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07.01.08
» BNDES signs off R$ 539m financing for expansion of Siderúrgica Barra Mansa (RJ)
BNDES approved a R$ 539,7 million financing for Siderúrgica Barra Mansa, belonging to Grupo Votorantim, to implement its Unit II, in the city of Resende, in Rio de Janeiro, capable of producing 1 million tons of long steel per year. The loan corresponds to 45% of the total amount invested: R$ 1.2 bi. The new project will generate 700 new direct jobs.
The project financed by the Bank will allow the steel company to achieve state-of-the-art level in terms of technology. Commonly called mini mill, the new semi-integrated plant will produce steel using an electric furnace based on scrap iron and pig iron, delivering continuous billet casting, wire rod and iron rods for civil construction.
In order to provide proper qualification to the personnel intended to work in the operation of the new plant in Resende, the company, together with SENAI-RJ, will develop several training and specialization projects focused on workforce, and trainee and internship programs. Estimate investments for this project may reach R$ 3.6 million, involving welding, maintenance, steelmaking, rolling, logistics, and others.
Siderúrgica de Barra Mansa has been improving its production processes since 2002, when it completed the upgrades in rod and bar rollers. From 2003 to 2006, the company constructed a new line of continuous casting, introduced the production of new products, such as screens and lattices. In 2007, the steel business unit of Votorantim Metais acquired the shareholding control of Acerías Paz Del Rio, in Colombia.
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