Mittal Steel USA Adopts Community Of Long Beach, Miss.
October 11 2005 - 12:07PM
PR Newswire (US)
Company Partners with Town Destroyed by Katrina CHICAGO, Oct. 11
/PRNewswire-FirstCall/ -- Mittal Steel USA, America's largest
steelmaker and a division of Mittal Steel Co., is focusing its
Katrina rebuilding efforts on the beachfront town of Long Beach,
Miss., which was devastated by the recent hurricane. As part of its
adoption, the company will work with individuals, churches,
communities, local companies and organizations in partnership with
Mississippi Gov. Haley Barbour and the mayor of Long Beach, Billy
Skellie, to rebuild the community. Mittal Steel USA has committed
to an ongoing contribution of materials, people and capital for the
long-term reconstruction project. During the first phase of Mittal
Steel's Long Beach effort, which is scheduled to begin immediately,
the company plans to install a team of engineers and logistics
specialists, along with their spouses, in the center of Long Beach.
This team will conduct a comprehensive assessment of the area, the
physical impact of Hurricane Katrina and the most urgent needs of
the community. To address those needs, the company will immediately
commit $1 million. In the second phase, the company will
participate in the actual rebuilding of Long Beach. The team will
oversee and direct the company's financial and operational
contributions to the rebuilding effort and serve as the link
between the resources of Mittal Steel USA and the community of Long
Beach. More information about the second phase and the company's
ongoing contribution to the community will be available at the end
of the first phase. "Mittal Steel USA wants to help rebuild this
community, not just replace its structures, through direct and
personal involvement," said Louis Schorsch, chief executive officer
of Mittal Steel USA. "We are sensitive to both the immediate and
the long-term needs of the people of Long Beach. As the largest
steel producer in the United States, we feel that it is our
responsibility to offer not only materials and cash, but expertise
and assistance to help them rebuild. By having highly skilled
Mittal Steel staff on the ground, we will be able to assist the
leadership and citizens of Long Beach personally, address ongoing
procurement and logistics needs, and ensure that resources are
deployed effectively and quickly. We have all been moved by this
tragedy, and we are committed to making a real difference." Mittal
Steel USA's rebuilding efforts in Long Beach are supported by the
United Steelworkers and the Independent Steelworkers Union, which
represent the company's production and maintenance employees in the
United States. "The effects of Hurricane Katrina on the people of
Louisiana, Mississippi and Alabama are heartbreaking, and it will
take years to rebuild the affected communities," said Lakshmi
Mittal, chief executive officer of Mittal Steel Company. "In the
aftermath of this disaster, these communities are left with
challenges that require innovative, long-term solutions and
substantial commitments of both time and resources. Few cities were
more devastated than Long Beach, and, to address its needs, we have
created a new model for corporate partnership. We encourage other
American companies to adopt Long Beach and other affected
communities along the Gulf Coast. Together with the people of Long
Beach, Governor Barbour and Mayor Skellie, we will make a tangible,
lasting difference in the community and link its residents to the
entire Mittal Steel family for years to come." With a history
dating back more than 150 years, Long Beach is a beachfront
community covering 10 square miles and is home to approximately
17,000 people. "On behalf of the town of Long Beach and the State
of Mississippi, we are deeply grateful to the people of Mittal
Steel USA for their support and offer to help rebuild Long Beach,"
said Governor Barbour. "Thanks to Mittal Steel and others, the
future is looking much brighter," said Mayor Skellie. "We look
forward to seeing them every day as we rebuild our homes,
businesses and our community. We are extremely grateful and humbled
by their generosity." About Mittal Steel USA Mittal Steel USA is
North America's largest steelmaker and serves a broad U.S.
manufacturing base. The company was formed in April 2005 and
consists of Ispat Inland Inc. and Mittal Steel USA ISG Inc.,
formerly International Steel Group. It has operations in 12 states
of the United States. About Mittal Steel Company Mittal Steel
Company N.V. (NYSE:MT)(AEX:MT) is the world's largest and most
global steel company. The company has operations in 14 countries,
on four continents. Mittal Steel encompasses all aspects of modern
steelmaking, to produce a comprehensive portfolio of both flat and
long steel products to meet a wide range of customer needs. It
serves all the major steel consuming sectors, including automotive,
appliance, machinery and construction. For 2004, Mittal Steel had
revenues of US$22.2 billion and steel shipments of 42.1 million
tons. The company trades on the New York Stock Exchange and the
Euronext Amsterdam under the ticker symbol "MT." For additional
information on Mittal Steel, please see http://www.mittalsteel.com/
. DATASOURCE: Mittal Steel USA CONTACT: David C. Allen of Mittal
Steel USA, +1-312-899-3692, or Gillian Angstadt of The Abernathy
MacGregor Group, +1-212-371-5999 Web site:
http://www.mittalsteel.com/
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