Industrial redeployment project for the Bettembourg site_

This project contains several parts. First, the current production activity of saw wire (wire for cutting the silica used in photovoltaic cells) will be performed by ArcelorMittal until June 2016, to fulfill current orders. To this day, the customer portfolio will be taken over by voestalpine, an Austrian partner specializing in this type of activity. In parallel, the building hosting the production lines will be acquired by Sam Hwa, a South Korean company involved in the automotive market which plans to invest significantly on the site to expand business. Finally, the company Kiswire, which is already located in the administrative offices of the Bettembourg site, will acquire the building to set up its offices. By the end 2016, a development plan, which is currently under study, will allow to set up new economic activities for the future on this site.
All employees of ArcelorMittal Bettembourg will be offered suitable solution. Dozens of open positions have already been identified within the Group in Luxembourg. The Korean partners that will operate on the site will also create jobs offered in priority to our employees.
For several years, the Bettembourg site recorded recurring losses despite an aggressive and ambitious action plan implemented in September 2014. The commercial redeployment and the evolution of sales prices have failed to return on profitability, in the saw wire market now concentrated in Asia where are located the main outlets for it, such as photovoltaics and semiconductors. Jean-François Haumonté, CEO of ArcelorMittal Bissen & Bettembourg, stated: « The solution we offer is promising perspectives for the future of the site, with companies that have a development project for their core business. Our teams in Bettembourg have shown a real commitment to try to restore a positive situation, but the market conditions we face since the crisis in 2009 remain very difficult and do not suggest positive outlook in a medium-term. At the moment, we will work intensively to offer everyone a solution to their situation ».

About ArcelorMittal Luxembourg
ArcelorMittal has its worldwide headquarters in Luxembourg. The group is present at 13 sites in the country, including corporate centers in Luxembourg-City and Esch-sur-Alzette, various steel production facilities of long, flat and wire products as well as distribution and steel service centers. ArcelorMittal also runs a R&D Center in Eschsur-Alzette.
ArcelorMittal Luxembourg is a top producer of long products like beams and steel sheet piles that provide innovative solutions to the modern construction industry. Heavy Jumbo sections and high performance steel grades from ArcelorMittal in Differdange have a worldwide reputation for use in high rise buildings and save up to 40% of material weight (and accordingly CO2). Steel sheet piles from ArcelorMittal in Belval have achieved leadership in this market segment through high quality and reliability. In Dudelange ArcelorMittal produces high added value flat
steel sheets, which deliver lightweight solutions for the automotive industry.
For more information about ArcelorMittal Luxembourg please visit: http://luxembourg.arcelormittal.com
Worldwide
ArcelorMittal is the world’s leading steel and mining company, with a presence in 60 countries and an industrial footprint in 19 countries. Guided by a philosophy to produce safe, sustainable steel, we are the leading supplier of quality steel in the major global steel markets including automotive, construction, household appliances and packaging, with world-class research and development and outstanding distribution networks.
Through our core values of sustainability, quality and leadership, we operate responsibly with respect to the health, safety and wellbeing of our employees, contractors and the communities in which we operate.
For us, steel is the fabric of life, as it is at the heart of the modern world from railways to cars and washing machines. We are actively researching and producing steel-based technologies and solutions that make many of the products and components people use in their everyday lives more energy efficient.
We are one of the world’s five largest producers of iron ore and metallurgical coal and our mining business is an essential part of our growth strategy. With a geographically diversified portfolio of iron ore and coal assets, we are strategically positioned to serve our network of steel plants and the external global market. While our steel operations are important customers, our supply to the external market is increasing as we grow. In 2014, ArcelorMittal had revenues of US$79.3 billion and crude steel production of 93.1 million tonnes, while own
iron ore production reached 63.9 million tonnes.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
For more information about ArcelorMittal please visit: http://corporate.arcelormittal.com/

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