Brazil opens largest private sector investment in 15 years

By Anna N / / 1 comment

The mill, which is located in a suburb of Rio de Janeiro, cost 6.5 billion US dollars, the largest privates-sector investment in Brazil in 15 years, and is jointly owned by ThyssenKrupp (73.13%) and Vale (26.87%).

It will reach its full capacity of 5 million metric tons of slabs within three to four years, with 3 million metric tons destined for ThyssenKrupp’s carbon steel operation in Alabama and 2 million to the company’s European plants. It is forecasted to increase Brazilian steel exports by 40%.

“The mill will reach full capacity just at the time when US and European demand recovers” said Schulz.

http://en.mercopress.com/2010/06/19/brazil-opens-steel-mill-largest-private-sector-investment-in-15-years

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