Investors Site Visit Genk, Belgium
07 June 2017 - 9:00PM
Aperam announces Phase 3 of its
Leadership Journey® with USD 150 million additional annualized
gains targeted by 2020 and entering into a 5 years unsecured revolving credit facility of EUR 300 million,
replacing its 3 years secured borrowing base facility of USD 400 million
Luxembourg, 7 June 2017 (13:00 CET) - Aperam is
today hosting a site visit for investors in Genk, Belgium and
announces Phase 3 of the Leadership Journey® - the Transformation
Program - to achieve the next structural profitability improvement.
This new phase of the Leadership Journey® aims USD 150 million of
additional annualized EBITDA gains over the period 2018 to 2020.
Under this phase, the Company wants to further transform the
business and address next generation needs of Aperam's customers
through new technologies, automation, digitalization and a fully
connected organisation.
As part of
Aperam's ongoing measures on balance sheet
strengthening and financing, the Company also announces that it has
entered an unsecured revolving credit facility (5 year) of EUR 300
million, replacing its existing secured borrowing base facility (3
year) of USD 400 million.
Timoteo Di Maulo, CEO of
Aperam, commented: "I am very proud how Aperam has
developed as a solid and sustainable company thanks to a consistent
execution of our self help strategy and financial discipline.
Today, the announcement of our Transformation Program is a new
phase of our strategic initiatives to improve structurally Aperam's
profitability and prospects."
Further information and
presentations of the event are available on Aperam's website
www.aperam.com, section Investors & shareholders, Investor
presentations.
About Aperam
Aperam is a global
player in stainless, electrical and specialty steel, with customers
in over 40 countries. The business is organized in three primary
operating segments: Stainless & Electrical Steel, Services
& Solutions and Alloys & Specialties.
Aperam has 2.5 million
tonnes of flat Stainless and Electrical steel capacity in Brazil
and Europe and is a leader in high value specialty products. Aperam
has a highly integrated distribution, processing and services
network and a unique capability to produce stainless and specialty
from low cost biomass (charcoal). Its industrial network is
concentrated in six production facilities located in Brazil,
Belgium and France.
In 2016, Aperam had
sales of USD 4.3 billion and shipments of 1.92 million
tonnes.
For further information, please refer to our website at
www.aperam.com
Contact
Corporate Communications / Laurent
Beauloye: +352 27 36 27 103
Investor Relations / Romain Grandsart: +352 27 36 27 36
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Aperam via Globenewswire
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