LNM plans to invest in Ukraine
According to recent news in the market, Lakshmi Mittal, owner of world's second biggest steel producer LNM, had a meeting with
Ukraine President Leonid Kuchma. In the meeting, Lakshmi Mittal mentioned his plan of investing in
Ukraine's metal sector and forming joint venture companies as well. In return for Mittal's plan, Leonid Kuchma, stating that
Ukraine's economy is stable, expressed that he has a positive attitude towards the issue.
As previously reported by SteelOrbis, LNM has made several
investments worldwide with the purpose of becoming the top steel producer in the world. The most recent one was related with the establishment of cold rolling mill in
China. Besides, it made
investments in
Romania, South
Africa and
Poland. LNM's investment in
Ukraine can be interpreted as a part of company's plan of becoming world's top steel producer.