Reaction of Prime Minister on US Announcement of the Killing of Osama Bin Laden

Following is the reaction of Prime Minister, Dr. Manmohan Singh on US announcement of the killing of Osama bin Laden:

“I welcome it as a significant step forward and hope that it will deal a decisive blow to Al Qaeda and other terrorist groups. The international community and Pakistan in particular must work comprehensively to end the activities of all such groups who threaten civilized behaviour and kill innocent men, women and children."

ThyssenKrupp Metal Forming: Sale contract signed with Gestamp

On Friday, April 29, 2011, ThyssenKrupp and Gestamp Automoción S.L. signed the sale and purchase contract for the transfer of the Metal Forming Group. As next steps, the merger control authorities will have to grant their approval of the transaction, which is expected to happen during this summer. The supervisory boards of ThyssenKrupp AG and ThyssenKrupp Steel Europe AG will be asked for their approval of the transaction in their scheduled meetings in May.

Edwin Eichler, CEO of ThyssenKrupp Steel Europe AG, emphasised that with Gestamp, the best owner for the Metal Forming Group was found: "With this new partner, the Metal Forming group will develop both from a technological as well as from a business perspective and will be able to strengthen its important position in the market", Eichler said.

Francisco Riberas, chairman of Gestamp Automoción declared that: "With the take-over of the Metal Forming Group, we will significantly strengthen our market position in the chassis and body in white areas, which will also improve our position as global player. It perfectly fits our objective to provide innovative products to our customers to their sites all over the world".

The Metal Forming Group was no longer part of the core business of ThyssenKrupp Steel Europe. For this reason negotiations on the disposal were conducted with some buyers last year. An outstanding partner was identified in Gestamp Automoción. Gestamp is a major player in the automotive supply sector with more than 70 locations worldwide.

ThyssenKrupp Metal Forming has production plants for high-quality chassis and body components in Germany, France, the UK, Spain, Poland, Turkey and China. The group employs around 5,700 people and in the fiscal year ended September 30, 2010 generated sales of almost €1.1 billion and achieved an earnings turnaround.

With currently around 18.000 employees, Gestamp Automoción develops and produces metal components and structural parts for auto bodies. Active in 20 countries, it achieved sales of € 3,1 billion in 2010.

ACC - Cement Production and Despatches in April 2011

May 2, 2011

Our cement production and despatch figures for the month of April 2011 are
as follows:



April 2011
Cement production                                  2.05 million tonnes
Cement despatches                                 2.05 million tonnes
 


April 2010
Cement production                                  1.80 million tonnes
Cement despatches                                 1.79 million tonnes
 

Cumulative


January - April 2011

Cement production                                  8.28 million tonnes
Cement despatches                                 8.27 million tonnes


January – April 2010
Cement production                                  7.34 million tonnes
Cement despatches                                 7.34 million tonnes

Osama Killing Underlines that Terrorists of Different Organisations Find Sanctuary in Pakistan: P. Chidambaram

Union Home Minister P. Chidambaram has issued a statement on the killing of terrorist Osama Bin Laden as confirmed by the US President. Following is the text of his statement:

“Earlier today the United States Government informed the Government of India that Osama Bin Laden had been killed by security forces somewhere “deep inside Pakistan.” After the September 11, 2001 terror attack, the US had reason to seek Osama Bin Laden and bring him and his accomplices to justice.

We take note with grave concern that part of the statement in which President Obama said that the fire fight in which Osama Bin Laden was killed took place in Abbotabad “deep inside Pakistan”. This fact underlines our concern that terrorists belonging to different organisations find sanctuary in Pakistan. We believe that the perpetrators of the Mumbai terror attack, including the controllers and handlers of the terrorists who actually carried out the attack, continue to be sheltered in Pakistan. We once again call upon the Government of Pakistan to arrest the persons whose names have been handed over to the Interior Minister of Pakistan as well as provide voice samples of certain persons who are suspected to be among the controllers and handlers of the terrorists.”

ArcelorMittal announces publication of 2010 annual report of ArcelorMittal Finance

Luxembourg, 2 May 2011 - ArcelorMittal announces the publication of the annual report relating to financial year 2010 of ArcelorMittal Finance S.C.A., as required by the Luxembourg Transparency Law of 11 January 2008.

Kashima Steelworks’ Blast Furnaces Restores Normal Operation Status

Kashima Steelworks of Sumitomo Metal Industries, Ltd. (Sumitomo Metals) opened all the tuyeres* of its two blast furnaces on April 30, 2011 for the first time since they were struck by the Great East Japan Earthquake of March 11. The blast furnaces are now ready to operate normally with all forty tuyeres for each furnace open. Sumitomo Metals aims to increase pig iron output of the furnaces and achieve overall normal operation at Kashima by the end of May.

Opening of the tuyeres (No.1 Blast Furnace)

*Tuyere:

A tuyere is a nozzle through which hot air is blown into a blast furnace. The blast furnaces at Kashima Steelworks have forty tuyeres each.

Breaking News : Osama Bin Laden is Dead!

The President of the United States has confirmed that Osama Bin Laden is dead, killed in a shootout in Jalalabad Pakistan. What is significant is the fact that Bin Laden was brought down by US forces within Pakistan,  a section of which was vehemently opposing the presence of US ground troops on its soil.
Bin Laden's death comes a decade after the 9/11 attacks and is being hailed as a major victory in the war on terror.