com/corp/who-we-are/at-a-glance Hill‚ C. (2011). International Business: Competing in the Global Marketplace. McGraw-Hill/Irwin‚ New York. Steelonthenet.com (2013). History of ArcelorMittal. Retrieved on January 23‚ 2013 from http://www.steelonthenet.com/kb/history-arcelor-mittal.html
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many benefits to the countries that it enters. For instance‚ its presence in a foreign market is deemed beneficial as it focuses on acquiring distressed companies and ameliorating them. However‚ it is important to note that that was not the case for Arcelor‚ Mittal Steel’s most recent acquisition. The management and politicians were opposed the concept of a foreign firm taking over an organization that was important to the European market. Due to the recent global economic crisis‚ Mittal Steel may find
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Jharkhand (World Socialist‚ 2011). A massive takeover bid‚ upped in May 2006 by 34 percent to 25.8 euros ($US33 billion) (World Socialist‚ 2011)‚ is currently underway by the world’s largest steel producer‚ Mittal Steel‚ for the world’s second largest‚ Arcelor. If successful‚ the massive new conglomerate had an annual output of around 110 million tons or about 10 percent of world steel production—three to four times that of its nearest rivals (World Socialist‚ 2011). With annual sales of $69 billion and
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in the market is beneficial as it focuses on acquiring and improving distressed companies. These acquisitions also help contribute more capital to each country. However‚ there are also some drawbacks. In Mittal Steel’s most recent acquisition of Arcelor‚ there were many concerns. European politicians opposed this acquisition because they felt as if Mittal Steel was an Indian enterprise. They thought this would have negative impacts on the European economy after the recent global crisis. 4. What
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Arcelor-Mittal is an integrated steel and mining company. Many think that the company was formed in the United States of America‚ but the fact is that the company was organized and registered in Luxembourg. The company’s article of association highlights those facts. The company is registered as a public limited liability company (“Societe Anonyme”) in Luxembourg‚ and the corporate purpose of the company is to manufacture‚ process‚ and market steel to the general public. History The name Arcelor-Mittal
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...................................5 2.3 Oligopoly ....................................................................................6 III. Company Profiles ............................................................................6 3.1 Arcelor Mittal .............................................................................6 3.2 Nippon Steel Corporation ...........................................................7 3.3 Shanghai Baosteel Group Corporation ..........................
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of American culture‚ so as to help him integrate his Chinese and American workers. Or Lakshmi Mittal‚ the London-based Indian boss of Arcelor Mittal‚ who says his multinational team of executives get on so well that he forgets there are different nationalities in the room‚ and who believes his firm has no nationality‚ instead being “truly global”. Lenovo and Arcelor Mittal are at the leading edge of a new phase in the evolution of the multinational corporation‚ as our special report this week argues
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Mittal is married to Usha Mittal‚ and has a son‚ Aditya Mittal and a daughter‚ Vanisha Mittal Bhatia. Mr. Mittal founded Mittal Steel Company (formerly the LNM Group) in 1976 and guided its strategic development‚ culminating in the merger with Arcelor‚ agreed in 2006‚ to found the world’s largest steelmaker. Since the merger‚ Mr. Mittal has led a successful integration‚ establishing ArcelorMittal as one of the world’s foremost industrial companies. He is widely recognized for the leading role he
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Summary I. Basis 2 A. Arcelor-Mittal and Arabic countries 2 B. Objectives 2 C. Overview of the protagonists 2 1. A geopolitic tensed 2 2. Geography and infrastructures logistics 3 3. COFACE classification 3 4. Decision 4 II. ArcelorMittal in syria and in Arabia Saudi 4 A. Syria 4 1. Country profile 4 2. Regulatory 4 3. Financial incentives 4 4. Infrastructures 4 5. Industry 5 6. Latakia industrial city 5 B. Saudi Arabia (KSA) 5 1. Country profile 5 2. Private sector 5 3.
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Liberalization vs. Globalization Submitted to: Submitted by: Dr. Surajit Bhattacharyya Rohit Kumar 0702061 Section B Mittal’s bid for Arcelor was a hostile bid. A takeover is considered "hostile" if either the board rejects the offer‚ but the bidder continues to pursue it‚ or the bidder makes the offer without informing the board of the target beforehand. On the other hand‚ Gujarat Ambuja deal was a friendly deal where both parties agreed to the price and the
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