PROFILE |
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Not all sales are "flat" at ARBED, although the steel company makes about 40% of its sales from its flat-products division. Other operations include long products (sections, beams, and rebar), stainless steel, wire drawing, copper foil, trading, and engineering. The company produces more than 20 million metric tons of steel annually. ARBED sells primarily to the automotive industry and to appliance, petrochemical, building, radiator, and sanitary installation companies. Europe accounts for about two-thirds of sales. ARBED is increasing its value-added products by adding galvanizing lines in Europe. The Luxembourg government owns 30% of ARBED, which is being acquired -- along with Spain-based Aceralia -- by France's Usinor.
COMPETITION |
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Corus Group plc (CGA)
ThyssenKrupp AG (TYEKF)
Usinor (USI)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
2000 Sales (mil.): 13,372.20
1-Yr. Sales Growth: 20.6%
Employees: 56,013
Revenue per employee: $238,733.87
KEY PEOPLE |
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Fernand Wagner
CEO
Michel Wurth
CFO
CONTACT INFO |
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19, avenue de la Liberté
L-2930 Luxembourg, Luxembourg
Phone: 352-47-92-23-60
Fax: 352-47-92-26-58
Online: Web Site
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