I was conversing with my Baluchistani Diaspora chum
yesterday about the fukkwittery that UK in/out of Euraboland/USSA/TriadCCP
is all about and after having a swipe at the Tata Zoroastrian court jewsters
and their strange gods, https://thestoker.wordpress.com/2016/04/01/tata-sassoons-and-the-opium-trade/
, I remarked that it seemed a rather funny old world when
you drive a freeway through someone’s front window for 20 years and then have
it fall on the finger food vendors below.
He remarked that if it wasn’t so tragic it could only be
commie. In true Trotsky mental enema stylee the down town in question was
Kolkata, or is that Calcutta,
or whatever it was called, will be called or is called? (Parsley’s down town http://rangingshots.blogspot.co.uk/2011/05/found-myself-watching-c4-newsfhart-this.html
)
Kind of like with the Khazaris, one never will know what their
true handle is, was or wasn’t. The nameless one’s that worship no thing and
serve nothing. One also needs to note how long the constant revolution shell
game has been played by other mass murdering mental defectives like Trotsbolloshitterski
down the ages.
Anyway my buddy remarked that if I thought the creepzoids
from Zoroaster’s eternal flames were as vapid, bent and deformed as a WTC 1 or
2 main static load bearing member then the hyper dimensional cockshifting weirdness
of Mittal would make string theorists give up in despair.
There simply is not enough energy in existence to thread
this cameldick through the event horizon of any worm hole.
Talking of peculiar monopecuniary muppets, do you recon the
brain dead scum that used to defend the British Isles
realise that they are going to be abandoned when they get their first Sharia
compliant finance bill in a Queen’s speech from her first and second treasury
lords?
Anyway enjoy this rather hysterical item from the vaults.
“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 in accounting and
mathematics. But instead of becoming an employee accountant, Mittal joined the
family’s company “Ispat” and that marked the turning point of his life.
How Lakshmi Mittal Created Arcelor Mittal Steel and became a
Billionaire
Lakshmi was inspired ‘by the massive rollers driven by
rubber belts and pulleys that flattened the red-hot steel into bars.’ Later on,
Mittal went solo and founded the company, LNM Group in 1976 at the age of 26
and has been responsible for the development of its businesses ever since. He
set up his first steel mill, in Indonesia,
producing 26,000 tonnes and generating annual profit of $1m.
Lakshmi Mittal soon realized that to become a major player
in the steel market, his steel would have to go global, just like car
manufacturers, ship builders, iron and coal producers. Determined to make his
company a global player, he started acquiring companies in Canada and Germany. Still not getting the big
break he needs, he turned to Kazakhstan.
Back then, the former Soviet republic was in a financial
mess and on the brink of bankruptcy. Mittal acquired the country’s Karmet Steel
works in Temirtau
for a knockdown price of $400m. Kazakhstan
happens to share a border with China,
where demand for steel was about to take off. That single acquisition turned
out to be a very wise strategic investment as it propelled Mittal into the big
league of international steel makers. Lakshmi Mittal became a global steel
producer with operations in 14 countries.
Recognizing the need for a strong management team to execute
his strategic expansion plans, he brought in Indian managers, doubled
production and began selling to booming markets in the East. With luck, as well
as timely judgment, he rescued Kazakhstan
from financial ruin and paved the way for further large scale acquisitions.
Lakshmi Mittal was also the visionary who saw that the
fragmented international steel industry, serving local markets, was crying out
for consolidation. Many companies then were owned by the governments and
innovative developments were not forthcoming in the steel industry. Though some
companies had been privatized, the steel sector was still characterized by
acute over capacity, high indebtedness and steel prices that had hit rock
bottom.
Lakshmi Mittal created Mittal Steel in 2004 via a takeover
of his private company, “LNM” by his public one; Ispat. Mittal Steel became the
largest steelmaker in the world, with shipments of 42.1 million tons of steel
and profits of over $22 billion in 2004.
In 2006, at the age of 58, Lakshmi Mittal took the world by
storm by beating all European establishments to acquire Arcelor Steel, a
company created through a merger of firms from Spain,
France, Luxembourg and Belgium. Arcelor chairman, Guy
Dolle, was forced to swallow his words after controversially dismissing Mittal
Steel as a company of Indians paying with monkey money. After a long drawn
battle, Arcelor’s shareholders decided to sell out despite opposition to the
deal from politicians including former French President Jacques Chirac.
The creation of ArcelorMittal, the biggest steel company on
earth and now worth over £100bn, couldn’t have come at a better time. The new
group, led by Lakshmi Mittal launched into a worldwide commodities boom that
has seen steel prices skyrocket from $240 a tonne in 2002 to $1,000 today.
