|Founded||2006 by a merger of Arcelor and Mittal Steel|
|Chairman and CEO||Lakshmi Mittal|
|Products||Finished and semi-finished products (slabs, hot-rolled coil, cold-rolled coil, coated steel products, blooms, rails, rebars and sheet piles)|
|Market Value||26,843.5 m$|
- 1 About ArcelorMittal
- 2 Engagement in Cultural Diplomacy
- 3 Employment Policy
- 4 Education
- 5 Notable Activities
- 6 External Links
ArcelorMittal is a Dutch company registered in Luxembourg, that is one of the biggest steel producers in the world and one of the leading mining companies. The company was created in 2006 by the merger of Arcelor and Mittal Steel. Its Chief Executive Officer and Chairman is Lakshmi Mittal. Arcelor has steelmaking operations in over 20 countries and produces 6% of the worlds steel output. In 2013, the company produced 91,2 million tonnes of steel. Mining is another important operation within Arcelor, as they have mining facilities in 10 countries and in 2013 they produced 70,1 million tonnes of iron ore and 8,8 million tonnes of coal.
Engagement in Cultural Diplomacy
ArcelorMittal is highly engaged in Cultural Diplomacy, while the company tries to earn value for the community and also implement sustainability into their activities by minimizing the negative impact on the environment. But the company is not interested only in mining and producing, but also in research and development. The company has around 1,400 researchers and 11 laboratories all over the world. In 2013 Arcelor invested around 270 million dollars in research and development. The goal of these operations is to create cleaner processes, less CO2, use less water and energy and also make greener products and ensure their activities are more sustainable. They also support the economic and social development of the local communities in which they operate. ArcelorMittal supports music, art, culture and sport and also has a Foundation, that sponsors a lot of projects concerning humanitarian aid.
ArcelorMittal is present in more, than 60 countries on 5 continents, including Asia, Europe, South America and North America and Africa. At the end of 2013, the companies employees divided by continents were: 37% European Union, 16% Non-EU, but Europe, 17% Asia, 16% South America and the other 14% divided between North America and Africa. There are females in the Management team, but overall the female presence in the company is low.
Cultural Exchange Programs
While the company is present worldwide, they also offer their employees the opportunity to work internationally, switch borders, business units and parts of business. They can try different regions and different countries. The company tries to have managers with international experience and that´s why they have this cultural exchange program.
International Internship Programs
The company provides a huge number of internships, available on every continent, where the company operates, including countries such as the USA, Canada, Germany , Ukraine, South Africa, France or Poland. ArcelorMittal offers these internships, as they are looking to the future and trying to ensure the youth have the best experience possible in order to help identify future potential leaders.
Grants And Scholarships
ArcelorMittal financially supports talented young people. The company has partnerships with universities all over the world meaning it is possible for the students to win scholarships for their educational activities from ArcelorMittal.
Cooperation with Universities
ArcelorMittal has its own university, where the employees can exchange ideas, connect with people and network. ArcelorMittal offers many academic programmes: research and development, purchasing, IT, HR, health and safety, finance, sales and marketing and steel.
Promoting Human- and Civil Rights
The human rights policy of the company is based on the UN Universal Declaration of Human Rights, UN Global Compact, International Bill of Human Rights and the International Labour Organization's principles. The company is committed to protecting the human rights of all their employees, without exception of religion, gender or age.
Activities in the Field of Humanitarian Aid
The ArcelorMittal Foundation is part of the company, it was formed in 2007 and its mission is to support social and economic development in the areas, where the company operates. The main fields, that the foundation supports is health, education and community development. They are partners with NGOs, schools, local social and environmental institutions in more than 30 countries. In 2012 they supported 725 local projects.
The ArcelorMittal Foundation also offers mini-grants for their employees for community projects, that the employee is involved in. This Foundation also offers mini-grants to their employees for innovative projects in technology. The Foundation supported the Bem Bank in Brazil by providing access to small loans. These loans helped in local entrepreneurships and creating job opportunities. In 2010 they also supported the victims in Haiti by offering medical care. ArcelorMittal also donated an emergency trailer to the Red Cross in Czech Republic.
Supporting Music and Visual Arts
ArcelorMittal is an active supporter of music, arts and culture. In 2010 they organised a workshop on dance, music and theatre, where they could learn about the community from voluntary teachers. The Foundation supports offering music lessons for children in Brazilian cities. By this program they can participate in the Orchestra of Contagem. They also organised a one week long campaign, that includes cultural performances, music and theatre.
Supporting Film Industry
ArcelorMittal Mexico is the sponsor of the Morelia International Film Festival, that is in Michoacán. ArcelorMittal Ostrava has an educational film for pupils about steel production. Since 2010, the company in cooperation with Krakow Festival Office, supports the Film Music Festival in Poland.
ArcelorMittal Romania sponsors the mountain bike contest at Garboavele forest, as well as the handball team of the Sendreni School. In Bosnia and Herzegovina the company supports the “Miners”, that includes the Football Club Rudar Prijedor, Ski Club Rudar, Tennis Club “Mladen Stojanovic”, Basketball Club “Omarska”, Athletic Club PRijedor, Football Club “Omarska”, Veterans´Handball Club and Chess Club “Rudar”. There exists also a Sport Institute in ArcelorMittal Bremen, that popularize sports. The Michigan TechHuskies hockey club is also sponsored by ArcelorMittal. The company was the official partner of the 2012 London Olympic and Paralympic Games and they built the Orbit in the Olympic Park.