Global metals award for Liberty’s Sanjeev Gupta
Liberty House chairman Sanjeev Gupta was named “CEO of the Year” at the S&P Global Platts Global Metals Awards event in London.world Updated: May 20, 2017 00:08 IST
Sanjeev Gupta, chairman of the international industrials and metals group Liberty House that recently acquired some UK assets of Tata Steel, has been awarded a global metals award.
Gupta received the title “CEO of the Year” at the S&P Global Platts Global Metals Awards event here on Thursday evening that was attended by senior industry figures from across the world. He was chosen from a shortlist of ten top metals industry executives who lead prominent businesses in Europe, Asia, North America and Australia.
In the past 18 months, Gupta invested more than £500 million to acquire and turn around metals, energy and engineering operations across the UK, saving more than 5,000 jobs in the process. He has subsequently pursued mining and metals assets in the US and Australia.
“Since mid-2015, Liberty has moved from being largely a trading entity to become one of the UK’s largest industrial employers and owner of the country’s last aluminium smelter, its largest steel plate mill and largest scrap melting capacity,” a Liberty House statement said.
The group recently completed the acquisition of Tata’s speciality steels business – now Liberty Speciality Steels - which supplies high-value steels to automotive, aerospace, industrial and energy clients worldwide.
Gupta applied the “greensteel” business model designed to secure a competitive, low-carbon future for metal manufacture through recycling, use of renewable energy and vertical integration with value-added engineering activities.
Commenting on the award, he said: “This has been an extraordinary period for our group as we pursue our Greensteel vision for a resilient, high-value metals industry. It is hugely encouraging for our work to be recognised in this way by our peers in the industry.”
First Published: May 19, 2017 17:45 IST