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ISG ING Groep NV

24.85
0.00 (0.00%)
20 Dec 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
ING Groep NV NYSE:ISG NYSE Exchange Traded Fund
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 24.85 0 00:00:00

ISG Restarts 110-Inch Plate Mill at Burns Harbor

06/04/2005 11:12pm

PR Newswire (US)


ING Groep NV (NYSE:ISG)
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ISG Restarts 110-Inch Plate Mill at Burns Harbor RICHFIELD, Ohio, April 6 /PRNewswire-FirstCall/ -- International Steel Group Inc. (NYSE:ISG) today announced the successful restart of its 110-inch plate mill, located at the company's Burns Harbor facility in Burns Harbor, Ind. ISG announced plans to restart the operation in December 2004 and has since hired and trained 65 new employees to operate the facility. "We couldn't be more pleased with the successful restart of this facility," said Thomas J. Cera, vice president - ISG Plate Operations. "Our decision to return this mill to operation was driven by increasing demand from our existing customers and our desire to quickly respond to their needs." The mill makes steel plate for a wide range of industries, including rail, construction, shipbuilding, oil and gas exploration and production, and machinery. The ISG Plate Division also is a major supplier of armored plate products that are used to protect the U.S. Armed Forces. "Today marks a great day in the history of Burns Harbor Plate," added Lawrence Fabina, general manager-ISG Burns Harbor Plate. "With much anticipation, the restart of this operation has meant a great deal to both our new and experienced employees who are happy to service the growing needs of our valued customers." About International Steel Group Inc. International Steel Group Inc. is one of the largest steel producers in North America. It produces a variety of steel products including hot-rolled, cold-rolled and coated sheets, tin mill products, carbon and alloy plates, rail products and semi-finished shapes to serve the automotive, construction, pipe and tube, appliance, container and machinery markets. For additional information on ISG, visit http://www.intlsteel.com/ . Forward-Looking Statements Statements in this release that are not historical facts, including statements accompanied by words such as "will," "believe," "expect," "estimate," or similar terms, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward- looking statements involve risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied in such statements. These statements contain time-sensitive information that reflects management's best analysis only as of the date of this release. ISG does not undertake any ongoing obligation, other than that imposed by law, to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release. Factors that may cause actual results and performance to differ materially from those in the forward-looking statements include, but are not limited to, negative overall economic conditions or conditions in the markets served; competition within the steel industry; changes in U.S. or foreign trade policy affecting steel imports or exports; changes in foreign currencies affecting the strength of the U.S. dollar; actions by domestic and foreign competitors; the inability to achieve the Company's anticipated growth objectives; changes in availability or cost of raw materials, energy or other supplies; labor issues affecting the Company's workforce or the steel industry generally; and the inability to implement the Company's operating culture and philosophy at acquired facilities. Further information concerning issues that could materially affect financial performance related to forward-looking statements can be found in ISG's filings with the Securities and Exchange Commission. Additional Information and Where to Find It Mittal Steel has filed with the Securities and Exchange Commission a registration statement on Form F-4 that includes a preliminary proxy statement of ISG and a preliminary prospectus of Mittal Steel and other relevant documents in connection with the proposed merger involving Mittal Steel and ISG. In addition, Mittal Steel will publish and make available to shareholders of Mittal Steel, and file with Euronext Amsterdam N.V., a prospectus and shareholders circular. Investors and security holders are urged to carefully read the definitive prospectus regarding the proposed merger when it becomes available because it will contain important information and to exclusively base their investment decision on this definitive prospectus once available. Investors and security holders of Mittal Steel and ISG are urged to read the definitive proxy statement and prospectuses and other relevant materials when they become available because they will contain important information about Mittal Steel and ISG and the proposed merger. Investors and security holders may obtain a free copy of these materials (when they are available) and other documents filed with the Securities and Exchange Commission at the SEC's website at http://www.sec.gov/ . Mittal Steel and ISG and their respective executive officers and directors may be deemed to be participants in the solicitation of proxies from the ISG stockholders with respect to the proposed merger. Information regarding the interests of these officers and directors in the proposed merger is included in the preliminary proxy statement/prospectus contained in the above-referenced registration statement on Form F-4 initially filed with the SEC on December 14, 2004, as amended. You may obtain documents filed with the SEC by Mittal Steel free of charge if you request them in writing from Mittal Steel Company N.V., 15th Floor, Hofplein 20, 3032 AC Rotterdam, The Netherlands, or by telephone at +31 10 217 8800. You may also obtain documents filed with the SEC by ISG free of charge if you request them in writing from Investor Relations, International Steel Group Inc., 4020 Kinross Lakes Parkway, Richfield, Ohio 44286-9000, or by telephone at (330) 659-7430. DATASOURCE: International Steel Group Inc. CONTACT: Investors, Blaise E. Derrico, Manager, Investor Relations, +1-330-659-7430, or Media, Jolice A. Pojeta, Communications Manager - Western Region, +1-219-787-2146, or +1-219-391-3513, or Charles T. Glazer, Manager, Communications and Public Relations, +1-330-659-9121, all of International Steel Group Inc. Web site: http://www.intlsteel.com/

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