• Categories
  • Archives

Complex in Brazil to Produce 7.5 Million Tons of Steel a Year

The state of Rio de Janeiro, in Brazil, will be the site of a steel complex with capacity to produce 4.4 million tons of steel during its first 12 months of operation.

The protocol of intentions for the construction of the complex, which will be located near the Port of Sepetiba, in the eastern region of the state, was signed, yesterday January 12, by governor Rosinha Matheus, the president of the German Thyssen-Krupp Stahl company, Karl Koehler, and the president of the Vale do Rio Doce Company, Roger Agnelli.


Work is slated to begin this year and should generate 8 thousand jobs. With investments of US$ 3.3 billion (9 billion reais), the complex will be formed of a steel mill (the CSA, Atlantic Steel Company), a thermoelectric plant, and an ocean terminal.


The first stage of the complex is expected to be inaugurated in 2008, and the second stage, in 2010.


The forecast is for three thousand direct jobs and 15 indirect ones to be created once the complex is ready.


When construction is concluded, annual production is expected to attain 7.5 million tons, beginning in 2010.


The yearly output of the National Steel Company (CSN), Brazil’s current leader in steel production and export, stands at around 5 million tons.


Translation: David Silberstein
Agência Brasil

Tags:

  • Show Comments (1)

  • Guest

    huh?
    say what?

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazilian Industry Expecting 3.2% GDP Growth for Brazil in 2005

Brazil’s National Confederation of Industry (CNI) revised the projections it made in March for ...

Signs of Fiscal Austerity Help Boost Brazil’s Stocks

Brazilian and Latin American stocks in general gained ground, as investors bought discounted shares ...

Foreign Tourists Spend US$ 1.5 Bi in Brazil While Brazilians Spend US$ 1.7 Bi Overseas

Foreign tourists spent US$ 1.5 billion from January to April this year in Brazil, ...

Brazilian Imports Keep Brisk Pace

In the third week of June, Brazil posted a trade surplus (positive balance) of ...

Brazilian Design with an Eye for the Ecologically Correct

Headquartered in Belo Horizonte, capital of the southeastern Brazilian state of Minas Gerais, CWT ...

Brazil Ready to Send Cancer Experts to Venezuela to Help Chavez

Dilma Rousseff, the president of Brazil, who had her own battle against cancer, offered ...

Former President Cardoso Says Brazil Lost Leadership in the Mercosur

Mercosur is agonizing and the situation could worsen if any of its members signs ...

Brazil’s Petrobras to Build 26 Oil Tankers and Create 32,000 Jobs

The arm of Brazilian oil giant Petrobras in the transportation sector, Transpetro, will sign ...

Brazil’s Agribusiness Exports Grow 13% to Almost US$ 6 Billion in August

Brazil's agribusiness export revenues in the month of August reached US$ 5.8 billion. The ...

Fading Hopes

Everything has gone wrong for Serra and Cardoso’s government in its last months of ...