204:. Under that plan, Dofasco would have retained its employee profit-sharing plan and placed in charge of all of ThyssenKrupp's North American operations. Arcelor raised its offer significantly, causing ThyssenKrupp to pull out, as further bidding would have downgraded its credit rating. Dofasco paid ThyssenKrupp a breakup fee of $ 215 million. Dofasco's board recommended the latest Arcelor offer of $ 71 per share in cash, worth an estimated $ 5.5 billion. While the breakup fee was criticized by some as excessive, most analysts otherwise praised President and CEO Donald A. Pether and the board of directors for their successful handling of the bidding situation.
223:, Dofasco is not unionized. As a result, Dofasco has avoided many of the strikes and work stoppages which have plagued its cross-town rival. Some investors complained that the profits should have been distributed to shareholders as a special dividend rather than giving workers larger bonuses, which was a factor in the underperforming stock price despite strong results. As of January 1, 2013, Dofasco (now a standalone subsidiary) reduced the benefits for both drug and dental and changed to a defined contribution pension plan for many of its employees.
177:
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131:(BOS), thus rendering former processes obsolete because, with respect to them, the same quantity of steel from a BOS process is manufactured in one-twelfth the time. Basic oxygen steelmaking is superior to previous steelmaking methods because the oxygen pumped into the furnace limited impurities, primarily nitrogen, that previously had entered from the air used.
331:
has called "one of the most clearly defined corporate images in the country." The slogan was created by
Hamilton-based Kelly Advertising, which has been the company's advertising agency since 1927. The slogan can also be seen as recognizing the importance of its workforce, as the company says it has
305:
In 2014, the company pleaded guilty to violating air quality standards in 2012 and paid violation and victim surcharge fines of approximately half a million dollars. In 2015, there was an accidental release of a large plume of iron oxide dust at the plant due to an instrument failure and
Dofasco has
211:. However, in an effort to prevent Dofasco from falling into ThyssenKrupp's hands, Arcelor management locked Dofasco into an independent trust based in the Netherlands. Dofasco is now part of the combined ArcelorMittal and has been integrated into their international operations.
27:
349:
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199:
Dofasco's
Canadian management initially didn't want to be taken over. After Arcelor initially presented a hostile bid of $ 56 per share, ThyssenKrupp and Dofasco signalled their intentions to enter into a
244:
Since 1937, Dofasco has annually held a large
Christmas party, typically featuring 30,000 guests and a 30-foot (9 m) tree. During the early years, the party was held in one of the large mill buildings on
156:
iron ore mines in
Northeastern Ontario until 1990 when Dofasco announced that they would be closing the mines. During the recession of the early 1990s, Dofasco made its first permanent layoffs since the
148:
In 1990, the world economy entered into recession. Dofasco lost $ 900 million in three years from 1991, in addition to the write-off of $ 700 million when it sold Algoma. Dofasco was the owner of the
192:, to purchase Dofasco. Analysts cited the strengths of Dofasco, including its non-unionized workforce, strong automotive customer base, unique thin, high-strength steel product, and ownership of a
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120:. Dofasco was incorporated as Dominion Steel Castings Company Limited in 1912, becoming Dominion Foundries and Steel Company in 1917.
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Since 1970, the company has used the same corporate slogan—"Our product is steel. Our strength is people."—to create what
127:
Frank H. Sherman (Frank A.'s son) introduced to
Dofasco and North America in 1954 the method of steel production known as
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a good relationship with its employees. For a short time, the slogan contained a third line: "Our home is
Hamilton."
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188:-based Arcelor, then the world's second-largest steel producer by volume, outbid rival German steel producer,
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145:, from 1988 to 1991, until union and financial difficulties ultimately forced Dofasco to divest the company.
297:.... But both firms have been cleaning up to meet the terms of a pollution control order imposed on them by
124:
opened in 1968 and closed in 1990. Its longtime nickname, "Dofasco," was adopted as its legal name in 1980.
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A Dofasco product—a railway locomotive bogie in New
Zealand—bears the company's name and country of origin.
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Steelmaking in Canada has long been associated with pollution. For example, in 1989, Dofasco and
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436:(Press release). Dow Jones Sustainability Group Index via Dofasco. 12 March 2000. Archived from
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998:
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406:"How my great-grandfather's Dofasco steel empire rose and fell, and his descendants with it"
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Dofasco's head office in
Hamilton was built in 1964 and was designed by Prack & Prack.
8:
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magazine, the only steelmaker to receive this honour. The most recent win came in 2020.
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Arcelor was itself three months later taken over by the world's largest steel producer,
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703:
Cold Steel: Lakshmi Mittal and the Multi-Billion-Dollar Battle for a Global
Industry
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230:, union negotiations at Stelco may have influenced wages and benefits at Dofasco.
116:
in 1912, creating a giant that would bring prosperity and identity to the city of
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Dofasco has won awards for being the "most sustainable manufacturing company" in
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253:. In 2010, the company moved the party to the company-owned recreation park.
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141:, a Hamilton-based railway freight car manufacturer, from 1962 to 1994, and
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622:"Despite new standards, high levels of carcinogens remain in Hamilton air"
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726:
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1100:
845:
579:"ArcelorMittal Dofasco fined after guilty pleas to 6 pollution charges"
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the harbour is getting cleaner and supports 58 known species of fish."
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185:
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While several unsuccessful attempts have been made to organize by the
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716:
758:
600:"Instrument failure causes air pollution incident at ArcelorMittal"
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Dofasco owned and operated a number of subsidiaries, including
97:
26:
89:
37:
666:"Hamilton's steel industry from birth, to boom and beyond"
265:
were listed among the "dirty dozen" polluters in Ontario:
350:"Hamilton Spectator: "The Greatest Hamiltonian". (II)"
16:
Canadian steel company and subsidiary of ArcelorMittal
434:"Dofasco Among World's Most Sustainable Companies"
1226:Hamilton-Wentworth Catholic District School Board
104:, the world's largest integrated steel producer.
