...Krakatau Steel (B) Syndicate 10 Benediktus Duan Putra (29114445) Frans J Purba (29114590) Ramara Arief K (29114452) Shinta M Hutasoit (29114419) MASTER OF BUSINESS ADMINISTRATION SCHOOL OF BUSINESS AND MANAGEMENT INSTITUT TEKNOLOGI BANDUNG 2015 I. Objectives Currently Krakatau Steel has been claimed as the biggest steel company in Indonesia. Even all Indonesia citizens presume Krakatau Steel as one of the valuable asset of Indonesia. However being the biggest local steel company is not enough. Going global is another step that Krakatau Steel must take. Having corporation with POSCO, the biggest steel company in South Korea to make a joint venture which required 388 hectares land, has shown that Krakatau Steel is ready to go to the next level. Therefore Anto, a finance analyst in PT. Krakatau Steel, would like to see the position and the opportunity of PT. Krakatau Steel to compete with other global steel company. Anto will use three reputable global steel companies which come from different region in the world. This assessment will also be used as a mean to find an appropriate company as a benchmark. II. Analysis To asses PT. Krakatau Steel’s position and opportunity in global competence, we use two local companies, PT Gunawan Dianjaya Steel and PT Jaya Pari Steel, and three global steel companies from different region in the world, which are Arcelor Mittal (Luxembourg), POSCO (Pohang Iron and steel Company, South Korea), and U.S. Steel (United...
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...How Lakshmi Mittal Created Arcelor Mittal Steel and became a Billionaire The story of Lakshmi Mittal is such an inspiring story. Though he didn’t make our list of school drop out billionaires; he’s been nicknamed “Carnegie of Calcutta” after the 19th-century American drop out railroad tycoon; Andrew Carnegie. His story is that of a man, who rose from nothingness to join the coveted Forbes list of world’s richest top ten billionaires. He achieved this feat by creating ArcelorMittal; the biggest steel company in the world, worth over £100bn. Let me also bring to your notice that this Indian-born steel tycoon is the wealthiest man in Britain, with an estimated fortune of £30bn. He is also well connected to rich and powerful men such as Nicolas Sarkozy, Bernie Ecclestone, Tony Blair and Bill Clinton. Lakshmi Mittal was born in 1950 in a small town in India called Sadulpur, in Rajasthan. Being the eldest of five children, his parents decided to name him Lakshmi after the Hindu goddess of wealth. At the age of six, his family moved to Calcutta, where his father gained employment in a small British steel company. This gave the family the brevity to set up their own business, but it turned out to be quite challenging and tough. While his father worked night and day to build their new business, Lakshmi Mittal, who happens to be a shy and introverted teenager graduated from a Jesuit college, St Xavier’s. Mittal surprised everyone, including his parents by receiving excellent grades...
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...multinational steel manufacturing corporation headquartered in Avenue,Luxembourg.It was formed in 2006 from the takeover and merger of Arcelor by Mittal Steel.ArcelorMittal is the world's largest steel producer,with an annual crude steel production of 97.2 million tones as of 2011.It is ranked 70th in the 2012 Fortune Global 500 ranking of the world's biggest corporations. ArcelorMittal was created by the takeover of Western European steel maker Arcelor by India-based multinational steel maker Mittal Steel in 2006, at a cost of €40.37 per share, approximately $33 billion total.Mittal Steel launched a hostile takeover bid which replaced a previous planned merged between Arcelor and Severstal, which had lacked sufficient shareholder approval. The resulting merged business was named ArcelorMittal and headquartered in Luxembourg.The resulting firm produced approximately 10% of the world's steel, and was by far the world's largest steel company.Total revenues in 2007 were $105 billion.In October 2008, the market capitalization of ArcelorMittal was over $30 billion. On 30 June 2010, the European Commission fined 17 steel producers a total of €518 million for running a price-fixing cartel, with ArcelorMittal being fined over €270 million.In 2012 the company had $22 billion of debt.As of 2012, due to overcapacity and reduced demand in Europe it had idled 9 of 25 blast furnaces.In October 2012 it permanently shut down two blast furnaces at Florange,France.On October,31,2012,the company reported...
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... |13 | |COMPARISON OF MERGERS IN INDIA AND CHINA |16 | |ARCELLOR MITTAL DEAL |17 | |DAIMLER CHRYSLER DEAL |19 | |REFERNCE |22 | ABSTRACT Mergers and acquisitions are on the rise today. It is used as a strategy for diversifying risk by some companies, and to combat competition or gain market share and the like by the others. In this paper, an insight has been given...
