Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 127

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 127
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 number of niche capital-light businesses and includes the following activities : Construction Production of steel building systems, including insulation, sandwich panels, profiles and turnkey pre-fabrication solutions. Approximately 30% of the business relates to panels (e.g.

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insulation) which support buildings to increase their energy efficiency and a lower carbon footprint. On May 31, 2024, ArcelorMittal Construction completed the acquisition of Italpannelli Srl in Italy and Italpannelli Iberica in Spain (following the purchase of Italpannelli Germany in March 2023) to significantly increase its capabilities in the panel business. See "Introduction—Key transactions and events in 2024". Projects Projects is a global one-stop provider of customized steel solutions and services for large and complex projects across energy and civil infrastructure. Industeel Industeel provides solutions to meet the design needs of the most demanding customer specifications with a complete range of high-quality steel grades. Industeel is also ‘ XCarb® recycled and renewably produced’ producer since 2023 and has received Responsible Steel Certification. Industeel, with operations in Charleroi (Belgium), Le Creusot, Chateauneuf, Saint-Chamond and Dunkirk (France) is designed to produce special steel plates including stainless steel products and extra heavy gauge products of alloyed carbon steel. Renewables AM Green Energy's $0.7 billion investment in the 975MW renewable energy project was launched in 2022 by ArcelorMittal. The project integrates solar and wind power generation, coupled with energy storage solution through a co- located pumped hydro storage plant, which helps to overcome the intermittent nature of wind and solar power generation. The project is owned and funded by ArcelorMittal. AMNS India entered into a 25 year off-take agreement with ArcelorMittal to purchase renewable power from the project. See “Business overview—Sustainable development—Climate change and decarbonization". Recycling Recycling plays an increasingly important role in decarbonization. ArcelorMittal is investing and developing its scrap recycling and collection capabilities (three scrap recycling businesses acquired in Europe and the United Kingdom in 2022-2023 with combined collection capacity of approximately 1 million tonnes). Processing and distribution Processing and distribution includes European distribution, steel service centers and tubular processing. The European leading steel distributor delivers steel solutions and services in safest, quickest, and ecological way to all customers over Europe. ArcelorMittal Tubular Products has