steel Pressreleases

GEECF: Spectrum Blue Steel to deploy Biospheres in the Philippines

Sat, 23 Aug 2008 06:25:13 GMT

Global Environmental Energy Corp., (Deutsche Borse:GLI.F OTCBB:GEECF www.geecf.ru –) confirmed today that its Philippine Licensee, Spectrum Blue Steel is planning to deploy 1,500 Biosphere Systems under their license.

In a press announcement in Manila on June 19th Ms Ruth Briones, Spectrum’s Chief Executive Officer explained that with a population of 88 million people in some 1700 cities and municipalities nationwide, Spectrum expects to install about 1,500 Biosphere facilities in the Philippines. The Spectrum Team is coordinating with the Union of Local Associations of the Philippines (ULAP) thru its President, Mayor Benjur Abalos in connection with the Project. ULAP is the umbrella organization of all governors, mayors and all officials over 1,700 towns and cities nationwide.

Spectrum is a domestic corporation duly registered under the laws of the Philippines and holds an exclusive license to the Biosphere Technology from Global.

Global is a fully integrated energy company whose interests include electrical power generation, oil and gas exploration and production, clean coal and waste management technologies.

This press release contains forward-looking information within the meaning of Section 27A of the Securities Act of the 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections.

Contact: Global +852 8125 4866 PO Box CB-13277 Nassau Bahamas www.geecf.ru

Severstal restates interest in acquiring Esmark Incorporated for $17.00 per share

Sat, 23 Aug 2008 06:25:13 GMT

OAO Severstal (LSE: SVST; RTS: CHMF; “Severstal”), one of the world's leading metals and mining companies, today sent the following letter to the Board of Directors of Esmark Incorporated (NSDQ: ESMK; “Esmark”) with respect to Severstal’s previously announced all cash $17 per share tender offer to acquire all of the outstanding shares of Esmark common stock.

* * * * *
June 19, 2008

Board of Directors
Esmark Incorporated
1134 Market Street
Wheeling, WV 26003
Attention: Mr. James Bouchard
Chairman and Chief Executive Officer
Dear Mr. Bouchard:
We would like to reiterate our continued strong interest in acquiring Esmark Incorporated pursuant to our previously announced tender offer for all outstanding shares of Esmark common stock. We also believe that Severstal is uniquely positioned to promptly consummate an acquisition of Esmark, given the full and enthusiastic support of our proposal by the United Steelworkers and your majority shareholder.
We understand that the arbitrator in the United Steelworkers’ right to bid grievance arbitration with Esmark may consider setting aside Esmark’s Memorandum of Agreement with Essar Steel Holdings Limited.
If the arbitrator sets aside the Memorandum of Agreement, Severstal is aware of and understands Esmark’s financing issues with respect to the loan agreements you entered into with Essar Steel and your other financing agreements. This is to confirm that we are prepared to immediately replace the Essar financing in a manner that satisfies Esmark’s obligations to all credit parties and does not jeopardize Esmark’s business.
We stand ready to conclude a transaction expeditiously.
We look forward to hearing from you.
Sincerely,

By /s/ Gregory Mason
Name: Gregory Mason
Title: Chief Operating Officer OAO SEVERSTAL

About Severstal:
OAO Severstal is an international metals and mining company with a listing on the Russian Trading System and the London Stock Exchange. Incorporated in 1993, the company focuses on high value added and unique niche products and has a successful track record of acquiring and integrating high-quality assets in North America and Europe. Severstal owns mining assets in Russia, thus securing its supplies of raw materials. In 2007, Severstal produced 17.5 million tons of steel. Revenues were $15.2 billion and EBITDA was $3.7 billion. EPS was $1.92.

Forward Looking Statements:

This press release may contain projections and other forward-looking statements regarding future events or the future financial performance of OAO Severstal (Severstal). Forward looking statements are identified by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might", the negative of such terms, or other similar expressions. Severstal wishes to caution you that these statements are only predictions and that actual events or results may differ materially. Severstal does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Factors that could cause the actual results to differ materially from those contained in projections or forward-looking statements of Severstal may include, among others, general economic conditions in the markets in which Severstal operates, the competitive environment in, and risks associated with operating in, such markets, market change in the steel and mining industries, as well as many other risks affecting Severstal and its operations.

