Mittal Steel Expanding Indiana Research Laboratories
July 11 2006 - 9:00AM
PR Newswire (US)
CHICAGO, July 11 /PRNewswire-FirstCall/ -- Mittal Steel will break
ground Thursday for a major expansion of its research and
development laboratories in East Chicago, Ind. "This multi-million
dollar expansion will significantly enhance our Research &
Development operations not only in the United States but all over
the world, and will further improve our ability to provide advanced
engineering solutions to meet the evolving needs of our most
demanding customers," said Louis L. Schorsch, president and chief
executive officer of Mittal Steel USA. The research and development
center in East Chicago is an integral part of Mittal Steel USA's
material partnership with the most sophisticated manufacturers of
cars, trucks, appliances and other products. It also is
headquarters for research and development at Mittal Steel Co.
worldwide, with laboratories operating in France and the Czech
Republic as well. Gregory Ludkovsky, vice president of technology
for Mittal Steel USA and chief technology officer for both the U.S.
and global companies, hailed the new investment as additional
resources for the company's ongoing efforts to help customers
improve their products and control their costs. State and local
officials are among dignitaries expected to join Mittal executives
from the United States and London headquarters at the 11 a.m.
groundbreaking, along with customers, academics and union leaders.
Thursday begins Phase I of a planned $10 million expansion of the
East Chicago research campus. Phase I will add 22,000 square feet
to the laboratories of Building A. Construction is being
accelerated, and occupancy is expected within a year of
groundbreaking. The $4.2 million first phase will accommodate
equipment moved from Bethlehem, Pa., to consolidate the company's
research activities after the acquisition of International Steel
Group last year. The campus also is adding talent -- engineers and
technicians who transferred from Bethlehem and those being added in
an aggressive recruitment process that is attracting top steel
scientists from all over the world. The second phase would add
20,000 square feet to Building B, just east of the construction
that begins Thursday. The building design features exterior panels
of SLEEK AZ (R), an innovative architectural steel that originates
from Mittal Steel USA's plant in Sparrows Point, Md. About Mittal
Steel USA Mittal Steel USA, with its affiliates, is the largest
steel producer in North America and the largest integrated steel
producer in the United States. It serves a broad U.S. manufacturing
base. The company was formed in April 2005 and consists of the
former Ispat Inland Inc. and the former International Steel Group.
It has operations in 12 states of the United States. About Mittal
Steel Mittal Steel Company (NYSE:MT)(AEX:MT) is the world's largest
and most global steel company. The company has operations in 16
countries, on four continents. Mittal Steel encompasses all aspects
of modern steelmaking, to produce a comprehensive portfolio of both
flat and long steel products to meet a wide range of customer
needs. It serves all the major steel consuming sectors, including
automotive, appliance, machinery and construction. For 2005, Mittal
Steel had revenues of US $28.1 billion and steel shipments of 49.2
million tons. The company trades on the New York Stock Exchange and
the Euronext Amsterdam under the ticker symbol "MT." DATASOURCE:
Mittal Steel Company CONTACT: David C. Allen of Mittal Steel USA,
+1-312-899-3692
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