ArcelorMittal Europe – Flat Products and Gonvarri Industries have signed a memorandum of understanding (MOU) to co-operate on reducing CO2 emissions and strengthening both companies’ sustainability performance in the automotive market.

Gonvarri Industries is a leading company in flat steel processing with annual production of around 5Mt of processed steel and a major customer of ArcelorMittal Europe – Flat Products.

The MOU was signed by Gonvarri Industries executive chairman Jon Riberas and ArcelorMittal Europe – Flat Products CEO Yves Koeberle, in Madrid. The agreement focuses on the two companies working on common sustainability projects, including the use of ArcelorMittal’s XCarb reduced and low-carbon products, as well as identifying ways to strengthen the circular economy both within and beyond the manufacturing and purchase of steel products.

''With this MOU signed with our main supplier and partner, our companies create an enhanced framework to advance the decarbonization of our processes and those of our customers.''

Jon Riberas, executive chairman of Gonvarri Industries

Jon Riberas, executive chairman of Gonvarri Industries, said: “With this MOU signed with our main supplier and partner, our companies create an enhanced framework to advance the decarbonization of our processes and those of our customers. We have a clear commitment with Gonvarri's stakeholders and the society, making our different sectors' activities and supply chains we are involved more sustainable, focused permanently in how to add value to our customers, pursuing the support to their decarbonization targets too”.

“The signing of the agreement with our valued customer and partner Gonvarri, is the culmination of months of collaboration, with the objective of further reducing CO2 emissions and exploring every opportunity we have to strengthen the sustainability of our businesses.’’

Yves Koeberle, CEO ArcelorMittal Europe – Flat Products

Speaking at the signing of the MOU in Madrid, Yves Koeberle, CEO ArcelorMittal Europe – Flat Products, said: “The signing of the agreement with our valued customer and partner Gonvarri, is the culmination of months of collaboration, with the objective of further reducing CO2 emissions and exploring every opportunity we have to strengthen the sustainability of our businesses.’’