Additional Information and Where to Find it

THIS PRESS RELEASE IS FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO PURCHASE OR A SOLICITATION OF AN OFFER FOR ESMARK’S COMMON STOCK. THE TENDER OFFER IS BEING MADE PURSUANT TO A TENDER OFFER STATEMENT ON SCHEDULE TO (INCLUDING THE OFFER TO PURCHASE, LETTER OF TRANSMITTAL AND OTHER RELATED TENDER OFFER MATERIALS) FILED BY SEVERSTAL WITH THE SECURITIES AND EXCHANGE COMMISSION (SEC) ON MAY 30, 2008, AS AMENDED. THESE MATERIALS, AS THEY MAY BE AMENDED FROM TIME TO TIME, CONTAIN IMPORTANT INFORMATION, INCLUDING THE TERMS AND CONDITIONS OF THE OFFER, THAT SHOULD BE READ CAREFULLY BEFORE ANY DECISION IS MADE WITH RESPECT TO THE TENDER OFFER. INVESTORS AND STOCKHOLDERS CAN OBTAIN A FREE COPY OF THESE MATERIALS AND OTHER DOCUMENTS FILED BY SEVERSTAL WITH THE SEC AT THE WEBSITE MAINTAINED BY THE SEC AT WWW.SEC.GOV. THE TENDER OFFER MATERIALS MAY ALSO BE OBTAINED FOR FREE BY CONTACTING THE INFORMATION AGENT FOR THE TENDER OFFER, MACKENZIE PARTNERS, INC. (800) 322-2885 (TOLL-FREE) OR (212) 929-5500 (COLLECT).

For further information:
Severstal
Dmitry Druzhinin, Investor Relations
Olga Antonova, Public Relations
+7 495 540 7766

Taylor Rafferty
Michael Henson
+1 212 889 4350 (o)
+1 917 902 0767 (m)
John Dudzinsky
+1 212 889 4350 (o)
+1 646 715 2980 (m)

ASSA ABLOY will acquire BJTM, one of China's leading high-security fire-rated steel door companies

Sat, 23 Aug 2008 06:25:13 GMT

ASSA ABLOY has signed an agreement to acquire Beijing Tianming's (BJTM) high-security door business. BJTM is one of China's leading companies in sales and manufacturing of high-security fire-rated steel doors on the Chinese market.

BJTM has shown a very good growth over the last years and is projected to reach a turnover of approximately SEK 100 M in 2008. The is based close to Beijing and employs some 400 people.

"After the acquisitions of Baodean and Irevo last year, I'm very pleased to announce a new strategic acquisition reinforcing our position as the clear leader in door opening solutions in China. This been achieved through a healthy combination of acquisitive and organic growth", said Johan Molin, President
and CEO of the ASSA ABLOY Group.

"BJTM is an excellent compliment in China, making us an ideal partner building developers and specifiers. With the increased enforcement fire and safety regulations, we expect to see continued good growth", commented Martin Brandt, Executive Vice President ASSA ABLOY Head of Division Asia Pacific.

The acquisition is subject to regulatory approvals. The acquisition expected to be EPS positive in 2008 and to close during the second 2008.

For more information, please contact:

Johan Molin, President and CEO, tel no: +46 8 506 485 42

Tomas Eliasson, CFO and Executive Vice President, tel no: +46 8 506 72

Platinum Equity Signs Agreement to Sell PNA Group

Sat, 23 Aug 2008 06:25:13 GMT

Platinum Equity announced today that it has signed a definitive agreement to sell PNA Group, a leading processor and distributor of steel products, to Reliance Steel & Aluminum Co. (NYSE:RS) in a transaction valued at approximately $1.1 billion.

The transaction is expected to be finalized within the next 60 days, subject to normal closing conditions including regulatory approval.

Platinum acquired PNA Group in May, 2006 and created substantial value in the business through a combination of operational initiatives and add-on acquisitions. PNA’s revenue in 2007 was approximately $1.6 billion, up from approximately $1.2 billion in annual revenue when Platinum acquired the business.
“We knew the business had enormous potential when we acquired it, and we were convinced that with strong leadership and the right operational focus, we could turn a good company into a great one,” said Tom Gores, Chairman and CEO of Platinum Equity. “We were fortunate to get Sandy [Nelson, CEO of PNA] to join us in this investment, and he and the entire PNA team helped us deliver on that promise. We look forward to Reliance Steel & Aluminum’s continued success with the business.”

PNA Group processes steel and distributes it to fabricators, manufacturers and distributors, primarily in the United States. The company comprises several independent business units, each of which process and distribute to customers a variety of metal products including steel structural beams, channels, tubes and plates; coiled and rolled steel; and other structural steel products.

