ArcelorMittal (“the Company”) announces today that AMNS Luxembourg Holding SA, the parent company of AM/NS India, the joint venture steel company incorporated with Nippon Steel Corporation in India and owned 60% and 40% respectively, has entered into a US$5 billion (USD) loan agreement (the “JBIC Co-financing Loan”) with Japan Bank for International Cooperation (“JBIC”), MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, Limited, Mizuho Bank, Ltd., Mizuho Bank Europe N.V.
The resources obtained through said co-financing loan by JBIC will be used to finance the expansion of the annual steel production capacity of the AM/NS India plant in Hazira, which will go from 9 million tons to 15 million tons. In addition to the production capacity expansion of the head-end facilities, the project includes the development of rolling and finishing facilities that will boost AM/NS India’s ability to produce high value-added steel products for various sectors including, but not limited to, others, those of defense, automobile and infrastructures. The expansion project, which began in October last year after obtaining the corresponding environmental authorizations, will mean the creation of more than 60,000 jobs.
This document is a translation into Spanish, for guidance purposes only, of the original press release in English and published on the Company’s website. http://corporate.arcelormittal.com/. In case of discrepancy between both documents, the original text in English will prevail.
