Aditya wants Mittal Steel to produce 100MT/yr

Aditya Mittal, president and chief financial officer of  Mittal Steel, the world's largest steel producer, wants the company's annual output to reach 100 million tonne.

28-year-old Aditya who has played a crucial role in boosting the group's annual output from 15 million tonne to 62 million tonne told a new magazine Success 2005: "My ambition is to make Mittal Steel the first steel company in the world to produce 100 million tonne a year."

Aditya, son of steel tycoon Lakshmi Mittal, said "output has grown four times under my leadership, which, for me, provides the greatest satisfaction."

Mittal Steel was formed last year following its latest acquisitions in America.

The company has become so big in the US alone that "one-third of all the car bumpers in the US comes from our steel. Our plant is in Chicago, a massive steel town. We are the largest at Ford, the largest at Honda."

Aditya is one of 237 people, all aged below 40, chosen to attend the Forum of Young Global Leaders in Zermatt, Switzerland, from June 24 to 28.

According to Lakshmi Mittal, chairman of Mittal Steel, his company has plans for India. "We have India very much on our radar screen - we are looking for opportunities," he said recently.

The Wall Street Journal recently called him the "Andrew Carnegie of the brave new world in the global steel industry".  Carnegie was the Scottish father of the business.