ArcelorMittal as a prime model of quality within the industry, ranking 74th on the Fortune Global 200 and 130th on Forbes' Global 2000
From Local to Global: BID Award Recipient ArcelorMittal Leads by Example
The largest steel producer in the world continues to expand operations worldwide while minimizing its environmental impact
Arcelor Mittal Point Lisas Limited won the ISAQ Award in Geneva in the presence of business leaders and representatives from 48 countries. At the International Star Award for Quality, Bernard Paniagua of Arcelor Mittal Point Lisas Limited proudly received the distinction symbolizing quality and innovation from the President and CEO of Business Initiative Directions, Jose E. Prieto
As international demand for industrial raw materials surges, especially in emerging countries such as China, ArcelorMittal S.A., the largest steel producing company in the world, is investing $2.1 billion USD to expand its iron ore mining operations and processing facilities in Quebec, Canada. This investment will allow the company to increase its annual production of iron ore concentrate by 71% and iron ore pellets by 100%. The project will create 8,000 jobs during construction and more than 900 permanent jobs once completed, adding to the 261,000 people already employed by ArcelorMittal
The company has steelmaking operations in 20 countries on four continents, producing 6% of the world's steel output. In 2011, ArcelorMittal had sales of $94 billion USD, representing an increase of 20% from sales of 78 billion USD from the year prior.
In addition to its financial success ArcelorMittal
is committed to minimizing its environmental impact. Capital expenditure on energy and environmental projects has increased by 32% since 2008 and more than 95% of steel industrial operations are now certified to the ISO 14001 environmental management system standard. The Dow Jones Sustainability Indexes acknowledged these efforts by including ArcelorMittal in the prestigious World Index of the leading sustainability-driven companies for the second consecutive year alongside other BID winners such as Alcoa.
Due to its exemplary performance, leadership, and values, ArcelorMittal
has been distinguished as an Industry and Strategic Partner by the World Economic Forum, an honor shared by fellow BID
Â winners including Kaspersky, CH2MHILL, Reliance, Tata, Walmart, and Alcoa, among others. These companies have been chosen based on their involvement in the Forum's mission at the industry level as well as their alignment with the Forum's commitment to improving the state of the world.
The firm has also contributed to the art community at large with the construction of the ArcelorMittal Orbit in London which will be Britain's monument for the 2012 Olympic Games. The 28.8 million USD steel sculpture is the country's largest piece of public art towering 115 meters.
Lakshmi Mittal, Chairman of ArcelorMittal,
is the richest man in the United Kingdom, India, Asia, is second in Europe, and is presently the 21th richest individual in the world with a personal net worth of 20.7 billion USD. He is the 47th "most powerful person" of the 70 individuals named in Forbes' Most Powerful People list.
In recognition of Lakshmi Mittal's consistent pursuit of quality, excellence, and innovation in his business endeavors, BID presented ArcelorMittal with multiple awards as an iconic industry leader.
BID was founded in 1986 by Jose E. Prieto, the creator of the QC100 TQM (Total Quality Management)
. The QC100 TQM
model is the result of many years of dedicated professionals including engineers, physicists, mathematicians, economists, sociologists and journalists , and specialists in business management, working toward defining the philosophy and the modern concept of quality
. The proposed award candidates are assessed on the seven criteria that contribute to quality marketing success: Excellence, Innovation, Customer Satisfaction, Technology, Leadership, Strategic Planning, and Business Results. The BID Award and QC100 TQM
enable business people to consolidate and strengthen their position as a global company.