ArcelorMittal Nippon Steel India (AM/NS India) – a joint venture between ArcelorMittal and Nippon Steel, two of the world’s leading steelmakers – and Festo India, the world’s leading manufacturer and supplier of automation technology and technical education, announced the signing of a Memorandum of Understanding (MoU) at the Festo Corporate Center in Stuttgart, Germany. The partnership…
CHAR Technologies Ltd. (CHAR), a leader in sustainable energy solutions, announced that the Company has closed a C$6.6M strategic investment by world’s leading steel and mining company, ArcelorMittal S.A., through ArcelorMittal XCarb S.à r.l. (ArcelorMittal) and ArcelorMittal’s XCarb Innovation Fund. With a presence in 60 countries and primary steelmaking facilities in 16 countries, including ArcelorMittal Dofasco in Hamilton, Ontario, ArcelorMittal…
On 30 March 2023, ArcelorMittal signed a memorandum of understanding (‘MOU’) with the Japan Bank for International Cooperation (‘JBIC’) to strengthen their partnership in steelmaking and decarbonisation. The signing of the MOU between ArcelorMittal and JBIC builds on their existing business relationship, which includes JBIC’s financing in support of ArcelorMittal’s joint ventures with Nippon Steel…
Boston Metal, a company developing technology to fully decarbonize steel production, announced the $120 million first close of Series C fundraising led by multinational steel company, ArcelorMittal S.A. Microsoft’s Climate Innovation Fund and SiteGround Capital also joined as new investors in this round, alongside current investors. ArcelorMittal’s lead investment was made through its XCarb Innovation…
Infosys, a global leader in next-generation digital services and consulting, announced a strategic long -term collaboration with ArcelorMittal, the world’s leading steel and mining company. ArcelorMittal has chosen Infosys to help accelerate the company’s digital transformation journey and enable next-generation application management and business process management (BPM) services for ArcelorMittal Europe. Through this engagement, Infosys…
ArcelorMittal, one of the world’s largest steel producers and a global leader in industrials and manufacturing, announced it has promoted Sapan Gupta, VP and General Counsel of ArcelorMittal Nippon Steel to the position of Global General Counsel, effective from June 1, according to ET report. He will report to Genuino Christino, EVP and CFO, ArcelorMittal.…
ArcelorMittal Nippon Steel or AM/NS, a joint venture between ArcelorMittal and Nippon Steel recently announced that it has completed the acquisition of Bhander Power Plant in Hazira, Gujarat from Edelweiss Asset Reconstruction Company. Bhander, a natural gas-based thermal plant with an installed capacity of 500 megawatt (Mw), will remain captive to AM/NS India’s steel manufacturing…