Biggest U.S steel company to be sold
Article Abstract:
The merger of Dutch Steel Co. and International Steel Co. announced on October 25, 2004 would create the world's largest steel producer, with 1,65,000 employees, operations in 14 countries, and the capacity to produce 70 million metric tons annually. This merger is done to cut down the competition level and increase the production capacity.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
Local owner to recast local steel operations
Article Abstract:
International Steel Group Inc. (ISG) purchased the former Lukens specialty-steel operations in Coatesville and Conshohocken from Bethlehem Steel Corp. The facility had been under 18 months of bankruptcy. ISG plans to revitalize the facility, cutting the workforce, and changing how the plants operate.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2003
User Contributions:
Comment about this article or add new information about this topic:
Sales deal for steel company is closer
Article Abstract:
Bethlehem Steel Corp. announce plans to sell assets to International Steel Group Inc. for $1.5 billion. Industry analysts say the move is an attempt by Bethlehem to resolve its bankruptcy.
Publication Name: Philadelphia Inquirer (PA)
Subject: Business, regional
ISSN: 0885-6613
Year: 2003
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Du{ont will sell its drug division to Bristol-Meyers. Merged drug firm to retain local offices. American Home to buy Collegeville complex
- Abstracts: Peco rate cuts fail to impress some officials. Job cuts in Peco merger top Phila. lawmakers' concerns. Merger plan improves Peco image
- Abstracts: Interactive TV firm in Horsham to be sold. Deal to put WorldGate technology into advanced cable boxes. V-Span acquires rival videoconferencing firm
- Abstracts: Magellan is to cut therapy payments. Nomadic 'travel nurses' fill shortages at hospitals. Regional effort aims to reduce drug errors
- Abstracts: Benefits flow to Sunoco from Eagle Point refinery. Two stars two strays. Sunoco to close refinery, 3 blending plants