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Article: Brazil: Acos Villares enters pig iron market.
- Article from:
- South American Business Information
- Article date:
- November 26, 2004
CopyrightCOPYRIGHT 2004 COMTEX News Network, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Brazil, Nov 26, 2004 (Gazeta Mercantil/SABI via COMTEX)
Acos Villares, controlled by the Spanish group Sidenor, will invest R$35mil resources in the acquisition of 10% of the stock capital of Tecno-Logos and the construction of a pig iron plant that may be based in Ponta de Ubu, Espirito Santo state. Acos Villares, the largest Brazilian non flat special steel (for the mechanical construction industry) and steel rolled cylinder manufacturer, will own 49% of the stock capital and total capital of Tecno-Logos. The Ponta de Ubu unit will be the first Brazilian ...