October 08, 2008

Argentinan Aceros Zapla to invest USD 50 million

BNamericas reported that Argentine steel company Aceros Zapla, located in Jujuy province is wrapping up a USD 50 million investment plan that will allow it to optimize operations.

Mr Alfredo Hoyos union leader of Zapla told BNamericas that "A new electric furnace and a continuous caster have already been installed and a new rolling train is on the way. With the investments, we can stop worrying about the company's situation and we are encouraged by these concrete investments.”

Mr Sergio Taselli president of Zapla said that installation of the equipment is part of an investment plan that Zapla announced in September 2005, which will double specialty steel production.

Its current output is nearly 5,000 tonne per month.