Reliance Steel & Aluminum, based in Los Angeles, said the acquisition of PNA Group would complement its existing business and enhance its customer offerings.

Platinum Equity executives said that while the firm does not disclose individual investment returns, the PNA Group investment has been very successful for Platinum and its institutional investors.

“PNA has been a terrific investment for us from a return standpoint,” said Jacob Kotzubei, the partner who led the PNA investment. “It’s also proven to be a great example of our approach in identifying companies that need operational support to reach their full potential, and then unlocking value through a combination of both operational initiatives, add-on acquisitions and strong partnership with the management team.”

Following the acquisition of PNA in May 2006, Platinum completed three add-on acquisitions that bolstered and expanded the company’s capabilities, acquiring Metals Supply Co., Precision Flamecutting and Steel, and Sugar Steel. Each of those acquisitions complemented operational initiatives underway inside the main PNA platform, Mr. Kotzubei said.

PNA Group and its add-on acquisitions are among several successful industrial and metals services acquisitions Platinum Equity has made over the past three years, including: In December 2005 the firm acquired ESM Group, which provides a variety of products and services to the steel industry, including desulphurization and secondary metallurgy services, caster segment maintenance, equipment design and manufacture. The seller was Degussa AG, a global specialty chemicals manufacturer based in Germany. After reorganizing the business and establishing it as a strong standalone company, Platinum sold ESM Group to a strategic acquirer, SKW Metallurgie, in October 2007.

In October 2007 the firm acquired Ryerson Inc., one of the largest metals service center providers in North America with revenue of approximately $6 billion. The Ryerson business is currently involved in the normal post-acquisition operational transition into the Platinum Equity portfolio.

Legal advisers to Platinum Equity on the sale of PNA Group to Reliance Steel & Aluminum were James W. Loss and Todd Hentges of Bingham McCutchen. Financial advisers to Platinum Equity were Citi, Goldman Sachs & Co. and UBS Investment Bank.

About Platinum Equity

Platinum Equity (www.platinumequity.com) is a global M&A&O® firm specializing in the merger, acquisition and operation of companies that provide services and solutions to customers in a broad range of business markets, including information technology, telecommunications, logistics, metals services, manufacturing and distribution. Since its founding in 1995 by entrepreneur Tom Gores, Platinum Equity has acquired more than 80 businesses with more than $24 billion in aggregate revenue at time of acquisition

Timken Receives $3.8 Million Contract From Masteel in China

Sat, 23 Aug 2008 06:25:13 GMT

The Timken Company (NYSE: TKR) announced today that it secured a $3.8 million contract for bearings from Masteel, one of the largest iron and steel producers in China.

The order is for large-bore Timken™ tapered and spherical roller bearings for application in the rougher and finisher of Masteel’s hot-strip rolling mill. Masteel awarded this contract to Timken based on its previous experience using Timken tapered roller bearings in a separate application.

Timken supplies a broad range of friction-management and power-transmission solutions, including tapered, spherical, cylindrical and needle bearings for industrial applications.

About The Timken Company

The Timken Company (NYSE: TKR, http://www.timken.com) keeps the world turning, with innovative friction management and power transmission products and services, enabling our customers to perform faster and more efficiently. With sales of $5.2 billion in 2007, operations in 27 countries and approximately 25,000 employees, Timken is Where You Turn™ for better performance.

Contact

The Timken Company
Media Contact:
Jeff Dafler, 330-471-3514
Manager – Global Media & Government Relations
Facsimile: 330-471-7032
jeff.dafler@timken.com

ArcelorMittal's stake in Erdemir now 24.989%

Sat, 23 Aug 2008 06:25:13 GMT

ArcelorMittal announces that following purchases of 11.31% on June 13 it now owns 24.989% of the Turkish steel company Erdemir.

The shares were acquired in transactions with Société Générale, Nextgen Capital Limited and Credit Suisse International.

The acquisition price was YTL 8.4 (US$ 6.69) per share. The value of the acquired stake is US$ 869.25 Million.

Sudhir Maheshwari, Senior Executive Vice President of ArcelorMittal and a member of the company’s Group Management Board, said: "We are pleased to be making this strategic investment in Erdemir, which we see as a very attractive company in a rapidly growing economy with excellent prospects for further growth.”

For further information:
ArcelorMittal:
Haroon Hassan +44 20 3214 2867
Jean Lasar +352 4792 2359
GCI
Deniz Tozak + 90 532 613 7796
Maitland
Martin Leeburn +44 20 7379 5151

About ArcelorMittal

ArcelorMittal is the world's largest and most global steel company, with 310,000 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 28 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.
ArcelorMittal key financials for 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 million tonnes, representing around 10 per cent of world steel output.

