ArcelorMittal will continue to invest in Romania, Indian steel magnate assures

ArcelorMittal remains committed to Galati and to Romania and will continue to invest in the business, building on the EUR 400 million that has been invested in the Galati Unit since 2009, Lakshmi Mittal, Chairman and Chief Executive Officer of ArcelorMittal addressed a letter to the Galati steel-makers with the occasion of celebrating 50 years of history of the Plant.

“October 2016 represents an important milestone in the history of ArcelorMittal Galati. 50 years ago, the first heavy plate was produced here and shipped to the customer. As a happy coincidence, two other important events are also celebrated this year, namely 10 years since ArcelorMittal was created – forging the world’s leading steel company – and 15 years since Mittal Steel purchased the Galati Plant’s shares from the Romanian State. It is clear to me that our people in Galati have managed, over the last five decades, to overcome hardships and – with professionalism, resilience and courage – to ensure the continuity of steel production,” said Lakshmi Mittal.

According to him, the quality of the people was one of the key reasons that led to the purchase, in 2001, of the unit in Galati by Mittal Steel.

“After several years of hard work and commendable team work, last year we saw the first positive results of the fundamental transformation of the Galati unit. I am fully aware of the changes and efforts you have made to improve the situation”, the Chairman of ArcelorMittal also added.

Indian steel magnate says that the goal now is to continue adapting and innovating the business, through the ‘Action 2020’ five-year plan, in order to remain the leading steel producer in Romania.

“The forthcoming inauguration of the new organic coating line is one excellent example of how you are innovating to produce more high-value added products in order to ensure future success,” ArcelorMittal head concluded.