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...themselves. In order to properly market themselves, a potential candidate has to know the resources in which to present themselves as good employee material. It is always a good idea to have a plan in place of the places that employment is desired. Then research those companies and determine what the best way to present a resume is. It is always a good idea to research the companies to begin with in order to come to a good determination as to whether or not this company is one that is good to work for. There are four businesses that I researched and have submitted my resume and applications. I will discuss which companies I chose, why I chose them and the steps that I took in order to present myself to their HR Departments. I have been doing this for the past 3 years, so I have some good references and a little bit knowledge as to how some of these companies perform their hiring process. The first company that I researched and chose to apply with is Ford Motor Company. Ford Motor Company is an organization that I chose because the pay and benefits are great and if you can get through the probation period, it can be a very good job. I looked them up online and found that Ford Motor Company is always hiring however you have to know exactly what positions are open that fit your qualifications in the area in which you want to work. The online application is very long and tiresome and it is often times overlooked. From my experiences, it is better if you actually...
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...Correct What was the purpose of the Chinese Exclusion Act of 1882? c. To limit and decrease the number of Chinese immigrants to the United States. Correct Which two factors helped stimulate the land rush in the trans-Mississippi West? c. The Homestead Act of 1862 and he building of the transcontinental from the Mississippi River to the California coast. Correct What did the Homestead Act of 1862 promise to people who settled in the trans Mississippi West? b. 160 acres of free land to anyone who settled in the trans Mississippi West and stayed for five years. Correct What did the federal government do to encourage railroad construction in the decades after the Civil War? a. They gave away huge tracts of land to railroad companies to encourage railroad construction. Correct...
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...COMPANIES TO ADMIRE: success story of L.N.Mittal “Raise yourself so high that one day god himself asks you “what else do you want?” “ Many of you reading this would want to start-up a venture of your own and some of you already have established enterprises. I want to ask you a question “is only the idea and the execution enough?” I believe it isn’t, because becoming an entrepreneur isn’t a one day task. It takes years of toil, in fact I believe it isn’t your usual 9-5 job and so each day is a different journey. What really binds all of us, established and aspiring entrepreneurs are “idols”. And this brings me to one of those businessmen who have been so many people’s idol MR.LAXMI NIWAS MITTAL, from his firm to his personality, to his success story, everything about him is inspiring. Most of us know Mr. Mittal as “Biggest steel maker of the world” as he happens to be the largest steel producer of the world. The story of how Mittal rose from relative obscurity to become a modern day Andrew Carnegie is relatively well known. He was born in Sadulpur, Rajasthan. His father's business Ispat India has weathered many storms in the last decade. At the tender age of 26 Lakshmi Mittal was despatched to Indonesia to oversee the family's mill now called Ispat Indo. Lakshmi Mittal parted ways with his father's in 1995. In the late '80s, Mittal moved into acquisition mode and bought mills in places like Trinidad and followed that up in Canada. The greatest coup was when he snapped up...
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...The 'Gospel of Wealth' is an article written by Andrew Carnegie in 1889. Carnegie discussed and stated that wealthy men such as himself were responsible to use their wealth for the greater good of society. Andrew Carnegie (1835-1919), Scottish-born was an American industrialist who gained a huge fortune in the steel industry then became a major philanthropist. Carnegie worked in a cotton factory in Pittsburgh as a boy. As he grew up in the industry, he ended up becoming superintendent of the Railroad in Pennsylvania, 1859. Originally named “Wealth” and published in the North American Review in June 1889, Andrew Carnegie's article “The Gospel of Wealth” is considered a foundational document in the field of philanthropy. The main point Carnegie...
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...|To |Plant Manager | | |Materials Handling | |Company |Mittal Steel | | | | | | | |From |Expeditor | | |Rail Transport | |Date |30 October 2012 | |Pages |1 of 2 | Information flow between ROC personnel and Outside Planners on wagon/plant status. 1. Current situation Inside Planners (ROC) Planners receive their initial report or status from their colleagues from previous shift. They get...
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...John D. Rockefeller Most people thought john d. Rockefeller was a robber baron. Well he wasn't he is a captain of industry he created a oil company that was very successful. He was a very kind heart man he helped the workers with there work. I believe that john d. Rockefeller was a captain of industry because how he made his money was because of hard work he didn't cheat his way to the top, he was a co-founder of the first oil company. He grew up in new york and New York, he entered the then-fledgling oil business in 1863 by investing in a Cleveland Ohio refinery In 1870. Then after that he everything going good with his oil company and he was very sussessful. He did good with his money he did buy a lot of crazy things like alcohol and...
