Who owns ltv steel

ArcelorMittal's story is also one of painful loss and difficult but unavoidable adjustments. Beginnings in Cleveland. ArcelorMittal Cleveland is among the area's oldest industrial landmarks. The plant now occupies acres straddling both sides of the river. Tremont sits to its west, Slavic Village to its east.

Manufacturing powered the economy of Cleveland and Ohio for decades. During the s, manufacturing employed more than 40 percent of working Ohioans, according Michael Shields, a researcher at Policy Matters Ohio. And manufacturers dominated the list of top employers in Greater Cleveland during that time. A nationwide four-month steel strike in would have an unintended consequence on labor forces, said historian Christopher Dawson, author of "Steel Remembered: Photos From the LTV Collection".

By the s, Ohio's manufacturing base was eroding. Plants were relocating, first to Southern states and then abroad. By the end of the decade, it was down to about 30 percent.

Global competition, once flattened by war, had grown. Automation began replacing human labor. Cleveland's population, which peaked in when the city was the seventh largest city in the United States with more than , residents, began an accelerated decline.

The recession of swept away many more of the city's manufacturing jobs. Late that year, LTV announced that it was closing the plant and terminating about 4, workers. But a core group of workers -- both union and management -- was determined to re-light the flame. Plotting a comeback.

Hauge managed the blast furnaces. He knew that closing a steel mill means more than shutting down machines and walking away. Equipment that is improperly idled can be ruined forever. This is especially true of the blast furnace, where the iron that will eventually become steel is made.

In December , LTV officials wanted to protect the three blast furnaces by "banking" them -- filling them with coke, coal that has been converted to nearly pure carbon, to keep them warm. Hauge, however, thought the furnaces should be taken cold, or shut down. He wanted to restart them eventually, and believed shutting them down was the best way to protect them from a brutal Cleveland winter.

It was well maintained," he said. I was confident that we could find a buyer. At first, union leaders hesitated because they had always heard that restarting a blast furnace was nearly impossible. But they decided to back their manager, and LTV agreed.

It was a breakthrough based on trust, said Granakis, then a union president. Boone, the current union president, said the trust wasn't blind. Hauge serves on a global group of blast-furnace experts. No buyer had emerged, but the self-appointed management-union team persisted. They knew the restarted plant would have to run far leaner than it ever had before. Part of the inefficiency stemmed from local history. The plants had once competed. In some ways, their union locals still did.

On May 9, Continental Emsco, a worldwide supplier of oil and gas drilling equipment, was renamed to LTV Energy Products Company, which was made up of several product oriented divisions. Jones and Laughlin Specialty Steels, Inc. The LTV Corporation became a manufacturing company with interests in steel, leading steel technologies, and metal fabrication. LTV Steel Company, a wholly owned subsidiary, was a leading producer of high-quality, value-added, flat rolled and tubular steel and a major supplier to the transportation, appliance, electrical equipment and service center industries.

As a result of continuing poor operating results in its steel and energy business, the enormous pension obligations of LTV Steel Company, and unavailability of external financing, The LTV Corporation and sixty-six of its direct and indirect subsidiaries filed petitions to reorganize under Chapter 11 of the Federal Bankruptcy Code.

LTV Steel Company began to reduce its steelmaking capacity from twenty-four million tons per year to ten million tons. During the bankruptcy, on January 13, , the Pension Benefit Guaranty Corporation PBGC terminated three LTV Steel Company pension plans and assumed their assets because the corporation did not have the resources to continue funding the plans and retirees covered by plans who needed protection.

David H. Peter Kelly b. During Hoag's tenure, a plan for reorganization was developed to make a core of profitable, low-cost superior quality facilities. A Management Executive Committee MEC was instituted which laid the cornerstone for the new company by drafting a mission statement supported by six organizational beliefs. The mission statement provided for LTV Steel Company to become a leader in the manufacture and sale of engineered steels for demanding applications through continual improvement of products and services to satisfy customer requirements one hundred percent of the time and to achieve sufficient return on investment to enable LTV Steel to prosper as a company.

Beginning in , The LTV Corporation funded the steel company's pension plans; modernized its steel facilities; and embarked on a course to double its steel company revenues base.

In , LTV Steel focused on the growth opportunities available in leading steel technologies and metal fabrication by forming another venture with Sumitomo Metals and British Steel to construct and operate a mini-mill Trico Steel Company in Decatur, Alabama. In , LTV Steel Company established its presence in the metal fabrication industry through the acquisition of VP Buildings, the nation's second largest manufacturer of pre-engineered metal buildings.

In February , David Hoag retired and J. Kelly was credited with increasing the global competitiveness of LTV's steel business by improving productivity, reducing costs, streamlining administration, and achieving high levels of product quality and customer satisfaction.

The LTV Steel Company also sold off assets that did not generate a profit, including the tin mill products business and ownership in Presque Isle Corporation. In January , Richard J. Hipple b. By November , J. Bricker, , was appointed president and board chairman. The company cited the weakening U. In February , Richard J. Hipple resigned and John D. Turner b.

Turner was given overall management responsibility for LTV's integrated steel and metal fabrication operations. His primary responsibility was to provide new leadership in the restructuring efforts of The LTV Corporation. Under Turner's leadership, the bankruptcy court approved the sale of the tin mill products divisions in Aliquippa, Pennsylvania and Easwt Chicago, Indiana.