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris ( MTP), Brussels (MTBL), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

Evraz Completes Acquisition of IPSCO Canada

Sat, 23 Aug 2008 06:25:13 GMT

Evraz Group S.A.(LSE: EVR) (“Evraz”) today announced that it has completed its acquisition of IPSCO’s Canadian plate and pipe business (“IPSCO Canada”).

Evraz announced the acquisition of the IPSCO Tubulars business from SSAB in March 2008. After a back-to-back transaction with OAO TMK (“TMK”) that consisted of an on-sale of the acquired IPSCO’s US businesses to TMK for US$1.25 billion, the total cash consideration paid by Evraz for the assets amounted approximately to US$2.9 billion. The original amount was adjusted to include the acquisition of a cut-to length facility in Surrey, BC, as well as certain IPSCO Canada working capital adjustment.

In addition, Evraz expects to sell the remaining acquired US businesses of IPSCO Tubulars to TMK for approximately US$0.5 billion in 2009. As a result of these transactions, the net cost of the acquisition for Evraz will make up US$2.4 billion.

Former IPSCO’s Canadian assets, including the Regina Steel mill as well as plate and pipe production capacities in Regina, Calgary and Red Deer, are now part of Evraz’s North American operations.

The transaction was financed in part out of the proceeds of the recent Eurobond issue.

###

For further information:

Evraz Group
Corporate Affairs and Investor Relations
Alexey Ivanov
Tel: +7 495 232 1370
IR@evraz.com

CORRECTING and REPLACING American PolySteel Joins ARXX, Boosting Its Insulated Concrete Form Offerings to Commercial and Residential Green Builders

Sat, 23 Aug 2008 06:25:13 GMT

AMERICAN POLYSTEEL JOINS ARXX, BOOSTING ITS INSULATED CONCRETE FORM OFFERINGS TO COMMERCIAL AND RESIDENTIAL GREEN BUILDERS

ARXX® Corporation, a leading provider of green building envelope solutions, announced today its merger with American PolySteel®, LLC.

With the addition of PolySteel, ARXX will be able to expand into new markets and provide an even greater range of high-quality insulating concrete form (ICF) solutions to the residential, commercial and institutional segments.

“PolySteel has a very strong brand and distribution network, and is an extremely well-respected company in the industry,” said Frank O’Dea, President and CEO of ARXX Corporation. “It also shares the same goal of providing sustainable building solutions globally. We are extremely happy to have PolySteel become part of ARXX, its ICF products and solutions complement what is currently being offered by ARXX, so this outcome was a very logical step for the two companies.”

“After celebrating 30 years of leadership in the ICF industry, we are pleased to be joining the ARXX organization,” comments Patrick Murphy, President of American PolySteel, LLC. “Our focus has been on “Building A Better World” and we feel that ARXX has the vision and infrastructure to help make this a reality. Our distributors are very excited about this opportunity and are looking forward to working with the ARXX team to help them grow their business.”

Located in Albuquerque, New Mexico, American PolySteel has been manufacturing insulating concrete forms since 1978. A national network of independent distributors and a growing family of international licensees offers architects, designers, engineers, builders and homeowners with a complete line of ICF products and a comprehensive system of service and support around the world.

About ARXX Corporation

ARXX® Corporation is a provider of green building envelope solutions that includes tested and certified Insulating Concrete Forms (ICF) for building walls and foundations. ARXX currently offers a wide-range of ICF systems including ARXX® forms, PolySteel® forms and APEX™ recycled block, as well as scaffold and alignment systems, waterproofing membranes and accessories. ARXX products are used in commercial, residential and institutional construction applications to make high-performance, sustainable buildings that are safe, healthy, comfortable and energy efficient. For more information visit www.arxxbuild.com.

Steel Manufacturer Molla Selects i2 to Improve Capacity and Production Planning Capabilities

Sat, 23 Aug 2008 06:25:13 GMT

i2 Technologies, Inc. (NASDAQ: ITWO) announced today that Molla S.r.l., a manufacturer of specialist steel forgings, has selected i2 Total Factory Management solutions to enhance its factory management capabilities. The company plans to leverage the i2 offering to improve delivery performance as well as to perform real time due date quoting. Molla collaborated with i2 partner RoGes Infotech S.r.l. during the solution selection process and is leveraging the company’s services for the implementation phase.
The i2 Total Factory Management solutions are designed to enable companies to quickly react and synchronize factory production plans and schedules to meet business challenges. The factory planning solution can simultaneously manage material and capacity constraints to develop feasible operating plans to meet customer delivery requirements and business objectives.

