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Article: Chile: Steel manufacturing in crisis.
- Article from:
- South American Business Information
- Article date:
- October 29, 2001
CopyrightCOPYRIGHT 2001 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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Chile, Oct 23, 2001
Siderurgica Huachipato -subsidiary of CAP (Compania Aceros del Pacifico)- terminated work agreements with 300 contractors in order to minimize the consequences of the general crisis affecting the Chilean steel industry. Huachipato supplies 60% to 70% of national steel consumption and during the last decade invested US$700mil for technological development. Earlier this year, in order to avoid laying ...
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