1489:
563:Tom Spears (March 11, 1989). "The Dirty Dozen".
458:
456:
454:
978:Spencer Gorge/Webster's Falls Conservation Area
475:"Dofasco recommends acceptance of Arcelor bid"
269:"For many years Steeltown's two giants pumped
742:
451:
1426:John C. Munro Hamilton International Airport
700:
636:"The 1970s Landmark Canadian Advertisements"
463:Search - Global Edition - The New York Times
1508:Manufacturing companies established in 1912
545:ArcelorMittal - 2010 Family Christmas Party
249:. From 1993 to 2009, the party was held at
1513:Canadian subsidiaries of foreign companies
756:
749:
735:
562:
533:"Top Employer: ArcelorMittal Dofasco G.P."
378:"History of Industry in Hamilton, Ontario"
25:
494:"ThyssenKrupp goes to court over Dofasco"
372:
370:
1231:Hamilton-Wentworth District School Board
342:
316:
175:
100:. Dofasco is a standalone subsidiary of
717:ArcelorMittal Dofasco Corporate Website
556:
403:
1523:Canadian companies established in 1912
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367:
1096:List of tallest buildings in Hamilton
884:Toronto, Hamilton and Buffalo Railway
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112:Clifton and Frank A. Sherman founded
1503:Companies based in Hamilton, Ontario
404:Sherman, Zander (4 September 2019).
399:
397:
395:
393:
180:Dofasco, view from Burlington Street
1467:Hamilton–Brantford–Cambridge Trails
701:Bouquet, Tim; Ousey, Byron (2008).
642:. 28 September 1998. Archived from
214:
13:
1195:McMaster University Medical Centre
620:Carter, Adam (February 27, 2015).
491:
233:In 2007, Dofasco was named one of
14:
1534:
1299:Canadian Warplane Heritage Museum
953:Greater Toronto and Hamilton Area
710:
390:
312:
1200:St. Joseph's Healthcare Hamilton
757:
422:. Encyclopædia Britannica. 2007.
1324:List of Attractions in Hamilton
854:List of National Historic Sites
694:
657:
628:
613:
592:
571:
538:
525:
1518:1912 establishments in Ontario
1294:Canadian Football Hall of Fame
1241:Columbia International College
1128:Hamilton, Ontario City Council
705:. Little, Brown & Company.
507:
485:
467:
426:
412:
228:United Steelworkers of America
171:
1:
1236:Hillfield Strathallan College
335:
1190:McMaster Children's Hospital
664:Arnold, Steve (2012-02-11).
256:
114:Dominion Foundries and Steel
7:
1431:List of streets in Hamilton
1261:Redeemer University College
515:"TheSpec - The Dofasco Way"
10:
1539:
1359:Westfield Heritage Village
235:Canada's Top 100 Employers
107:
1498:Steel companies of Canada
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1367:
1354:Sports venues in Hamilton
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1246:McMaster Divinity College
1213:
1175:Hamilton General Hospital
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1141:
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1081:Film industry in Hamilton
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800:1930 British Empire Games
790:
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550:October 19, 2007, at the
408:. The Globe and Mail Inc.
71:
58:
43:
33:
24:
1457:Confederation Beach Park
1284:Around the Bay Road Race
1180:Juravinski Cancer Centre
1091:Head offices in Hamilton
1086:Hamilton Health Sciences
306:been working to address
129:basic oxygen steelmaking
1399:Hamilton Street Railway
1289:Art Gallery of Hamilton
1221:Hamilton Public Library
1154:Hamilton Police Service
1133:List of Hamilton Mayors
973:Royal Botanical Gardens
492:AP (26 December 2006).
1339:Power Play (TV series)
1304:Dundas Cactus Festival
820:Battle of Stoney Creek
670:The Hamilton Spectator
322:
303:
181:
62:1330 Burlington St E,
835:Grand Lodge of Canada
320:
267:
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86:ArcelorMittal Dofasco
1205:St. Peter's Hospital
1149:City of Hamilton EMS
859:List of royal visits
782:Notable Hamiltonians
567:. p. D1 and D5.
440:on 27 September 2007
420:Basic oxygen process
1421:Hamilton Bike Share
1314:Hamilton Tiger-Cats
1279:African Lion Safari
1251:McMaster University
1185:Juravinski Hospital
21:
1472:Mohawk Sports Park
1344:Sports in Hamilton
1319:Labour Day Classic
1123:Hamilton City Hall
968:Niagara Escarpment
928:List of waterfalls
879:Timeline of events
722:History of Dofasco
646:on 18 January 2006
640:Marketing Magazine
328:Marketing Magazine
323:
237:, as published in
182:
139:National Steel Car
19:
1485:
1484:
1329:Media in Hamilton
1309:Hamilton Bulldogs
983:Twenty Mile Creek
864:Studebaker Canada
815:Battlefield House
763:Hamilton, Ontario
271:liquid discharges
184:In January 2006,
118:Hamilton, Ontario
94:Hamilton, Ontario
92:company based in
83:
82:
65:Hamilton, Ontario
1530:
1392:Confederation GO
1170:Chedoke Hospital
1076:Economic history
958:Hamilton Harbour
948:Golden Horseshoe
943:Desjardins Canal
874:Thomas McQuesten
810:Bank of Hamilton
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215:Labour relations
159:Great Depression
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602:. 27 May 2015
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481:. 2006-01-24.
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356:on 2007-09-27
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1271:Culture
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