“Because of the high demand for our products, we are looking to improve our planning and scheduling to provide superior customer services. We looked at all relevant solutions in the market and after a very thorough selection process, we decided to work with i2 based on the solution’s richness of functionality, proven customer references and their ability to work with an existing local partner,” said Giuseppe Molla, production manager of Molla S.r.l.

“Businesses are operating under increasingly tighter margins and our customer base is looking to our expertise to take them to the next level of supply chain efficiency. With added efficiency across factory operations, we can enable customers like Molla to increase customer satisfaction while decreasing production waste,” said Kelly Thomas, i2 senior vice president, Manufacturing Industry sector.

About Molla S.r.l.

Molla S.r.l. was founded in 1942 and began as a forge shop that specialized in hot press-forgings of small parts. At the end of the 60’s Molla S.r.l. started producing hot rolled rings, and from the middle 70’s focused its attention on the production of hot rolled rings, both cylindrical and bevel gears, in various types of carbon and alloy steel. The company serves heavy industries with their steel products and end consumers with their building components. The company is located in Italy with 160 employees. Learn more at www.mollasrl.it

About RoGes INFOTECH S.r.l.

RoGes INFOTECH S.r.l. was founded in 2005 with the mission to offer consulting services in the areas of planning (factory, supply, demand), fulfillment, inventory management, part management and part reuse, sourcing and procurement.RoGes INFOTECH S.r.l. is cooperating with i2 in several implementations, ranging from supplier relationship management and supply chain management.
Learn more at www.rogesinfotech.com

About i2

Throughout its 20-year history of innovation and value delivery, i2 has dedicated itself to building successful customer partnerships. As a full-service supply chain company, i2 is uniquely positioned to help its clients achieve world-class business results through a combination of consulting, technology, and managed services. i2 solutions are pervasive in a wide cross-section of industries; 20 of the AMR Research Top 25 Global Supply Chains belong to i2 customers. Learn more at www.i2.com.

i2 is a registered trademark of i2 Technologies US, Inc. and i2 Technologies, Inc.

i2 Cautionary Language

This press release may contain forward-looking statements that involve risks and uncertainties, including forward-looking statements regarding i2’s solutions, a customer's ability to implement or integrate those solutions successfully and in a timely fashion, receive expected functionality and performance, or achieve benefits attributable to i2 solutions. These forward-looking statements involve risks and uncertainties that may cause actual results to differ from those projected. For a discussion of factors which could impact actual results to differ materially from those in forward-looking statements, please refer to i2's recent filings with the SEC, particularly the Quarterly Report on Form 10-Q filed May 12, 2008 and the Annual Report on Form 10-K filed March 17, 2008.

Essar Steel increases offer for Esmark Inc to USD 19 per share

Sat, 23 Aug 2008 06:25:13 GMT

Essar Steel Holdings Limited (Essar) yesterday informed the Esmark Board of Directors of its intention to increase its all-cash offer to purchase the outstanding shares of Esmark to USD 19 per share. Essar Steel is a part of the multi-billion dollar Essar Global Limited (EGL). EGL is a diversified business conglomerate operating in the sectors of Steel, Energy, Power, Shipping & Logistics, Telecommunications, Mining & Minerals, and Construction.

Previously, on April 30, 2008, Essar entered into a memorandum of agreement with Esmark to acquire all the outstanding shares of Esmark for a cash purchase price of USD 17 per share. In connection with entering into the memorandum of agreement, Essar also extended a USD 110 million loan to Esmark, which helped the company address a potential default.

Essar has previously informed Esmark that it is prepared to recognize the United Steelworkers, assume the Basic Labor Agreement and negotiate a new collective bargaining agreement on an expedited basis. In setting forth its plans for Esmark, Essar has also proposed a capital expenditure program of USD 525 million for Esmark’s Ohio and West Virginia manufacturing facilities over the next five years.

In its letter dated June 10, 2008, Essar urged the Esmark Board to take all reasonable actions to create a level playing field among the bidders and to allow shareholders to receive maximum value for their shares.

