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|Vale Studying Acquisition Of Additional Stake In CSA|
Brazilian Vale announced July 3 that by the invitation of ThyssenbKrupp AG it is discussing acquisition of an additional stake in ThyssenKrupp CSA Siderúrgica do Atlântico Ltda (CSA), a joint venture with this German company that holds an approximately 90% of majority stake in CSA.|
CSA is advancing construction of a 5.0-Mt/a integrated steel slab manufacturing plant in the state of Rio de Janeiro, Brazil, with operation scheduled to start at the end of 2009. Production from this plant will be destined for ThyssenKrupp Group's production facilities in the USA and Germany as raw materials for further processing.
Around 40% of the slabs produced in Brazil are to be shipped to Germany for processing into high-quality finished products for demanding customers. The investment projects to facilitate slab handling at Walsum port and increase capacity at four hot-dip coating lines have been completed.
Hot- and cold-rolling and coating lines in Alabama, the USA are expected to come into operation in the spring of 2010. Total hot-rolling capacity will be over 5 million tons per annum.
|last modified : Fri 10 Jul, 2009 [11:16]|