Saraswati Institute of Engineering & Technology, Hapur Lakshmi Mittal “ STEEL KING ” Chairman and Founder of Arcelor-Mittal Steel Group of Companies A Presentation on 1
RESULT Biography & Family Back Ground Business Idea and Start-up Business Strategies and Policies Awards and Achievements Massage of His LIFE. Saraswati Institute of Engineering & Technology, Hapur Flow of Presentation Present Status of Lakshmi Mittal 2
Saraswati Institute of Engineering & Technology, Hapur Biography & Family Back Ground Indian born British steel tycoon. Born on 15 th June 1950 in Rajasthan, Sadulpur Village. Family moved to Kolkata from Rajasthan. He graduated at the top from St. Xavier's College in Calcutta (Now known as Kolkata) with a Bachelor of Commerce degree (B. Com.) in Business and Accounting in 1969. His father Mohanlal Mittal set up a small steel mill in Kolkata. Began his career working in the family's steelmaking business in India, and in 1976. He married with Usha. In 1994, he branched out on his own due to differences with his father - with his uncles. 3
Saraswati Institute of Engineering & Technology, Hapur Business Idea and Start-up . His vision and hard work, Mittal pioneered the development of integrated mini-mills and the use of Direct Reduced Iron or “DRI” as a scrap substitute for steelmaking and led the consolidation process of the global steel industry. Between 2001 and 2004 takeover of plants in Romania, the Czech Republic and Poland followed. In 2004 Mittal Steel became the largest steelmaker in the world, with shipments of 42.1 million tons of steel and profits of over USD 22 billion. In February 2005, he got his big-ticket entry into the lucrative European market. In June 2005, acquired the massive 5 million ton Kazakh steel plant, Karmet from the government of Kazakhstan 4
Saraswati Institute of Engineering & Technology, Hapur Continue…. The year 2005 saw a tug of war between Mittal and Arcelor . Mittal beat Arcelor to the 4.8 billion dollar deal. Less than three months later, Mittal launched his takeover bid of Arcelor. And at that time he became the world's largest steel producer at 150 million tonnes steel in 2006 year. Ukraine's government gave him owner as a ‘Sultan of steel’. 5
Saraswati Institute of Engineering & Technology, Hapur Continue…. Arcelor Mittal Deal Mittal beat Arcelor to the 4.8 billion dollar deal World’s two largest steel makers was merged and the new company will account for 10% of global production. 6
Head Quartered in Netherland The world’s largest steel producing company Global presence in 18 countries with 260,000 workforce Highest revenue in the industry Tremendous acquisition momentum Product versatility in every segment Today the world's largest steel producer at 150 million tonnes steel in a year. Introduction Arcelor-Mittal Empire Saraswati Institute of Engineering & Technology, Hapur 7
Saraswati Institute of Engineering & Technology, Hapur ` 8 Hierarchy of ARCELOR-MITTAL STEEL COMPANY
Saraswati Institute of Engineering & Technology, Hapur 9 (Steel Exports in Different countries) Arcelor-Mittal Steel Company
10 Saraswati Institute of Engineering & Technology, Hapur Arcelor-Mittal Steel Company (INDIAN Scenario)
Saraswati Institute of Engineering & Technology, Hapur (Global Presence) 11 Cuba Mexico France Germany Romania South Africa Macedonia Poland Algeria HQ Arcelor-Mittal Steel Company USA Canada Czech Republic Bosnia Italy Ukraine Kazakhstan Brazil HQ = Netherland
Saraswati Institute of Engineering & Technology, Hapur 12 Years 2009 2010 2011 2012 2013 Americas 11.2 10.4 9.7 24.3 35.6 Europe 4.7 41.8 79.3 128.2 130.4 Asia & Africa 64.3 64.1 75.4 71.8 90.8 Total 80.2 116.3 164.4 224.3 256.8 (Numbers of Employees in Thousands) (Employees by Global Regions) Arcelor-Mittal Steel Company
Saraswati Institute of Engineering & Technology, Hapur Awards and Achievements 13 2008 “ Padma Vibhushan ”, Second Highest Indian Civilian Honor 2007 “Asian Business Award”, Middle East 2007 Bessemer Gold Medal, Institute of Materials, Minerals & Mining 2006 “Person of the Year” – Financial Times 2004 “European Businessman of the Year” – Fortune Magazine 1998 “Willy Korf Steel Vision Award” – American Metal Market & Paine Weber’s World Steel Dynamics 1996 “Steel maker of the Year” – New Steel Organization, USA
Saraswati Institute of Engineering & Technology, Hapur Present Status of Lakshmi Mittal 14 World’s largest and most global steel company with shipment of $ 49.2 million tones and revenue of over $28.1 billion in 2005 and net income of $3.4 billion. No. 1 high quality steel producer with crude steel capacity with more than 70 million tons per annum . Own steel making facilities in 16 countries spanning 4 continents. Employs 224000 people spanning 49 different nationalities .
Saraswati Institute of Engineering & Technology, Hapur 15 L N Mittal is a member of The Foreign Investment Council in Kazakhstan, The International Investment Council in South Africa, The World Economic Forum’s International Business Council and The International Iron and Steel Institute’s Executive Committee. L N Mittal is on the advisory board of the Kellogg School Of Management in the US
Saraswati Institute of Engineering & Technology, Hapur 16 Qualities and Distinctiveness of Lakshmi Mittal Hard working Outstanding vision Convincing, Motivating and guiding Capacity to lead Bravery Last but not Least…….. A caring family man …..!!
Contact Address : Lakshmi Mittal “Summer Palace” The Bishops Avenue Hampstead Garden Suburb London N2 OAB Great Britain Phone : 0171 629 7988 Website : www.mittalsteel.com “Summer Palace”