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Article: Minorco Subsidiary and Albright & Wilson in Brazilian Joint Venture
- Article from:
- PR Newswire
- Article date:
- December 2, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. 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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LUXEMBOURG, Dec. 2 /PRNewswire/ -- Minorco's 73%-held subsidiary, Copebras S.A. and Albright & Wilson plc have signed a Letter of Intent to form a joint venture based in Brazil to supply the growing phosphate markets in Chile and the Mercosur, the trading bloc established by Brazil, Argentina, Paraguay and Uruguay.
Owned 50% by each partner, the joint venture will combine the local market presence and assets of Copebras with the technology and global network of Albright & Wilson to build a technical phosphates plant, with an annual capacity of 90,000 tonnes, alongside Copebras' existing facilities in Cubatao, Brazil. The partnership should be finalized during ...