Brazil: CVRD focus in mining & logistics.

South American Business Information, February, 2000

CVRD (Companhia Vale do Rio Doce), will invest in mining and logistics (ports and railroads), and shall also sell its assets in otherindustries. The company can sell its participation in steel, paper and wood pulp companies. The steel industry represents 13% of the CVRD's turnover, and the paper and wood pulp, 8%. The company shall sell its participation in CSN (10.33%), Usiminas (11.46%), and A=E7ominas (2.28%), maintaining its 22.85% of CST (Companhia Siderurgica de Tubarao). Last year (1999), CVRD signed with CST a supplying agreement for 10 year of more than US$1bil. The CVRD's steeling company Albras also signed, with the Norwegian Norsk Hidro, a US$1.5bil agreement. CVRD do not intend to sell its iron ores, railroads and ports, representing 58% of the business and...

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