BIG BUSINESS :
ARCELORMITTAL
CITY FOCUS | LUXEMBOURG
BIG BUSINESS :
Luxembourg has quickly established itself as a prime business location and , as such , industry behemoths such as ArcelorMittal and RTL Group have chosen the capital as their European business hub .
66
ARCELORMITTAL
Formed in 2006 following the takeover and merger of Arcelor by Indianowned Mittal Steel , ArcelorMittal is one of the world ’ s leading steel and mining companies . The Luxembourgheadquartered firm has a presence in more than 60 countries and an industrial footprint in 18 countries . The company has an annual achievable production capacity of approximately 113mn tonnes of crude steel in 2016 . ArcelorMittal says it is as the “ forefront of steel production research and development ( R & D ) and , as such , it has 12 research centres worldwide and spend USD $ 239mn on R & D in 2016 . Lakshmi Mittal is currently the firm ’ s CEO . In 2017 , ArcelorMittal reported sales revenues of USD $ 68.67bn .
JANUARY 2019