Old Ford Factory in São Paulo to Be Sold to CSN for Relocation of Prada Can Factory

Written by Roberta Souza

Published on 19/03/2023 at 09:32

Updated on 19/03/2023 at 11:40

Foto: Reprodução adaptada CNN

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The Value Of The Agreement Between Ford And CSN For The Sale Of The Land In São Paulo Has Not Yet Been Disclosed

CSN (Companhia Siderúrgica Nacional) announced the signing of a memorandum of understanding to celebrate the sale of half of a plot of land in Taubaté, São Paulo, where an old Ford engine factory used to operate, according to Money Times.

The sale of the land in São Paulo is being negotiated between CSN and São José Desenvolvimento Imobiliário, where the purchase price of the factory has not been disclosed, following inquiries made by the CVM to the steel company.

The purchase of the land used by Ford in São Paulo aims to relocate a canning factory of the Prada group, according to CSN.

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As communicated by the company: “The consummation of the deal is still subject to several conditions, such as the respective approval by the Administrative Council for Economic Defense (Cade), and the installation of Prada on the property still depends on obtaining authorizations from state and municipal authorities.”

The business of coating boxes, steel materials, and cans from Prada in São Paulo accounts for approximately 2% of CSN’s consolidated revenue.

Get To Know The CSN Group

More About Factories In São Paulo: Factory That Was On Nestlé Will Receive Investment Of R$ 50 Million By Cargill In The Interior Of São Paulo

Cargill is a private American multinational company engaged in food production and processing. The company recently announced plans to invest R$ 50 million by the end of 2024 to expand its Porto Ferreira factory’s production by 70%. The unit has been producing chocolates for the industry, food service, and artisan market since 2007.

With the expansion of its production in São Paulo, Cargill’s factory will be able to meet the growing demand of the industrial sector and promote a greater market share for the company in the chocolate market. According to Valor Econômico, the American multinational did not disclose the current or future production capacity of the factory or its market share. Check out this article in full by clicking here.

Old Ford Factory in São Paulo to Be Sold to CSN for Relocation of Prada Can Factory

The Value Of The Agreement Between Ford And CSN For The Sale Of The Land In São Paulo Has Not Yet Been Disclosed

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Get To Know The CSN Group

More About Factories In São Paulo: Factory That Was On Nestlé Will Receive Investment Of R$ 50 Million By Cargill In The Interior Of São Paulo

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Old Ford Factory in São Paulo to Be Sold to CSN for Relocation of Prada Can Factory

The Value Of The Agreement Between Ford And CSN For The Sale Of The Land In São Paulo Has Not Yet Been Disclosed

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