September 08, 2008

Votorantim starts steel plant construction at Resende in Brazil

Rusmet reported that Brazilian company Votorantim Metais has begun to build a metallurgical plant producing profiled iron with the capacity of 1 million tons per year at Resende in the state of Rio de Janeiro. The investments for the construction will make USD 518 million.

Votorantim Metais said that the realization of the project would allow increasing its capacities to 1.7 million ton per year in Brazil. The company exteds the capacities of the enterprise Barra Mansa from 500 till 700 tons per year.

Besides, the company posseses 52% of the shares of the company Paz del Río in Columbia. Votorantim Metais will be able to produce 2 million tons of metal products per year considering 300 thousand tons of the metallurgical plant in Columbia.