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ArcelorMittal signs a major deal to supply steel wire to French company

ArcelorMittal has its "most significant contract" to supply high-performance steel wire, a five-year deal with Technip, a French engineering company that specializes in offshore and onshore construction for the energy industry,

Business Wire reports that ArcelorMittal's site in Bourg-en-Bresse "is currently developing a partnership to supply highly-resistant steel to be used in the manufacturing of flexible sheaths for Technip. The site in Bourg-en-Bresse, Rhônes-Alpes region, France, a part of its Distribution Solutions division, will fabricate highly-resistant, semi-manufactured rolled products to be used on flexible sheaths for the development of ever deeper oil and gas fields worldwide, it said. The site, it said,. supplies Technip's manufacturing plants located in France, Brazil and Malaysia.

One reason the contract was won was due to the investment that ArcelorMittal has made, the story said. "The site's wire activities benefited from a €6 million investment over the past three years and gradually reinforced its production teams and technical capabilities," it said, adding that ArcelorMittal "will see a significant increase in its production to support the buoyant high-potential offshore exploitation market."

The project, the story said, includes a research and innovation contract that requires "development of new wire solutions to meet Technip's needs." It also shows "that the group and its French production sites can market ever better products to answer clients' requirements and challenges."This contract ... reinforces the industrial outlook of our site, which has managed, over the years, to become a benchmark in the high-end steel wire market thanks to the development of more and more efficient solutions," said Patrick Laudamy, managing director of ArcelorMittal's Bourg-en-Bresse site.

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