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ArcelorMittal selected by Technip to supply highly-resistant steel wires for the development of oil and gas offshore fields

  ArcelorMittal selected by Technip to supply highly-resistant steel wires for
  the development of oil and gas offshore fields

Business Wire

PARIS -- September 19, 2013

Regulatory News:

ArcelorMittal’s site located in Bourg-en-Bresse is currently developing a
partnership to supply highly-resistant steel to be used in the manufacturing
of flexible sheaths for Technip (Paris:TEC) (ADR:TKPPY), with the aim of
strengthening its wire activities in the long term.

ArcelorMittal, the world’s leading steel and mining company, and Technip, a
world leader in engineering as well as offshore and onshore construction for
the energy industry, have signed an important^(1) five-year contract for the
supply of high-performance steel wires. This is ArcelorMittal’s most
significant European contract for its wire activities.

ArcelorMittal’s site in Bourg-en-Bresse, Rhônes-Alpes region, France, is part
of its Distribution Solutions division and will fabricate highly-resistant,
semi-manufactured rolled products to be used on flexible sheaths for the
development of ever deeper oil and gas fields worldwide. The site supplies
Technip’s manufacturing plants located in France, Brazil and Malaysia.

This major contract strengthens ArcelorMittal’s wire activities in
Bourg-en-Bresse, which will see a significant increase in its production to
support the buoyant high-potential offshore exploitation market. The site’s
wire activities benefited from a €6 million investment over the past three
years and gradually reinforced its production teams and technical
capabilities.

This agreement reinforces ArcelorMittal’s position as a leading supplier for
the design of high-end technological and innovative solutions for the buoyant
offshore market. It also shows that the group and its French production sites
can market ever better products to answer clients’ requirements and
challenges.

This commercial contract comes with a research and innovation contract. The
agreement envisages the development of new wire solutions to meet Technip’s
needs, and will consolidate the Bourg-en-Bresse site’s technological
leadership.

Alain Le Grix de la Salle, Head of Distribution Solutions at ArcelorMittal,
said: “We are both delighted and proud to have signed this major contract with
one of our main long-standing clients. This agreement is testimony to
Technip’s trust in our solutions and our ability to accompany them in their
development, as well as a reward and a challenge for our Bourg-en-Bresse teams
and their expertise. This is a perfect example of partnership in which we use
our research and development capabilities to create differentiation and value
together with our client.”

Patrick Laudamy, Managing Director of ArcelorMittal’s site in Bourg-en-Bresse,
adds: “This contract is very important for our Bourg-en-Bresse site. It
reinforces the industrial outlook of our site, which has managed, over the
years, to become a benchmark in the high-end steel wire market thanks to the
development of more and more efficient solutions.”

Frédéric Delormel, Executive Vice President and Chief Operating Officer Subsea
at Technip, comments: “Our know-how and solutions are a competitive advantage
for our oil and gas clients. The technological excellence of the projects we
develop is one of our strategic priorities. This is reflected not only in the
implementation of ambitious research and development programs but also in the
crucial importance of the supply chain, part of our manufacturing policy, and
therefore in the quality of the components we use in our flexible pipes.”

                                     ____

^(1) The contract awarded to ArcelorMittal by Technip has a value over €200
million.

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About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence
in more than 60 countries and an industrial footprint in over 20 countries.
Guided by a philosophy to produce safe, sustainable steel, we are the leading
supplier of quality steel in the major global steel markets including
automotive, construction, household appliances and packaging, with world-class
research and development and outstanding distribution networks.

Through our core values of sustainability, quality and leadership, we operate
responsibly with respect to the health, safety and wellbeing of our employees,
contractors and the communities in which we operate.

For us, steel is the fabric of life, as it is at the heart of the modern world
from railways to cars and washing machines. We are actively researching and
producing steel-based technologies and solutions that make many of the
products and components we use in our everyday lives more energy-efficient.

We are one of the world’s five largest producers of iron ore and metallurgical
coal and our mining business is an essential part of our growth strategy. With
a geographically diversified portfolio of iron ore and coal assets, we are
strategically positioned to serve our network of steel plants and the external
global market. While our steel operations are important customers, our supply
to the external market is increasing as we grow.

In 2012, ArcelorMittal had revenues of $84.2 billion and crude steel
production of 88.2 million tonnes, while iron ore production reached 55.9
million tonnes. ArcelorMittal is listed on the stock exchanges of New York
(MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock
exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

For more information about ArcelorMittal please visit: www.arcelormittal.com.

                                       
Contact information ArcelorMittal Investor Relations
                                       
Europe                                   + 352 4792 3198
Americas                                 +1 312 899 3985
Retail                                   + 44 203 214 2417
SRI                                      + 44 203 214 2854
Bonds/Credit                             + 33 171 92 10 26
                                       
                                         
Contact information ArcelorMittal Corporate Communications
E-mail:                                  press@arcelormittal.com
Phone:                                   +352 4792 5000
                                       
                                         
ArcelorMittal Corporate Communications
                                         
Sophie Evans (head of media relations)   +44 20 3214 2882
Laura Nutt                               +44 20 7543 1125
                                         
United Kingdom
Maitland Consultancy:
Martin Leeburn                           + 44 20 7379 5151
                                         
France
Image 7
Sylvie Dumaine / Anne-Charlotte Creach  + 33 1 5370 7470
                                         

About Technip

Technip is a world leader in project management, engineering and construction
for the energy industry.

From the deepest Subsea oil & gas developments to the largest and most complex
Offshore and Onshore infrastructures, our 38,000 people are constantly
offering the best solutions and most innovative technologies to meet the
world’s energy challenges.

Present in 48 countries, Technip has state-of-the-art industrial assets on all
continents and operates a fleet of specialized vessels for pipeline
installation and subsea construction.

Technip shares are listed on the NYSE Euronext Paris exchange and traded in
the USA on the OTCQX marketplace (OTCQX: TKPPY).

Contact:

Public Relations
Christophe Bélorgeot, +33 (0) 1 47 78 39 92
press@technip.com
or
Investor and Analyst Relations
Kimberly Stewart, +33 (0) 1 47 7866 74
kstewart@technip.com
or
David Tadbir, +33 (0)1 40 90 19 04
dtadbir@technip.com
or
Website
http://www.technip.com
 
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