ArcelorMittal, the world's largest steel company, announced on February 4 that it has acquired from Clarion Del Norte (Pujol Group) the remaining 50 percent stake of Laminadora Costarricense S/A and Trefileria Colima S/A, which constitute the only long carbon steel player in Costa Rica.
The other 50 percent stake is already owned by ArcelorMittal Brasil.
Laminadora Costarricense S/A has a rolled products capacity of 400,000 tonnes/year of Rebars and MBQ (merchant bar quality), and Trefileria Colima S/A has a wire products capacity of 60,000 tonnes/year. Both entities employ around 400 people, and mainly serve the construction market in
About ArcelorMittal
ArcelorMittal is the world's number one steel company, with 320,000 employees in more than 60 countries. The company brings together the world's number one and number two steel companies, Arcelor and Mittal Steel.
ArcelorMittal is the leader in all major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. An industrial presence in 27 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.
ArcelorMittal key pro forma financials for 2006 show combined revenues of USD 88.6 billion, with a crude steel production of 118 million tonnes, representing around 10 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of
