Fortescue Metals Group: Becoming \"The new Force in Iron Ore\" Case Solution
In 2003, Andrew Forrest prepared to get in the iron ore market, which was extremely capital extensive, combining, and controlled by 3 business. Under 5 years later on, his start-up, Fortescue Metals Group, packed its very first ore onto a ship bound for China. In those 5 years, the Western Australia business raised more than US$ 2.5 billion, got much more than 1 billion metric lots of iron ore books, constructed a mine and developing center, 256 km of train, and a port for big ore-carrying ships. Fortescue paid in its very first complete year of manufacturing, and broadening its capability. This case explains Fortescue's early years, the difficulties the business dealt with, and the methods it satisfied those difficulties. It likewise explains difficulties dealing with the business in October 2010, as it seek to the future.
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