July 2004
Rubber & Plastics News;7/12/2004, Vol. 33 Issue 25, p4
Trade Publication
The article discusses corporate mergers and acquisitions. International Steel Group Inc.(ISG) has bought the assets of Georgetown Steel Co.'s Georgetown, South Carolina plant, which manufactures wire rod used to make tire cord and other fine drawn products. ISG paid U.S. $18 million in cash and assumed liabilities for the assets. Georgetown Steel has been operating under U.S. Chapter 11 bankruptcy protection since October 2003 and the plant has been idle since then, ISG said. he Georgetown factory has an annual steel-making capacity of 1 million tons and rolling capacity of 800,000 tons, ISG said.


Related Articles

  • ISG Calls HBI Restart in Trinidad Successful.  // Metal Producing & Processing;Jan/Feb2005, Vol. 43 Issue 1, p18 

    This article reports that the International Steel Group Inc. (ISG) reported that the Trinidad HBI plant it bought in July 2004 started operating in November 2004 at about 50% of capacity. ISG, which is set to merge with the new Mittal Steel organization, has not detailed its purchase price for...

  • Steel is still king in northwest region. Maurer, Katie // Indianapolis Business Journal;6/6/2005, Vol. 23 Issue 13, p26B 

    Discusses the state of employment in the northwest Indiana steel industry as of June 2005. Merger between Dutch steel giant Mittal Steel Co. NV and Ohio-based International Steel Group Inc.; Significance of the continuing consolidation of the steel industry; State's economic goal.

  • ISG CLEARS FIELD WITH BETHLEHEM OFFER.  // Metal Producing & Processing;Jan/Feb2003, Vol. 41 Issue 1, p4 

    Reports on the International Steel Group Inc.'s (ISG) acquisition offer for the Bethlehem Steel Corp. Potential raw steel capacity of the combined companies; Terms under the ISG exclusive right to acquire Bethlehem; Labor agreement between the ISG and the United Steelworkers union.

  • Mittal deal with ISG gets shareholder okay.  // Wire Journal International;May2005, Vol. 38 Issue 5, p10 

    Reports on the approval of the shareholders in Mittal Steel Co. to the acquisition of U.S. International Steel Group Inc. in Rotterdam, Netherlands. Merger of the operations with the other assets of the firm; Increase in industrial production of steel; Establishment of Mittal as the world's...

  • ISG, Weirton Agree on $255-Million Takeover.  // Metal Producing & Processing;Mar/Apr2004, Vol. 42 Issue 2, p5 

    Reports on the acquisition of Weirton Steel Corp. by International Steel Group Inc. in the U.S. Approval of the agreement by the boards of both firms; Need for confirmation by the U.S. Bankruptcy Court; Application for creditor protection by Weirton Steel.

  • Mittal Steel / ISG Merger Completed.  // Metal Producing & Processing;May/Jun2005, Vol. 43 Issue 3, p4 

    Reports on the completion of merging between Mittal Steel Co. NV with International Steel Group Inc. in the U.S. Terms of the agreement; Financial disclosure; Personnel management.

  • Mulling the Mills' Maneuvers. Triplett, Tim // Metal Center News;Feb2003, Vol. 43 Issue 2, p10 

    Focuses on the impact of the proposed steel mill mergers on the steel industry of the United States, as of February 1, 2003. Offer of International Steel Group Inc. to buy assets of Bethlehem Steel Corp. for almost $1.5 billion; Effect of these proposed mergers on price volatility in the steel...

  • ISG set to acquire Weirton.  // Modern Metals;Mar2004, Vol. 60 Issue 3, p13 

    Reports on the plan of Cleveland, Ohio-based International Steel Group Inc. (ISG) to acquire Weirton Steel of Weirton, West Virginia. Effect of the acquisition on the capacity of ISG; Amount of the acquisition; Information on the negotiation for a labor contract between ISG and the Independent...

  • Bethlehem Steel board votes to sell.  // Industrial Maintenance & Plant Operation;Mar2003, Vol. 64 Issue 3, p6 

    Reports on the acquisition of the assets of the steel manufacturer Bethlehem Steel Corp. by International Steel Group Inc. in North America. Bankruptcy of Bethlehem; Benefits of the acquisition for International Steel Group.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics