FUTURE PATH

The LNM Group aims to lead the world in the steel business. The group is the fastest growing, second largest and most global steelmaker in the world. Future vision is to continue to play a leading role in the further consolidation of the global steel industry.

The Groups Management Philosophy's are:

• Manage each subsidiary as an independent, incentive based and entrepreneurial business unit, with full responsibility for all its operations
  
• Continuous operational improvements through Knowledge Integration Programme ("KIP")
  - Implement best practice in each discipline through inter-company and industry-wide benchmarking
  
• Continuous focus on cost reduction and quality improvements
  
• Follow strategy of maintaining leadership position in the globalisation of the steel industry through a synergistic acquisition program
  
• Maximise benefits arising from integration of existing and new business units
  
• Promotion of social harmony in each and every business unit
  
• Significant benefits from aggregated purchasing power and global marketing knowledge

One key part of group strategy is to acquire under performing steel companies and successfully implement turnaround strategies. The stress is on best management techniques, leaving absolutely no room for mediocrity.

Customer satisfaction is the foremost principle and in order to achieve it the group invests heavily in research facilities. The world-class research facilities at France and the United States are geared to turn up products that not only meet but also exceed the market and customer expectations.