Aceralia

Last updated
Aceralia
BMAD:  ACR
ISIN ES0138991015
IndustrySteel
PredecessorCorporacion de la Siderurgia Integral (1991)
formed from
Ensidesa (1950)
Altos Hornos de Vizcaya (1902)
Founded1997
Defunct2002
Successor Arcelor
RevenueIncrease2.svg 269.546 billion (1997) [1]
Increase2.svg 14.047 billion ₧ (1997) [1]
Total assets Increase2.svg 465.174 ₧ (1997) [1]
Number of employees
Increase2.svg 12,460 (1997) [1]
Website www.aceralia.es

Aceralia was a large Spanish steel producer formed in 1997 by restructuring of a group formed from earlier mergers of the steel producers ENSIDESA and Altos Hornos de Vizcaya . The company merged into Arcelor in 2001, and became part of ArcelorMittal in 2006.

Contents

History

In 1950 the state owned company Empresa Nacional Siderúrgica Sociedad Anónima (ENSIDESA) was formed to increase Spain's steel production, [2] part of the industrialisation and modernisation of Spain that led to the Spanish economic miracle of the 1960s.[ citation needed ] In 1973 the state owned company was forced to take over the Asturian steel company UNISA, which had invested heavily in a fully integrated steel works and did not have the capital to fund it. [3]

Aceralia torpedo train in El Valle, Asturias RN321053.JPG
Aceralia torpedo train in El Valle, Asturias

In 1991 the state owned company ENSIDESA was merged with Altos Hornos de Vizcaya to form the Corporacion de la Siderurgia Integral from which the Corporación Siderúrgica Integral (CSI) was formed in 1994 from the more profitable parts (as part of a privatisation process). [2]

In 1997 Aceralia Corporación Siderúrgica was formed by reorganisation of CSI, the same year the company formed a strategic alliance with the Luxembourg-based steel group Arbed. [2] As soon as it was formed, it was also privatised. [4] The group also acquired the Aristrain Group (steel sections), and Ucín (rebar, wire rod), in the process becoming the largest steel company in Spain. [2] In 2001 the company merged with two other European steel producers, ARBED and Usinor, to form Arcelor. [5] It became part of ArcelorMittal in 2006 with a plant in Avilés and Gijón, Etxebarri, Lesaka and Legasa, Sagunto and Sestao (part of Greater Bilbao).

See also

Related Research Articles

Arcelor S.A. was the world's largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of €30.2 billion and shipments of 45 million metric tons of steel in 2004. The company was created in 2002 by a merger of the former companies Aceralia (Spain), Usinor (France) and Arbed (Luxembourg). Arcelor is now part of ArcelorMittal after a takeover by Mittal Steel in 2006.

<span class="mw-page-title-main">Lakshmi Mittal</span> Indian steel magnate

Lakshmi Niwas Mittal is an Indian steel magnate, based in the United Kingdom. He is the executive chairman of ArcelorMittal, the world's second largest steelmaking company, as well as chairman of stainless steel manufacturer Aperam. Mittal owns 38% of ArcelorMittal and holds a 3% stake in EFL Championship side Queens Park Rangers.

Cockerill-Sambre was a group of Belgian steel manufacturers headquartered in Seraing, on the river Meuse, and in Charleroi, on the river Sambre. The Cockerill-Sambre group was formed in 1981 by the merger of two Belgian steel groups – SA Cockerill-Ougrée based at Seraing in the province of Liège, and Hainaut-Sambre based at Charleroi in the province of Hainaut – both being the result of post-World War II consolidations of the Belgian steel industry.

<span class="mw-page-title-main">ArcelorMittal Kryvyi Rih</span> Ukraines largest steel company, located in Kryvyi Rih

ArcelorMittal Kryvyi Rih is Ukraine's largest integrated steel company, founded in 1934 and located in Kryvyi Rih, in central Ukraine.

Usinor was a French steel making group formed in 1948. The group was merged with Sacilor in 1986, becoming Usinor-Sacilor and was privatised in 1995, and renamed Usinor in 1997.

The Aciéries Réunies de Burbach-Eich-Dudelange, better known by its acronym ARBED, was a major Luxembourg-based steel- and iron-producing company. Created in 1911 after the merger of three steel-producing companies, ARBED had a significant role in the economy of the Grand Duchy until it merged in 2002 with two other European steel companies to create Arcelor.

<span class="mw-page-title-main">Altos Hornos de Vizcaya</span> Former Spanish metallurgy company

Altos Hornos de Vizcaya, S.A. was a Spanish metallurgy manufacturing company. It was the largest company in Spain for much of the 20th century, employing 40,000 workers at its height. The business began in 1902 in Bilbao with the merger of three iron and steel businesses: Altos Hornos de Bilbao, La Vizcaya, and La Iberia. In the 1990s, following a series of mergers, it joined with Arcelor.

