Indian MNCs in Developed Markets, Mittal Steel

Proseminar WS 09/10

Heilbronn, 10.11.2009

Lecturer: M. Manandhar, M. A.

Indian MNCs in Developed Markets,
Mittal Steel

Shila Guthmann

Matrikelnummer 171792

Onur Karaüzümlüler

Matrikelnummer 171793

Course of studies:

International Business - Intercultural Studies

Content

Page

1. Introduction

1

2. Definition

1

2.1 Definition of a multinational company

1

2.2 Definition of a developed market

1

3. Environment
3.1 Environmental policy

1

3.2.1 Production

1

3.2.2 Use

1

3.2.3 Recycling

1

3.3 Environmental measures

2

3.4 REACH

2

3.5 Environment in Germany

2

4. Human Resource Management
4.1 Human Resource Management worldwide

2

4.2 Human Resource Management in Germany

2

5. Conclusion

2

1. Introduction
ArcelorMittal is, since its merger in 2006, the world´s largest steel company. It offers a wide range of different steel products and is presented in about 60 countries. Lakshmi Mittal, the Indian founder of the family company Mittal Steel (formally LNM Group), has formed an impressive concern, with a steady focus on expansion and development. The most important acquisition was the merge with Arcelor, especially for the presence on the European Market. According to this merge we figured out specifically Human Resource Management and Environment.
2.1 Definition of a multinational company
“A corporation which maintains assets and/or operations in more than one country. A multinational corporation often has a long supply chain that may, for example, require the acquisition of raw materials in one country, a product's manufacture in a second country, and its retail sale in a third country. A multinational often globally manages its operations from a main office in its home country.” (http://financial-dictionary.thefreedictionary.com/Multinational+company)
2.2 Definition of a developed market
According to the financial times stock exchange a developed