Along with its acquisitions of the 4 MTPA Algoma Steel Plant in Canada, and Minnesota Steel in the U.S. which controls vast iron ore reserves, the Esmark acquisition will help Essar unleash greater synergies across its facilities in the Americas. Equally important, the acquisition will provide real benefits to Esmark workers, their families, and to the communities where they live and work. Integrating Esmark into Essar’s North American facilities will ensure security of supply of raw materials, and along with Essar’s proposed capital expenditure in Esmark’s Ohio and West Virginia plants, will produce higher production volumes and diversified and higher quality product. All this, in Essar’s assessment, will make Esmark a stronger organization with attendant benefits to its workforce, retirees as well as to the local economies of Ohio and West Virginia.

About Essar Global

Essar Global Limited (EGL) is a diversified corporate group with businesses in the manufacturing and services sectors of Steel, Energy, Power, Telecommunications, Shipping, Ports & Logistics, Mining & Mineral Resources, and Construction. EGL has a firm value of approximately USD 50 billion and employs 38,000 people worldwide. More than 15 percent of Essar’s workforce is in the Americas.
Privately owned and professionally managed, EGL has an excellent track record, having succeeded in the capital intensive and competitive manufacturing sectors. Better focus through integration, incorporation of state-of-the-art technology and innovative in-house research has made Essar Global a leading player in each of its businesses.

About Esmark Incorporated

Esmark Incorporated is a vertically integrated steel producer and distributor, combining steel production capabilities through both blast furnace and electric arc furnace technologies with the just-in-time delivery of value-added steel products to a broad customer base concentrated in the Ohio Valley and Midwest regions.

For more information, contact:
Madhu Vuppuluri, President, Essar-Americas, at +1 212 758 5520
Keith Dorman, Burson Marsteller, +1 412 874 0502
Manish Kedia, Sr. Vice President, Essar, India at +91 98197 30092
B Ganesh Pai, General Manager, Essar, India at +91 98197 30225
William Clutterbuck, Maitland, UK: +44 207 379 5151

NOTE TO EDITORS
Essar Steel is a global producer of steel operating out of India, North America, the Middle East and Asia. It is a fully integrated flat carbon steel manufacturer - from iron ore to ready-to-market products. It has a current capacity of 8.5 million tons. With Essar’s expansion in India, Asia and North America, capacity is expected to rise to about 20 million tons by 2012. Essar successfully acquired Algoma Steel in Sault Ste Marie, Canada, in 2007, where following a capital expenditure program and incorporating improved work processes, it has increased production from 2.5 MTPA to 3.4 MTPA in just 10 months.

Essar Energy operates a fully integrated oil company of international size and scale in India. Its assets include development rights in proven oil & gas blocks, a 12 million tons per annum refinery, currently being expanded to 34 million tons per annum, and over 1,500 fuel stations across India. Plans are under way to increase exploration acreage, further acquire / build oil refineries internationally, and open a total of 5,000 fuel stations.

Essar Power operates five power generation plants with a capacity of 1,200 megawatts. Its portfolio includes gas and coal fired plants and renewable energy sources. Essar is currently increasing its generation capacity to 6000 MW of coal and gas fuelled plants, with an investment of approximately USD 5 billion. It also plans to enter the power transmission and distribution markets.

Essar Telecommunications is the single largest investor (with a 33% interest) in Vodafone-Essar, a joint venture with Vodafone Group and one of India’s largest cellular service providers, with 46 million subscribers, currently adding 2 million subscribers every month. Essar owns ‘The MobileStore’, India's largest national retail chain of mobile phone stores. Essar has a major presence in the telecom infrastructure space with one of the largest investments in tower companies. Essar operates India’s 4th largest business process outsourcing business operating under the Aegis brand, with 20 centers spread across USA and India staffed by over 20,000 employees.

Essar Ports, Shipping & Logistics is a comprehensive, end-to-end player in maritime transportation, ports and terminals, logistics, contract drilling and allied services. It is a global shipping and logistics provider with sea and surface transportation services, oilfield drilling services, dry and liquid terminals, tankage and associated pipelines.

Essar Projects is a global engineering procurement and construction company based in Dubai with offices in India and China. The Essar Engineering Center specialises in detailed engineering and design for large projects. Global Supplies specialises in procurement. Construction executes projects for industrial plants, civil & irrigation projects, pipe laying – both offshore and onshore, marine construction and highways and expressways. Heavy Engineering Services manufactures pressure vessels, reactors, vacuum vessels and cranes. Essar Constructions undertakes projects on a turnkey basis, with a pipeline division certified at ISO 9001.

Essar Mining & Minerals owns iron ore and coal mines in India and overseas. It has acquired the U.S. based Minnesota Steel that has iron ore reserves of approximately 1.5 billion tons.