Aditya has helped Mittal Steel to get a strong foothold in Central Europe, Africa and US…

Noticeably, it’s not only about turning around sick companies, with varied competencies and characteristics, but also about integrating them companies under a single banner and bringing out the best in them. To substantiate Mittal’s knack of spotting opportunities further, he has already spotted the changing balance of power from the west to the east. And it’s quite obvious in his recent bullishness towards India and China, that he will not tolerate any force which curbs his plans to expand in these countries. Although, L.N. Mittal started all alone in 1974, but today his family is all for him. His son Aditya Mittal, President & CFO of Mittal Steel Company, was amongst the key decision-makers in the company’s bid for Arcelor. After joining his father’s business in 1997, Aditya has helped Mittal Steel to get a strong foothold in Central Europe, Africa and US – and this has led to Mittal Steel becoming the world’s largest steel producer. These acquisitions include Polskie Huty Stali in Poland, Nova Hut in Czech
Republic, Sidex in Romania, Annaba in Algeria, Iscor in South Africa and International Steel Group in the US. Certainly, at present, there seems no force capable of stopping the Mittals in their endeavor to alter the face of global steel industry! To read more on IIPM Editorial Article, please click here…,  

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Source: IIPM, 4Ps, B&E

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