This allowed the company to continue to operate during the restructuring phase. John Turner and William Bricker introduced a five-step restructuring plan entitled "Bridge to the Future" in April Huge chief financial officer file March , 4 Board of directors meetings, A. Huge chief financial officer file April 28, 4 Board of directors meetings, A. Huge chief financial officer file April 29, 4 21 Board of directors meetings, A. Huge chief financial officer file April 29, 5 1 Board of directors meetings, A.

Huge chief financial officer file April 29, 5 Board of directors meetings, A. Huge chief financial officer file May 20, 5 4 Board of directors meetings, A. Huge chief financial officer file July 28, 5 5 Board of directors meetings, A. Huge chief financial officer file July 29, 5 6 Board of directors meetings, A. Huge chief financial officer file August 16, 5 Board of directors meetings, A. Huge chief financial officer file September 23, 5 Board of directors meetings, A.

Huge chief financial officer file October , 5 Board of directors meetings, A. Huge chief financial officer file November 18, 5 15 Board of directors meetings, A. Huge chief financial officer file 5 Board of directors meetings, A.

Huge chief financial officer file January , 5 19 Board of directors meetings, A. Huge chief financial officer file February 25, 5 Board of directors meetings, A.

Huge chief financial officer file March 24, 6 1 Board of directors meetings, A. Huge chief financial officer file March 24, 6 Board of directors meetings, A. Huge chief financial officer file April , 6 5 Board of directors meetings, A. Huge chief financial officer file June 22, 6 Board of directors meetings, A.

Huge chief financial officer file June 23, 6 Board of directors meetings, A. Huge chief financial officer file July 27, 6 Board of directors meetings, A.

Huge chief financial officer file July 28, 6 Board of directors meetings, A. Huge chief financial officer file September , 6 Board of directors meetings, A.

Huge chief financial officer file October 27, 6 Board of directors meetings, A. Huge chief financial officer file November 17, 7 Board of directors meetings, A.

Huge chief financial officer file January 25, 7 Board of directors meetings, A. Huge chief financial officer file February 23, 7 Board of directors meetings, A. Huge chief financial officer file March , 7 7 Board of directors meetings, A.

Huge chief financial officer file April 12, 7 8 Board of directors meetings, A. Huge chief financial officer file April 15, 7 Board of directors meetings, A. Huge chief financial officer file April , 7 Board of directors meetings, A. Huge chief financial officer file June , 7 Board of directors meetings, A.

Huge chief financial officer file July , 7 Board of directors meetings, A. Huge chief financial officer file September , 7 23 Board of directors meetings, A. Huge chief financial officer file October 25, 8 Board of directors meetings, A.

Huge chief financial officer file October 26, 8 4 Capital expenditures and economic hardship deferrals related to environmental expenditures,. Cook 13 12 Empire Mine general issues, correspondence file of E. Ermlick 13 13 Empire Mine general issues, correspondence file of Wayne C. Ferguson Company, facility drawing ca. Industrial Relations Department files, issues arising from the implementation of the settlement agreement 45 Griffin J.

Industrial Relations Department files, issues arising from the implementation of the settlement agreement 45 19 Griffin J. Enduro Stainless, Inc. Crusciel et. Delon, Sr. DiPietro; Peter J. Eritrano; R. Fleming; and Alex George 80 3 Judith A.

Laveing; F. Palombo 80 4 S. Rodich; A. Tremain's letter to Lynn Williams, president of the United Steelworkers of America 94 28 negotiations, data for Lazard Freres 94 29 negotiations, employee shutdown costs 94 30 negotiations, employment cost cases 94 31 negotiations, force numbers, hourly and salaried undated 95 negotiations, general file 95 3 negotiations, G.

Nemec, Supervisior of Group Insurance negotiations, general issues negotiations, employee benefits Sub-sub-series A. Tremain, Vice President of Industrial Relations negotiations, general issues 21 negotiations, personal file negotiations, personal file Interim years between negotiations, general issues file 1 Interim years between negotiations, general issues file 2 negotiations, general issues file 1 negotiations, general issues file 2 18 negotiations, general issues negotiations, general issues Sub-series F: Unit Binders Unit Binders, Aliquippa Works Division; Unit Binders, Bar Group Division, Buffalo, New York; Unit Binders, Bar Group Division, Canton and Canton South, Ohio; Unit Binders, Bar Group Division, Chicago, Illinois; Unit Binders, Bar Group Division, Massillon, Ohio; and Unit Binders, Cleveland Works Division folder 1 of 2.

LTV Steel Corporation, et. Hipple 8 Doe Jane v. Huenfeld, J. Morgan, and John Walsh 9 Doe Jane v. Continental Emsco, et. LTV Steel Company, et. A-Best Products, et. American Mineral Spirits Company, et. River Terminal Railroad 29 Liability and loss cases, Clark v. Aliquippa and Southern Railroad 4 Liability and loss cases, Dallas v. Kyle L.

Breaux, et. Acme Construction, Inc. A-Best Products Company, et. The Kendall Company, et. DelSteel Incorporated v. Republic Engineered Steels, Inc. LTV Steel, et. Ross said that Rodney Mott will be president and chief executive officer of the new company. Mott has previous management experience at Nucor Steel and U. Tomasch said that six bidders were involved in the private bidding process on Wednesday, and two withdrew by Wednesday afternoon.

He said that they were unable to beat the Ross bid. The Cleveland Steel team also includes Thomas Tyrrell, former chief executive of Republic Technologies International, which makes steel bars.

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