July 25, 2008

CSN to invest USD 2.3 billion in logistics

It is reported that Brazilian steelmaker CSN is planning to invest USD 2.3 billion over the next five years to expand its logistics operations in the Rio de Janeiro port of Iagatuai.

CSN in a statement said that the money will go to extending container terminals and creating a logistics support center and a private port to be named Lago da Pedra.

Mr Davi Emery Cade company's logistics director said that “The investment is aimed at making the facility one of the most modern in the country.”