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ArcelorMittal Makes Donation for Victims of Sichuan Earthquake

05/21/2008 - ArcelorMittal China and its employees as well as the ArcelorMittal Foundation together contribute 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, May 12.

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, May 12.
 
ArcelorMittal China and its employees donated 160,000 RMB, which was complemented by a 900,000-RMB donation from the ArcelorMittal Foundation, which brought the corporate total donation to 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.
 
“On behalf of ArcelorMittal, I would like to express my deepest sympathies to all the people affected by this tragedy,” commented Lakshmi Mittal, Chairman & CEO of ArcelorMittal. “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.
 
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.