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Partnership between Vale and the Chinese, controllers of Concremat, will build a BRL 1,5 billion project in Marabá, southeast of Pará.
Yesterday (23/05), the start was given for the construction of a flat steel rolling mill in Marabá, in the state of Pará.
In a meeting in the late afternoon, the protocol of understanding for the construction of the plant was signed, attended by the presidents of Vale, Eduardo Bartolomeo, of Concremat, Mauro Viegas Neto, in addition to the governor of Pará, Helder Barbalho (MDB).
The venture has expected investments of 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 executing the works and Vale for the financial viability of the project that will be jointly developed by CCCC and Concremat.
The steelworks will have the capacity to manufacture 300 thousand tons per year of laminated steel that should be sold on the domestic market and according to the governor of Pará, Helder Barbalho (MDB), the executive project and the 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 comes from a long time ago, the plant was even announced by the president of Brazil at the time, Luiz Inácio Lula da Silva and by the then president of Vale, Roger Agnelli, which would be called Aços Laminados do Pará (Alpa), but the project did not go ahead.
The state of Pará owns the Carajás reserve and is always waiting, as well as the states of Maranhão, Espírito Santo and Minas Gerais, for investments by Vale, which is a strong generator of jobs in those 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.
