Economy. Le Creusot: Industeel officially on sale

Economy. Le Creusot: Industeel officially on sale
Economy. Le Creusot: Industeel officially on sale

The rumor of a sale of Industeel, a 100% subsidiary of ArcelorMittal, had been running for two days following the indiscretion of a Belgian trade unionist. “This rumor was well founded. This Friday morning in the central social and economic committee of Industeel France, and in the central committee of Industeel Belgium, this was confirmed to us”, explains Mathieu Charbonnier, CFDT Industeel Creusot union delegate and Industeel France union representative .

“ArcelorMittal is effectively looking for financial partners or new shareholders. This means that the whole of the company, in Belgium as in France, is for sale”, detailed the representative of the personnel of Crucotin before moderating: “You should know that ‘a sale is not necessarily synonymous with bad news, that it does not necessarily constitute a disaster although indeed, the financial situation of Industeel France is deteriorated “.

What motivates ArcelorMittal to sell its subsidiary? “A change of strategy”, replies the trade unionist. Which ? “I cannot say more at the moment. An official communication should be made quickly by the management, Monday at the latest.”

When does ArcelorMittal wish to separate from its subsidiary? “I can’t say that either. We are concerned that giving too much information will scare our customers away. What you need to know is that if Industeel goes up for sale, there are no known buyers. for now. And maybe this sale will not even succeed, “advances Mathieu Charbonnier before admitting that the unions had committed themselves to management not to communicate on their own initiative, no more internally than externally.

Industeel France (1,100 employees), headquartered in Saint-Denis (Seine-Saint-Denis), is made up of the workshops of Creusot (800 employees), Chateauneuf and Saint-Chamond (Loire). Industeel Belgium has 1000 employees in Charleroi.


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