|
|
UAE Freezones Biz News Updates
|
|
|
Mittal opens hub in Jebel Ali
ArcelorMittal consolidates regional stocking in Dubai
ArcelorMittal, the world’s largest steel manufacturer, has established a new
state-of-the- art trade hub in Dubai’s Jebel Ali Free Zone as part of the
consolidation of offices and sales outlets in the Middle East following the
merger of Arcelor and Mittal.
The new Middle East hub was inaugurated on Monday.
The global steel giant, present in 60 countries with manufacturing units in
20 countries, will use the Jebel Ali facility spread over 86,000 square
metres as a hub for all the stocking centres of ArcelorMittal in the Middle
East.
Alain Le Grix, Group Management Committee Member, ArcelorMittal and CEO of
ArcelorMittal Distribution Solutions, said there is an improvement in demand
for steel in the region and, compared to 2012, the market is improving.
The steel company, which recorded revenues of $84.2 billion in 2012,
produced 88.2 million tonnes of crude steel. The Luxemburg-based Indian
steel company is controlled by Laxmi Mittal.
With over 320,000 employees in more than 60 countries, ArcelorMittal, formed
after the merger of the two leading steel companies Arcelor and Mittal
Steel, the company’s Middle East operations have been consolidated under
Dubai Steel Trading Company (DSTC). All the offices and branches of the two
companies in the UAE will be consolidated under one roof in the new
facility.
“Dubai Steel Trading Company is a specialised steel solutions provider in
the UAE and the Middle East. As a stockist of structural steel products, we
hav been catering to the needs of the oil and gas and construction industry
since 1986. The new facility in Jebel Ali is a fully-equipped covered
warehouse and will serve as the headquarters of ArcelorMittal Middle East,”
said Alain Le Grix.
Alan said the UAE is one place where the company offers all kinds of
verticals used in construction foundations and oil and gas.
The merger of Arcelor and Mittal Steel brought together the leading steel
makers in Western Europe and Latin America with their counterparts in
Northern America, Eastern Europe and the CIS and Africa.
Out of 118 million tonnes of steel produced worldwide, 22 per cent is
manufactured in the USA and Canada, 34 per cent in Western Europe, 18 per
cent in Central and Eastern Europe, 10 per cent in CIS and Central Asia,
seven per cent in Africa and nine per cent in Latin America.
For eight years, Laxmi Mittal, president and CEO of ArcelorMittal, headed
the list of the richest people in Britain. In the just released list of the
richest people in the UK, Mittal’s position has slipped by four places,
yielding his place to Russian billionaire Alisher Usmanov.
22 April 2013 |
| |
Courtesy Dubai Media Incorporated
|
|
