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ArcelorMittal and Delaco Steel Corp to form joint venture

Wednesday, 09 June 2010 01:31:07 (GMT+3)   |  
       
According to a Tuesday press release, Delaco Steel Corp., a US-based steel part supplier of blanked and slit material to the automotive industry, has formed a joint venture  with ArcelorMittal Tailored Blanks Americas Corp., a subsidiary of Luxemberg-based steelmaker ArcelorMittal S.A., to operate two laser welding plants that will primarily serve the automotive industry.

The joint venture, a minority business enterprise, will be called Delaco AMTB.  ArcelorMittal Tailored Blanks Americas will own a 49 percent stake in Delaco AMTB, while Delaco will retain the remaining 51 percent stake.


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