Arcelor Mittal was the first to produce more than 100 million tonnes of steel a
year; that could double in a few years as Mittal Steel goes on another
acquisition spree, extending his empire to Africa, Australia
and China.
Today, ArcelorMittal employs 300,000 people in 60 countries,
but accounts for only 10 per cent of global output, so it could grow much
bigger before attracting the attention of the anti-trust authorities.
‘Certainly, there is the opportunity to grow,’ Lakshmi Mittal said recently.
‘To what size? You could go up to 150 or 200 million tonnes a year,’ he said.
Just as every successful entrepreneur is expected to face
criticism, Lakshmi Mittal has attracted criticism. 191 people have died in
accidents in the past 12 years at his Kazakhstan operations, where
campaigners argue that more money should have been spent on safety measures.
The company has strongly rejected allegations of negligence, but later
earmarked an extra $1.2bn for improvements.
In Britain,
Lakshmi Mittal has donated to the Labour party but ran into controversy in 2001
when he gave the party £125,000 just before the general election, allegedly in
exchange for a letter from Tony Blair to the Romanian government supporting his
bid for a Romanian steel plant. Both denied the allegation.
Lakshmi Mittal is proud to be Indian, but he considers
himself a ‘global citizen’. Despite his immense wealth, his family’s 44 per
cent stake in ArcelorMittal worth £24bn, he doesn’t seek the limelight. You
won’t see him at Ascot, Wimbledon or the Proms, although he does attend
football matches, after buying 20 per cent of London club QPR, where Formula 1 supremo
Bernie Ecclestone is also on the board.
He is married to Usha Mittal, and both have a son and
daughter, Aditya and Vanisha. Being flushed with cash, Lakshmi Mittal hit the
news when he reportedly bought his third property in London’s
Kensington Park Gardens,
dubbed billionaires’ row, for his daughter, Vanisha. Lakshmi Niwas Mittal is no
doubt a billionaire industrialist by all standards and he is treated as a
national icon in his country, India.
Without showing signs of resting on his oars, Lakshmi Mittal
is plotting his next move. He wants to secure deposits of coking coal and iron
ore, which have doubled in price in the past four years and which are vital for
the production of steel. He is in talks to acquire coal mines in Australia and Russia, while expansion elsewhere
means that ArcelorMittal now meets 45 per cent of its iron ore requirements
from its own supplies.
Lakshmi Mittal has also invested in shipping and rail to cut
transport costs. The only part of the supply chain that remains outside his
control is oil and gas: an area, perhaps, that could attract his attention
before too long.
Aside his achievements in business, Lakshmi Mittal was
awarded Fortune magazines “European Businessman of the Year 2004” and also
“Steelmaker of the Year” in 1996 by New Steel, and the “Willy Korf Steel Vision
Award” in 1998, for outstanding vision, entrepreneurship, leadership and
success in global steel development from American Metal Market and PaineWeber’s
World Steel Dynamics.
In 2002, Lakshmi Mittal was involved in a political scandal
with British Prime Minister Tony Blair, when a donation he made to the Labour
party led to Blair’s intervention in a business deal flavoring Mittal, it was
announced later he donated £2 million to the Labour Party.
Lakshmi Mittal is an active philanthropist and a member of a
few trusts. Mittal is a member of the Foreign Investment Council in Kazakhstan, the International Investment Council
in South Africa,
the World Economic Forum’s International Business Council and the International
Iron and Steel Institute’s Executive Committee.
He is a Director of ICICI Bank Limited and is on the
Advisory Board of the Kellogg School of Management in the U.S. In March 2005, Forbes Magazine
named him the 3rd richest man in the world and the richest non-American, with
an estimated wealth of US$25 billion. He has been on the Forbes list of world’s
top 10 richest billionaires for more than five years running.
He is the wealthiest person in Britain. His house in Kensington,
bought in 2003 for $128 million is the most expensive house ever purchased. He
also paid upwards of $55 million to host his daughter’s wedding celebration in Versailles in 2004.
The story of Lakshmi Niwas Mittal has really proved that
what the mind can conceive and believe, it can achieve. If only youths can
aspire to be like Lakshmi Mittal, the world will be a better place.” http://www.strategicbusinessteam.com/successful-entrepreneurs/how-lakshmi-mittal-created-arcelor-mittal-steel-and-how-he-joined-the-forbes-list-of-worlds-top-ten-richest-billionaires/
