GOVERNOR GRANHOLM IS HONORED FOR LEADERSHIP IN PRESERVING MICHIGAN’S MANUFACTURING JOBS DEARBORN
DEARBORN, Mich., May 19, 2004 - Severstal North America Inc., the nation's fourth largest integrated steel company, today hosted a dinner reception of 350 industry, business, labor and political leaders in Michigan to honor Governor Jennifer M. Granholm for her tireless efforts in preserving and creating manufacturing jobs in the state.
"I would like to thank Governor Granholm for her leadership and commitment to maintaining a strong and vibrant steel, mining and automobile industry here in Michigan," said Alexey Mordashov, Chairman and CEO of the Severstal Group. "We look forward to being an integral part of Michigan's manufacturing team for many years to come."
Governor Granholm has taken a leading role among the nation's governors in emphasizing basic industry manufacturing jobs. Carl Valdiserri, retired Chairman and CEO of Rouge Industries Inc. said, "The alacrity with which Governor Granholm has worked to preserve manufacturing jobs in our great state is well documented, well-known and indisputable. She has walked her talk to outwork anybody and everybody when it comes to creating and saving manufacturing jobs in Michigan."
The dinner reception also celebrated OAO Severstal's acquisition of substantially all the assets of Rouge Industries Inc., including its primary operating subsidiary Rouge Steel Company, which was completed earlier in 2004. Severstal North America Inc. employs over 2,300 people at its Dearborn steelmaking facilities and headquarters.
About Severstal North America
Severstal North America, Inc. (SNA) is an integrated flat rolled sheet steel producer that primarily serves the automotive, converter and service center markets in North America. SNA employs approximately 2,100 employees in its manufacturing facilities and corporate offices located in Dearborn, Michigan. SNA is a wholly owned subsidiary of OAO Severstal, Russia's second largest steelmaker, and an affiliate of Severstal Group, a Russian-based conglomerate including metallurgy, mining, automobile manufacturing, machinery, transportation and other businesses. The Severstal Group employs approximately 150,000 people and operates more than 30 plants in across Russia, Europe and the United States.
