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ArcelorMittal Makes Donation for Victims of Myanmar Cyclone
05/30/2008 - ArcelorMittal is donating 100,000 euro to the Save the Children NGO to help the victims of the Myanmar disaster.
ArcelorMittal is donating 100,000 euro to the Save the Children NGO to help the victims of the Myanmar disaster.
The United Nations estimates that only 500,000 of the 2.4 million people in the worst-affected areas have received some form of aid. Nearly half of the survivors are children, which leaves 900,000 in desperate need of help. Save The Children, which has already reached over 160,000 people, has been recognized by the UN as the number-one responding agency in this emergency.
The United Nations estimates that only 500,000 of the 2.4 million people in the worst-affected areas have received some form of aid. Nearly half of the survivors are children, which leaves 900,000 in desperate need of help. Save The Children, which has already reached over 160,000 people, has been recognized by the UN as the number-one responding agency in this emergency.
"On behalf of ArcelorMittal, I would like to express my deepest sympathies to all the people affected by this disaster,” commented Lakshmi Mittal, ArcelorMittal’s Chairman and CEO. “As a responsible corporate citizen, ArcelorMittal is committed to contribute to the urgent relief efforts underway in Myanmar.”
The donation to Save the Children is being made by the ArcelorMittal Foundation.
ArcelorMittal is the world's largest and most global steel company, with 310,000 employees in more than 60 countries. The company leads a number of major global markets, 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 key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.
ArcelorMittal’s key financials for 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 million tonnes, representing around 10% of world steel output.
ArcelorMittal Financial Services LLC is a limited liability company that was recently formed under the laws of Delaware and is an indirect wholly owned subsidiary of ArcelorMittal. ArcelorMittal Financial Services is a limited purpose finance company and—except for the First Mortgage Bonds and $90 million of Series A 8% Preferred Stock of ArcelorMittal USA Inc., ArcelorMittal Financial Services LLC—has no material assets or liabilities.
ArcelorMittal USA Inc., one of North America’s largest steelmakers, serves a broad U.S. manufacturing base. The company is an indirect wholly owned subsidiary of ArcelorMittal.
