Wed, February 2, 2011
Bloomberg reported that Aperam, the stainless steel unit spun off from ArcelorMittal last week, aims to cut costs by USD 250 million over two years, more than the USD 110 million still left to make under a previous plan.
Mr Bernard Fontana CEO of Aperam said that the company, already present in 32 countries, was open to making acquisitions in Asia, though it doesn't have anything specific to talk about at the moment. (sourced:bloomberg)
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