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Selection would be influenced by electric power costs and infrastructure To sites in Ohio, Pennsylvania and Kentucky. The location of the mill has not been decided, but the choice has narrowed
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The second phase isĮxpected to begin in 1997 at 'relatively modest additional capital cost'. Stream in early 1995 at a cost of USDollars 300m. With a production of 1m tons of flat-rolled hot band a year, would come on Specialises in mini-mill production, said the first phase of the project, TWO CANADIAN steel producers are joining forces to build a 2m tons-per-yearĭofasco, Canada's biggest integrated steelmaker, and Co-Steel, which International Company News: Canadian steel makers in General Motors P3711 The Financial Times London 401 General Motors Corp US United States of America P3711 Motor Vehicles and Car Bodies COMP Company News PEOP Personnel News J Ignacio Lopez de Arriortua, Head of Worldwide Purchasing The facility, lead-managed by Chemical Banking, would involve more thanĭollars 20bn in syndicated credits, with about Dollars 4bn more from Particularly at its finance arm, General Motors Acceptance Corp. Line, totalling nearly Dollars 25bn, to refinance maturing bank lines, Understood to be close to assembling the world's largest ever bank credit Management style that it was bound to suffer from his departure. Mr Smith yesterday expressed confidence that the worldwide purchasing teamĪssembled by Mr Lopez would 'keep the momentum going and meet our aggressiveĪpproach for improved material quality and service, while achieving ourĬommitments for total material cost savings.'Īnalysts said the costs drive was so much a product of Mr Lopez's personal Improvements in what they claimed were good productivity records and thin Some of GM's parts suppliers, who accused him of demanding unrealistic He was brought to the US by Mr Jack Smith, GM's chief executive, last May toĭo the same thing in North America. The company's costs and improved quality by renegotiating supplier As head of European purchasing, he slashed Having played a crucial role in the 1980s in turning GM's European Mr Lopez, a Spaniard, has a deep knowledge of the European motor industry,
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Lopez repeatedly denied this, insisting he was happy at GM. GM's announcement did not spell out where Mr Lopez was going, but reportsįrom Germany have repeatedly suggested he was joining Volkswagen on Marchġ6, when the company is due to announce sweeping changes in management. Reorganisation in the way it buys parts in North America. Mr Lopez, who was appointed to the purchasing job only 10 months ago, hasīeen the key person in a drive by GM to cut costs through a radical Ignacio Lopezĭe Arriortua, head of worldwide purchasing, resigned amid reports he is Its North American automobile operations to profit, when Mr J. GENERAL Motors yesterday suffered a severe setback in its efforts to return Setback for General Motors as Lopez resigns key position A finalĭecision will now be taken on April 29, a spokesman said.įried Krupp AG Krupp Hoesch Stahl DE Germany, EC P3312 Blast Furnaces and Steel Mills RES Facilities PEOP Labour P3312 The Financial Times International 97 Yesterday postponed a decision to close its integrated steel plant atĭuisburg-Rheinhausen, after mass protests by the workforce, writes Quentinĭemonstrators threw eggs and insults at Mr Gerhard Cromme, the chiefĮxecutive, whose management team had recommended the closure. The supervisory board of Krupp-Hoesch, the newly-merged steel group,