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ArcelorMittal Announces Donation for Victims of Sichuan Earthquake
LUXEMBOURG-(Business Wire)-May 20, 2008 - Regulatory News:
ArcelorMittal is donating over 1 million RMB to the Chinese Red Cross Foundation to help the relief efforts in China following the earthquake that struck Sichuan on Monday 12 May.
ArcelorMittal China and its employees donated 160,000 RMB, complemented by a 900,000 RMB donation from the ArcelorMittal Foundation. This represents a total of 1,060,000 RMB.
In addition to the cash donation, ArcelorMittal is offering to design, technically support and build a new earthquake resistant school for the region
ArcelorMittal China has also encouraged its employees to give blood to support disaster relief efforts as reports from quake-stricken areas show blood and plasma products are urgently needed.
Commenting, Mr. Lakshmi Mittal, Chairman & CEO of ArcelorMittal, said: "On behalf of ArcelorMittal, I would like to express my deepest sympathies to all the people affected by this tragedy. As a responsible corporate citizen, ArcelorMittal is committed to offering further support to the Sichuan region for the reconstruction effort."
ArcelorMittal previously contributed to the first anti-seismic school building in Izmit (Turkey), where a school building was destroyed by an earthquake in 1999.
About ArcelorMittal
ArcelorMittal is the world's largest and most global steel company, with 310,000 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 28 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 financials for 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 million tonnes, representing around 10 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
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