Aceralia
Encyclopedia
Aceralia was a large Spanish steel producer formed in 1997 by restructuring of a group formed from earlier mergers of the steel producers ENSIDESA and Altos Hornos de Vizcaya
.
The company merged into Arcelor
in 2001, and became part of ArcelorMittal in 2006.
of the 1960s.
In 1973 the state owned company was forced to take over the Asturian
steel company UNISA, which had invested heavily in a fully integrated steel works and did not have the capital to fund it.
to form the Corporacion de la Siderurgia Integral from which the Corporación Siderúrgica Integral (CSI) was formed in 1994 from the more profitable parts (as part of a privatisation process).
In 1997 Aceralia Corporación Siderúrgica was formed by reorganisation of CSI, the same year the company formed a strategic alliance with the Luxembourg based steel group Arbed
. As soon as it was formed it was also privatised.
The group also acquired the Aristrain Group (steel sections), and Ucín (rebar
, wire rod), in the process becoming the largest steel company in Spain.
In 2001 the company merged with two other European steel producers; Arbed, and Usinor
to form Arcelor
.
Altos Hornos de Vizcaya
Altos Hornos de Vizcaya was a ironworks business that began in 1902 in Bilbao with the merger of three iron and steel businesses: Altos Hornos de Bilbao, La Vizcaya, and La Iberia...
.
The company merged into Arcelor
Arcelor
Arcelor S.A. was the world's largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of €30.2 billion and shipments of 45 million metric tons of steel in 2004...
in 2001, and became part of ArcelorMittal in 2006.
ENSIDESA
In 1950 the state owned company Empresa Nacional Siderúrgia Sociedad Anónima (ENSIDESA) was formed to increase Spain's steel production, part of the industrialisation and modernisation of Spain that led to the Spanish economic miracleSpanish miracle
The Spanish miracle was the name given to a broadly based economic boom in Spain from 1959 to 1974. The international oil and stagflation crises of the 1970s ended the boom.- The pre-boom situation :...
of the 1960s.
In 1973 the state owned company was forced to take over the Asturian
Asturias
The Principality of Asturias is an autonomous community of the Kingdom of Spain, coextensive with the former Kingdom of Asturias in the Middle Ages...
steel company UNISA, which had invested heavily in a fully integrated steel works and did not have the capital to fund it.
Aceralia
In 1991 the state owned company ENSIDESA was merged with Altos Hornos de VizcayaAltos Hornos de Vizcaya
Altos Hornos de Vizcaya was a ironworks business that began in 1902 in Bilbao with the merger of three iron and steel businesses: Altos Hornos de Bilbao, La Vizcaya, and La Iberia...
to form the Corporacion de la Siderurgia Integral from which the Corporación Siderúrgica Integral (CSI) was formed in 1994 from the more profitable parts (as part of a privatisation process).
In 1997 Aceralia Corporación Siderúrgica was formed by reorganisation of CSI, the same year the company formed a strategic alliance with the Luxembourg based steel group Arbed
Arbed
ARBED was a major Luxembourg-based steel and iron producing company. Created in 1911 after the merger of three steel producing companies, ARBED was a major actor in the economic history of the Grand-Duchy until it merged in 2002 with two other European steel companies to create Arcelor.- Origins ...
. As soon as it was formed it was also privatised.
The group also acquired the Aristrain Group (steel sections), and Ucín (rebar
Rebar
A rebar , also known as reinforcing steel, reinforcement steel, rerod, or a deformed bar, is a common steel bar, and is commonly used as a tensioning device in reinforced concrete and reinforced masonry structures holding the concrete in compression...
, wire rod), in the process becoming the largest steel company in Spain.
In 2001 the company merged with two other European steel producers; Arbed, and Usinor
Usinor
Usinor was a French steel making group formed in 1948. The group was merged with Sacilor in 1986, becoming Usinor-Sacilor and was privatised in 1995, and renamed Usinor in 1997....
to form Arcelor
Arcelor
Arcelor S.A. was the world's largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of €30.2 billion and shipments of 45 million metric tons of steel in 2004...
.