Business Services Industry
Brazil: Thyssen joins Vale to erect US$1.5bil iron mill.
South American Business Information, November, 2004
Brazil, Nov 30, 2004 (Valor Economico /SABI via COMTEX)
The investment that the German group ThyssenKrupp Steel is negotiating with the Brazilian CVRD (Companhia Vale do Rio Doce) to construct a big flat steel plant will be in Itaguai (Rio de Janeiro). Estimated at US$1.5bil the mill will be established through a j.v. The plant will have a capacity of 4.4mil m tons per year placing it as one of the largest of Brazil. The facility - 50/50 basis - starts up in 2007 or 2008 and production will be basically directed at exports to the Nafta (US, Canada and Mexico) and Europe.
Copyright (c) 2004, South American Business Information, All rights reserved.
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