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Article: French: ArcelorMittal Invest in Steel Products for the Nuclear Industry.
- Article from:
- TendersInfo
- Article date:
- July 4, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: pinto03
Today, in the village of Le Creusot and before Nicolas Sarkozy, President of the French Republic, Anne Lauvergeon, Chairman of AREVA s Executive Board and Aditya Mittal, Chief Financial Officer of ArcelorMittal, signed an agreement for a 70 million Euro investment aimed at increasing production at the Industeel* steel plant regarding its steel products for the nuclear industry. The investment, which will be staggered between 2008 and 2010, will increase ingot production capacity significantly (from 35,000 t to 50,000 t a year).
In addition, the two companies will implement a joint 3-year metallurgy research and development program which ...