<span class="mw-page-title-main">ArcelorMittal</span> Luxembourgish steel manufacturing corporation

ArcelorMittal S.A. is a Luxembourg-based multinational steel manufacturing corporation headquartered in Luxembourg City. It was formed in 2006 from the takeover and merger of Arcelor by Indian-owned Mittal Steel. ArcelorMittal is the second largest steel producer in the world, with an annual crude steel production of 78 million metric tonnes as of 2022. It is ranked 197th in the 2022 Fortune Global 500 ranking of the world's largest corporations. It employs around 154,000 people and its market capital is $20 billion. The total value of company assets is estimated to be around $94 billion.

The Minière et Métallurgique de Rodange (MMR) was a Luxembourgish blast furnace steel producer and mining company originally established in 1872 as the Hauts-Fourneaux de Rodange. From 1905 to 1935 the company was a division of the Ougrée-Marihaye company.

ALZ (Allegheny-Longdoz) is a stainless steel producer based in Genk in Limburg province, Flanders, Belgium.

<span class="mw-page-title-main">ArcelorMittal Ghent</span> Belgian steelworks situated in Ghent near Zelzate, Flanders

ArcelorMittal Ghent is a Belgian steelworks situated in Ghent near Zelzate, Flanders. It was founded in 1962 by ARBED as Sidmar; the first maritime steel producer in Belgium.

Guillermo Ulacia Arnaiz serves as Vice President of Aceralia Corporation Siderurgica SA.

<span class="mw-page-title-main">Aperam</span> A company that produces stainless steel

Aperam S.A. is a company listed on the Amsterdam, Brussels, Paris, Madrid and Luxembourg stock exchanges and with facilities in Brazil, Belgium and France, which concentrates on the production of stainless steel and speciality steel. It was spun out of ArcelorMittal at the start of 2011; the facilities that became Aperam had about 27% by turnover of the stainless-steel market as of 2009.

<span class="mw-page-title-main">ARBED building</span> Former headquarters of ArcelorMittal

The ARBED building is the generally used name for the headquarters of ArcelorMittal and one of its predecessors, the ARBED steel manufacturing company, which was completed in 1922 on the Avenue de la Liberté, opposite the Rose Garden in Luxembourg City. The architect was the Frenchman René Théry, and construction was overseen by Sosthène Weis.

<span class="mw-page-title-main">Steel industry in Luxembourg</span> Overview of the steel industry of Luxembourg

In the industrial sector, the Luxembourg steel industry continues to occupy the first place in the country, even after the industrial reforms which have taken place since the 1960s.

EKO Stahl is a steelworks in Eisenhüttenstadt, Brandenburg, Germany. It was established by the East German government in the early 1950s on a greenfield site, initially producing only pig iron. The name was changed in 1961 from Eisenhuttenkombinat 'J.W. Stalin' to Eisenhüttenkombinat Ost (EKO).

<span class="mw-page-title-main">Ilva (company)</span> Italian steel company

Ilva S.p.A. is an Italian steel company in Taranto that for much of the 20th century was Italy's largest steel producer and one of the largest in Europe. In June 2017, Arcelor Mittal became the chief shareholder. In 2020 the company returned to commissioners' management and ownership of the Italian state. On 23 April 2021, capital was infused by the government of Mario Draghi, which took a 38% share and 50% of the voting rights.

<span class="mw-page-title-main">Sollac</span>

Sollac was a French steel company formed in December 1948 as a cooperative to produce steel rolls in Lorraine from steel provided by several other companies. There were various changes of ownership during the years that followed. In 1970 the company, under pressure from the French government, began to develop a large new continuous strip mill in the south of France. The French steel industry soon went into crisis, with excess capacity and declining demands from automobile manufacturers and the construction industry. Sollac became a subsidiary of Usinor in 1987, responsible for all flat products. In 2002 Usinor became part of Arcelor, which in turn was merged into ArcelorMittal in 2006.

<span class="mw-page-title-main">Altos Hornos del Mediterráneo</span> Former Spanish metallurgy company

Altos Hornos del Mediterráneo S.A. (AHM) was a Spanish ferrous metallurgy company incorporated in 1971 to operate the integral ferrous metallurgy in Sagunto, known as the 4th Integral Ferrous Metallurgy Plant of Spain. At the time of its creation, it inherited the historical facilities that Altos Hornos de Vizcaya had owned in Sagunto since the beginning of the 20th century. However, the company's activity was strongly affected by the industrial crisis that the country experienced in the 70's and 80's, so that in 1984 the public administration agreed to cease its operations.

References

  1. 1 2 3 4 "1997 Annual Report" (PDF). Aceralia. Retrieved 2020-12-01.
  2. 1 2 3 4 "History of Aceralia". www.arcelormittal.com. ArcelorMittal. Archived from the original on 2010-09-24.
  3. Pierangelo Maria Toninelli, p.222
  4. Pierangelo Maria Toninelli, pp.218 & 222
  5. "History of Arcelor". www.arcelormittal.com. ArcelorMittal. Archived from the original on 2010-09-24.

Sources