Brief: Arcelormittal SA Announced A Project To Construct An Advanced Manufacturing Facility In Calvert, Alabama

ArcelorMittal SA

06/02/2025 06:19

Feb 6 (Reuters) - ArcelorMittal SA  MT.LU :
    * ARCELORMITTAL SA - FY 2024 NET INCOME OF $1.3BN WAS
IMPACTED BY
NON-CASH AND EXCEPTIONAL ITEMS TOTALING $1.0BN
    * ARCELORMITTAL SA - BELIEVES DEMAND WILL INCREASE DURING
2025
    * ARCELORMITTAL SA - PROJECTS 2025 CAPEX OF $4.5-$5.0
BILLION
    * ARCELORMITTAL SA - PROPOSES INCREASING ANNUAL BASE
DIVIDEND TO
$0.55/SH IN FY25
    * ARCELORMITTAL SA - ANNOUNCED A PROJECT TO CONSTRUCT AN
ADVANCED
MANUFACTURING FACILITY IN CALVERT, ALABAMA
    * ARCELORMITTAL SA - NET CAPEX TO BUILD PLANT IS ESTIMATED
AT $0.9
BILLION
    * ARCELORMITTAL SA - PLANT IS ANTICIPATED TO COMMENCE
PRODUCTION
IN 2H 2027 AND EXPECTED TO GENERATE ANNUAL EBITDA OF $0.2
BILLION ON FULL CAPACITY

Source text:  ID:nGNXP2KKk 
Further company coverage:  MT.LU 

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