Calvert, Alabama – February 28, 2014
The identity of the world’s most modern steel finishing facility, AM/NS Calvert, has been announced at an employee-only reception held on facility grounds.
Addressing employees at the event, Mr. Lakshmi N. Mittal, chairman and CEO of ArcelorMittal, said: “The name is AM/NS Calvert. AM and NS need no explanation. And we chose Calvert because we wanted all of you to feel an ownership and engagement with the name. This is your plant, and Calvert is your town. And red and white I know is the color of the Alabama flag”.
“We very much hope that AM/NS Calvert will become synonymous with the highest quality products and will build a strong reputation for Calvert – this plant and this town - with all our customers and stakeholders,” Mr. Mittal added.
The partners reiterated their commitment to achieving the standard-setting potential of AM/NS Calvert which boasts a total capacity of 5.3 million tons and features state-of-the-art hot rolling, cold rolling, coating and finishing lines.
“I have been looking forward to meeting with you and visiting production facilities here on site. I hope that all of you gathering here today, and people from ArcelorMittal and Nippon Steel & Sumitomo Metal, will work together as a team, to grasp firm trust from important customers especially automotive manufacturers in southern areas of the U.S.,” said Shoji Muneoka, chairman and CEO of Nippon Steel & Sumitomo Metal Corporation.
It was also announced that Mr. Chris Richards is president of AM/NS Calvert, responsible for the operations of the new joint venture. From 2006 to date, Richards has served as president of I/N Tek & I/N Kote, ArcelorMittal and NSSMC’s joint venture in New Carlisle, Ind., which was formed in 1987.
ArcelorMittal and NSSMC announced on February 26 2014 that it had completed the acquisition of ThyssenKrupp Steel USA, having received all the necessary regulatory approvals.
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ArcelorMittal acquires ThyssenKrupp Steel USA with Nippon Steel & Sumitomo Metal Corporation for US$1,550 million