüzümlüler

Matrikelnummer 171793

Course of studies:

International Business - Intercultural Studies

Content

Page

1. Introduction

1

2. Definition

1

2.1 Definition of a multinational company

1

2.2 Definition of a developed market

1

3. Environment
3.1 Environmental policy

1

3.2.1 Production

1

3.2.2 Use

1

3.2.3 Recycling

1

3.3 Environmental measures

2

3.4 REACH

2

3.5 Environment in Germany

2

4. Human Resource Management
4.1 Human Resource Management worldwide

2

4.2 Human Resource Management in Germany

2

5. Conclusion

2

1. Introduction
ArcelorMittal is, since its merger in 2006, the world´s largest steel company. It offers a wide range of different steel products and is presented in about 60 countries. Lakshmi Mittal, the Indian founder of the family company Mittal Steel (formally LNM Group), has formed an impressive concern, with a steady focus on expansion and development. The most important acquisition was the merge with Arcelor, especially for the presence on the European Market. According to this merge we figured out specifically Human Resource Management and Environment. 2.1 Definition of a multinational company

“A corporation which maintains assets and/or operations in more than one country. A multinational corporation often has a long supply chain that may, for example, require the acquisition of raw materials in one country, a product's manufacture in a second country, and its retail sale in a third country. A multinational often globally manages its operations from a main office in its home country.” (http://financial-dictionary.thefreedictionary.com/Multinational+company) 2.2 Definition of a developed market

According to the financial times stock exchange a developed market is figured out by “high income economy, market and regulatory environment, custody and settlement, dealing landscape, derivates and the size of market.”

(http://www.ftse.com/Indices/Country_Classification/Downloads/FTSE_Country_Classification_Se pt_09_update.pdf ) Germany´s GNP was € 2.536,99 million in 2008, illiteracy of 1%, life expectancy of about 79 years, an economic growth of about 2 % and a working social market. 3.1 Environmental policy

AM is a company which acts environmental friendly and sustainable, although they produce such a high amount of waste, CO2 emission and use many raw materials. The management of the company feels responsible to protect their environment and therefore they decided setting a focus on this policy, e.g. agreed about a paper with environmental friendly principles, which includes e.g. “Compliance with all relevant environmental laws and regulations and other company commitments” or “Efficient use of natural resources, energy and land”

(http://www.arcelormittal.com/rls/data/pages/685//EnvironmentalPolicy.pdf) 3.2.1 Production
The company separated the environment focus into production, use and recycling, which means research and develop environmental efficient. According to the international standard ISO 14040-44 they analyzed the life cycle of steel to understand, where the production pollutes the environment and where it is most efficient investing money. To avoid effecting the surrounding enormously they decided to develop new technology for their production, e.g. an “industrial prototype for vacuum plasma coat line” (http://www.arcelormittal.com/index.php?lang=en&page=686), which reduces that flat steel will be less prone to corrosion.

3.2.2 Use
AM develops new opportunities for their customers in using steel environmental friendlier, e.g. using advanced steel in electrical engines and rail transport, this effects the environment sustainable. 3.2.3 Recycling

AM is worldwide the biggest recycler of scrap steel. To...
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