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...Big Business Andrew Carnegie, born in Scotland in 1835, settled in Pennsylvania with his family at the age of 13. He started off working in a cotton factory, later moving to a telegraph company. Here he met Thomas Scott who hired him as a secretary and telegrapher. Scott was a superintendent of the Pennsylvania Railroad’s Pittsburgh division. When Scott moved up to become general superintendent for the railroad, Carnegie, at the age of 24, took over his position within the Pittsburgh division. Carnegie worked for the Pennsylvania Railroad for 12 years, leaving in 1865 (Biography.com, 2010). His first steps toward big business were his investments in a sleeping car company and oil. Both investments paid off handsomely (n.d.). Then, in 1864, he turned towards the iron business. He had contracts with the railroad to build new bridges out of iron replacing the existing wooden ones. In 1872, Carnegie learned the Bessemer process which converted iron into steel. Steel was more flexible than iron and lasted longer (PBS, 1999). In 1875 he opened the biggest steel mill in the world. His final step toward being one of the wealthiest men in the nation was expansion. He bought competitor mills and built new ones. By doing this he had control over the industry and could ensure profits at all stages (Davidson, Gienapp, Heyrman, Lytle, Stoff 2006). In 1901, Carnegie sold his business to J.P. Morgan for $480 million (PBS, 1999). The reason Carnegie did so well is because he knew business...
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...Marriage and Commercialism News ------------------------------------------------- Top of Form Bottom of Form * ------------------------------------------------- Home * ------------------------------------------------- News * ------------------------------------------------- Features * ------------------------------------------------- Network * ------------------------------------------------- Events * ------------------------------------------------- Education * ------------------------------------------------- Cities * ------------------------------------------------- Job Board * ------------------------------------------------- Life * ------------------------------------------------- Awards * ------------------------------------------------- More * ------------------------------------------------- General | Technology | Enterprise | Startups | Finance | Business | Career | Movie reviews | Life | US Indian | Gadgets Most Popular ( 1-4 of 16 ) Indian American Tribute to Rajesh Khanna 10 Tips for Newly Salaried Professionals Brand-New Dual Core Smartphones in India Celebrity Wives And Their Businesses Marriages fit for kings - for Sahara tycoon's sons Monday, 09 February 2004, 12:30 IST inShare | | Print | | Email | Lucknow, Over 10,000 guests, an orchestra from London and an award-winning filmmaker as videographer are some of the dazzling highlights of...
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...Made Men. Rugged, independent, and driven: they became pioneers of their time. They lead the way in progress and innovation during the Gilded age. One of history's best know examples of a Self Made Man is Andrew Carnegie, the Steel king . Born in Scotland to hand loom weavers, his family immigrated to America when the mechanization of the cotton industry put them out of work. They settled down in Allegheny, PA where Carnegie worked as an errand boy in a textile mill to support his financially struggling family. He soon gained a job in a telegraph office where he proved himself dedicated when he memorized addresses and names. When his father died he was left the sole supporter of his family at age 20. With little education, Carnegie taught himself at the library and night school. While in the telegraph industry, he proposed new ideas that increased profit in Railways and communication. He invested in sleeping cars, earning $5000 revenue. He founded two successful companies including Keystone Bridge Co., building iron bridges,and Keystone Telegraph Co. which he merged with the Atlantic Telegraph Co. He then traveled between the US and Europe selling Bridge Bonds. Later he took an interest in the steel industry. He invested in the Bessemer method of steel manufacturing and...
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...Carnegie and the Age of Steel, I learned a lot about what steel manufacturing had to do with the Gilded Age time period in America. The film first opened by talking about how in the late 1800’s Andrew Carnegie was now the richest man in the United States. But how did he get to be that way? Well, that is what the film goes into next. New Englanders were faced with a crisis in these times, iron was too expensive, but iron was the thing that fueled the New Englanders industry. So the colony started to manufacture their own iron to try and cut costs. Many iron mills were created in the New England area, and some Americans, but many indentured servants from Europe worked in the iron mills. With America becoming a hub for producing iron, the British wanted to restrict the growth of the iron mills in the United States but ultimately failed, because by independence day, the United States now produced 1/4 of the worlds iron. Many cities emerged with the creation of the many iron mills in America, one being Pittsburg, which became iron’s capital. When Andrew Carnegie was a young boy, he was poor and worked as a telegrapher, until noticed and admired by Tom Scott, a man who was very knowledgable in the railroad and iron industry. Soon after Tom Scott discovered Carnegie, Carnegie became his assistant, and became very interested in iron and the use of it to build America’s many new railroads. However, while iron was a great industry for Carnegie, with the invention of steel in 1856, Carnegie...
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...advanced the transportation system in America and became the richest man in the world. Andrew Carnegie is the man behind the Carnegie Steel Company. Carnegie had a strong work ethic that started at a young age when he began working at a cotton mill for $1.20. He changed jobs several times before meeting, Thomas Scott, the head of Pennsylvania Railroad and becoming his personal secretary. This job is where Carnegie experienced first hand the high demand for steel and oil in America. He took the money that he earned in his secretary position and $500 from mortgaging his house he invested in oil, sleeping carts and the Adams Express Company. These investments gave Carnegie the finances to start the Carnegie Steel Company in 1875. Carnegie had competition when he started his business because the demand for steel was so high and everyone wanted to have a part in it. Carnegie had experience with steel due to his time spent working on the railroads. He knew that the transportation of goods and travelers wasn’t...
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