Concremat Will Build Vale and Chinese CCCC Plant in Pará

Partnership Between Vale and the Chinese, Controllers of Concremat, Will Build R$ 1.5 Billion Venture in Marabá, Southeastern Pará.

Yesterday (05/23), the kickoff was given for the construction of a flat steel mill in Marabá, in the state of Pará.
At a meeting in the late afternoon, the protocol of understanding for the construction of the plant was signed, attended by Vale’s president, Eduardo Bartolomeo, Concremat’s president, Mauro Viegas Neto, as well as the governor of Pará, Helder Barbalho (MDB).

The venture has expected investments around R$ 1.5 billion and is a partnership between the Chinese engineering and construction group China Communications Construction Company (CCCC) and Vale.
The Chinese company controls Concremat after acquiring 80% of the Brazilian company in 2016 for R$ 350 million.

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Concremat will be responsible for the execution of the works, and Vale for the financial viability of the project that will be developed jointly by CCCC and Concremat.

The steel mill will have the capacity to produce 300,000 tons per year of laminated steel that should be sold in the domestic market, and according to the governor of Pará, Helder Barbalho (MDB), the executive project and licensing process should be completed by 2020, and the works will begin shortly thereafter.

Old Dream

The dream of the state of Pará to have its own plant has been around for a long time; the plant was even announced by the then president of Brazil, Luiz Inácio Lula da Silva, and the then president of Vale, Roger Agnelli, and was to be called Aços Laminados do Pará (Alpa), but the project did not move forward.

The state of Pará holds the Carajás reserve and has always been waiting, like the states of Maranhão, Espírito Santo, and Minas Gerais, for investments from Vale, which is a strong job creator in these states where it operates.
CCCC owns 51% of the construction project for a port terminal in Maranhão along with WTorre and is interested in participating in port and railway projects in Brazil.

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