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TOKYO (Reuters) -Nippon Steel said on Friday it will sell its entire 50% stake in a joint-venture steel plant it has in Calvert, Alabama, with ArcelorMittal, if the top Japanese steelmaker ...
On 26 February 2014, ThyssenKrupp sold its carbon steel facility in Calvert, Alabama to ArcelorMittal and Nippon Steel for $1.55 billion. The facility was renamed AM/NS Calvert through the 50/50 joint partnership with Nippon Steel & Sumitomo Metal Corp. [30] [31] In September 2014, ArcelorMittal and Gerdau sold Gallatin Steel to Nucor for $770 ...
Nippon Steel would control a 30 percent share of the joint venture, PT IndoJapan Steel Center. It is located in the Mitra Karawang Industrial Estate, West Java in a 4.8-hectare area with total investment for first phase $38 million and was expected to start operating in January 2013.
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The remaining portion of the ThyssenKrupp plant, with a production capacity of 5.3 million metric tons that includes a hot strip mill, cold roll mill and four coating lines, was purchased by a 50/50 joint partnership of ArcelorMittal and Nippon Steel in February 2014 for $1.5 billion and renamed AM/NS Calvert. At the time, ThyssenKrupp was the ...
Calvert Investments founded the Calvert Foundation, a separate 501(c)(3) nonprofit, in 1988. The goal of the foundation is to invest directly in underserved communities. [7] [8] In 1992, Calvert launched World Values Fund, the first International SRI mutual fund. [1] Calvert also started a Special Equities Program for high impact social ventures.
Meritor builds products in Australia and Singapore, as has development joint ventures, distribution centers, and sales locations in China and India. In 2013, the company employed nearly 1800 employees in Asia Pacific region and had been present in the region for close to 30 years.
Yesterday evening I reported that the University of Michigan wrote a $75 million check to a new fund from Sam Altman’s venture capital firm earlier this year—the second check the university ...