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| Author: | Sull, D. |
| Title: | Spinning Steel Into Gold: The case of Ispat International N.V. |
| Journal: | European Management Journal
1999 : VOL. 17:4, p. 368-381 |
| Index terms: | STEEL INDUSTRY GLOBALIZATION GROWTH DEVELOPMENT |
| Language: | eng |
| Abstract: | This case profiles Ispat International N.V. and its parent company the LMN Group, which grew from a single factory pro- ducing steel rod in Indonesia to the fourth largest steel producer in the world in less than a decade, propelling founder and chairman Lakshmi Mittal to the ranks of the world's richest people. The case describes Ispat's humble origins and rapid growth through a series of acquisitions of underperforming steel factories in Mexico, Canada, Trinidad, Germany, Ireland, Kazakhstan and the United States between 1992 and 1998. Founded by an indian, incorporated in The Ne- therlands, headquartered in London and selling steel in 80 countries around the world, Ispat was the first truly global steel company and the case provides some insights into how Ispat transformed the companies it acquired and co-ordinated its far-flung global empire. |
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