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Bearings - 2008-04-14

Steel Production

ArcelorMittal and NSK sign long term partnership agreement

ArcelorMittal and NSK are very pleased to announce a new purchase agreement whereby NSK will perform as one of ArcelorMittal’s preferred bearing brands during the period 2007-2010.

This three-year agreement, based on an atmosphere of close co-operation, mutual trust and reliance offers all ArcelorMittal site locations a number of benefits including;

• Competitive and consistent value for money
• Outstanding local service and support
• Coordinated and effective management of processes for contract
   administration, opportunity identification and problem resolution
• Quick and efficient implementation
• Documented cost savings, year after year

ArcelorMittal is the world's number one steel company, with 320 000 employees in more than 60 countries.

ArcelorMittal is the leader in all major global markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks.

An industrial presence in 27 European, Asian, African and American countries exposes the company to all the key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.

The Global Purchasing’s policy within ArcelorMittal strives for sustainable Development and Excellence to meet their customers’ expectations, supported by a consistent set of corporate social responsibility policies and committed to set mutual respect and value creation for ArcelorMittal and its partners.

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