Stainless Steel Giant Aperam Completes Ten Year Journey
Stainless steel giant Aperam, which was established as a spin off from ArcelorMittal in 2011, has completed ten years of operation. Aperam Chairman Mr Lakshmi N Mittal said "When Aperam was created ten years ago, the logic was to establish an independent company which would benefit from higher market visibility, pursue its growth strategy and enhance its competitiveness through a programme of self-help initiatives. The stainless steel industry has undergone dramatic change over the past decade, with the global competitive landscape being fundamentally reshaped by the emergence of major players in Asia who have disrupted global trade flows. Despite these challenges, Aperam has established itself as a leading player in its industry. We have improved our asset base and our cost competitiveness, strengthened our balance sheet, innovated to serve sustainable markets of the future, invested in our workforce, and set ambitious goals to further reduce our environmental impact. Aperam has become a much stronger company, capable of delivering value in the most challenging of market conditions. Looking forward, I am confident that our ongoing focus on structural improvement will ensure we continue to prosper for many years to come. In addition to these self-help initiatives, we continue to evolve our product range in-line with our customers’ increasing sustainability requirements, while also leading our industry's efforts to support the transition to a low-carbon, circular economy.”
Aperam’s Decade’s Summary
Global economic value distributed dose to EUR 40 billion.
More than 18 million of finished stainless steel products, shipped to customers in more than 40 countries.
Operational excellence: more than EUR 730 million of gains through the three phases of the Leadership Journey
Net Financial debt decreased by more than EUR 600 million
Lowest C02 footprint in the stainless steel industry globally
New objectives to further reduce C02 by 30% by 2030 vs 2015, and Carbon neutrality by 2050.
Aperam is a global player in stainless, electrical and specialty steel, with customers in over 40 countries. The business is organised in three primary operating segments Stainless & Electrical Steel, Services & Solutions and Alloys & Specialties. Aperam has a flat Stainless and Electrical steel capacity of 2.5 million tonnes in Brazil and Europe and is a leader in high value specialty products. In addition to its industrial network, spread over six production facilities in Brazil, Belgium and France. Aperam has a highly integrated distribution, processing and services network and a unique capability to produce stainless and special steels from low cost biomass charcoal made from its own FSC-certified forestry. In 2020, Aperam had sales of EUR 3.624 million and steel shipments of 1.68 million tonnes.
Source - Strategic Research Institute