ISMR November 2021 - Page 10


New officers and members for worldsteel

The Board of Members of the World Steel Association ( worldsteel ) has elected the following Executive Board of Directors for the 2021 / 2022 period . The individuals on the Executive Board of Directors will hold office for one year :
n Chairman : Sajjan Jindal , JSW Steel Limited . n Vice-Chairman : Yu Yong , HBIS Group Co ., Ltd . n Vice-Chairman : Jeong-Woo Choi , POSCO . n Treasurer : Mark Vassella , BlueScope Steel Limited . n Chairman of the International Stainless Steel Forum ( ISSF ): Timoteo Di Maulo , Aperam .
Sajjan Jindal addressed the Board of Members , thanking Dr Yu Yong for his capable chairmanship over the last two years , and welcoming addressing the challenges for the global industry going
forward , particularly with respect to climate change .
The Board of Members also elected the 2021 / 2022 Executive Committee , including Edwin Basson as Secretary of the World Steel Association ( worldsteel ). The Board of Members also welcomed steel producers Siam Yamato Steel Company Corporation ( SYS ) in Thailand ( represented by Damrongsak Jaturongpatana ) and SULB Company ( Bahrain ), represented by Ravi Singh , as regular members . Indian Iron & Steel Sector Skill Council ( IISSSC ), represented by Sushim Banerjee , was also welcomed as an affiliated member .
The World Steel Association ( worldsteel ) has members in every major steel-producing country . It represents steel producers , national and regional steel industry associations , and steel research institutes . Members represent around 85 % of global steel production . n

Green light for Bugatti Rimac

Porsche , Bugatti and Rimac are writing a new chapter in the history of the automotive industry . On 1 November 2021 , less than four months after it was first announced , one of the motoring world ’ s most exciting cooperation projects has started doing business under its new structure .
The Bugatti Rimac joint venture will be based in Sveta Nedelja ( Croatia ). Its CEO will be electric hypercar pioneer Mate Rimac , founder and CEO of Rimac Automobili . Porsche AG will play a major role as strategic partner . Porsche ’ s Chairman of the Executive Board , Oliver Blume , and Deputy Chairman and Member of the Executive Board responsible for Finance , Lutz Meschke , will both sit on the Supervisory Board .
Bugatti Rimac will be owned by the Rimac Group ( 55 per cent ) and Porsche AG ( 45 per cent ). Within the framework of the joint venture , Bugatti and Rimac Automobili will continue to operate as independent brands and manufacturers , and will retain their respective production sites in Zagreb ( Croatia ) and Molsheim ( France ), as well as their distribution channels .
Mate Rimac , new CEO of the Bugatti Rimac joint venture .
The current CEO of Bugatti , Stephan Winkelmann , stepped down from his position on 31 October 2021 to focus on his role as president of Lamborghini .
In addition to Mate Rimac , the new management team includes former production manager and co-managing director of Bugatti Automobiles , Christophe Piochon . Piochon will become Chief Operating Officer of the joint company . Production will continue at the longestablished site in Molsheim , Alsace . Larissa
Fleischer will be Chief Financial Officer . She was most recently director of controlling at Porsche for digitalisation and the development of new business models . Emilio Scervo , previously chief engineer
at McLaren , will take over the post of Chief Technology Officer .
Bugatti Rimac has its headquarters in Sveta Nedelja , near Zagreb . A move to the new Rimac campus , which is currently being built at a cost of € 200 million , is planned for 2023 . This will also be the location of Bugatti Rimac ’ s joint R & D facility . 2,500 people will work at the 200,000-square-metre site .
At the same time , all Bugatti models will continue to be produced at the factory in Molsheim . The jobs at this site are therefore protected for the long term . The Bugatti Rimac joint venture will start with about 435 employees ; about 300 based in Zagreb and approximately 135 in Molsheim . n
10 | sheetmetalplus . com | ISMR November 2021