CSN Negotiates Purchase of New Cement Factory in Paraíba State

Written by Roberta Souza

Published on 09/06/2021 at 18:34

Cimento da CSN/ Fonte: Destaque Notícias

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CSN Confirmed on Wednesday That It Is Negotiating the Acquisition of Elizabeth Cimento, a Cement Factory in the State of Paraíba

The President of CSN, Benjamin Steinbruch, confirmed on Wednesday that he is negotiating the purchase of Elizabeth Cimento, owned by the Farallon fund, a cement factory in the state of Paraíba. The deal may vary from US$ 200 million to 250 million, according to information from the newspaper Valor Econômico. See also: One of the largest exporters of iron ore in Brazil, CSN Mineração is hiring technicians, mechanics, apprentices, and more, for job openings in MG, RJ, SP, and PR

About the Purchase of the New Cement Factory by CSN

Steinbruch, CSN’s president, said that he will keep the market informed about any developments regarding this matter. CSN’s management also stated that there is currently no binding document for the acquisition.

According to market experts, the acquisition is considered strategic for CSN’s cement division, which plans to go public on B3, the São Paulo stock exchange. The company has already registered its initial public offering (IPO) with the CVM, the capital markets authority.

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With the loan from CSN Mineração, the company promises to invest in improvements in the mining industry and, mainly, in the expansion of operations at the Casa de Pedra mine, in the hope that new jobs will be created.

The company also announced new investments for changes in its tailings filtration, in order to ensure the quality of iron ore supply for its Japanese customers.

CSN Negotiates Purchase of New Cement Factory in Paraíba State

CSN Confirmed on Wednesday That It Is Negotiating the Acquisition of Elizabeth Cimento, a Cement Factory in the State of Paraíba

About the Purchase of the New Cement Factory by CSN

See Also: CSN Mineração Signs Contract with Eight Banks for Investment in the Largest Steel Complex in Minas Gerais, and Job Recovery Is Expected

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CSN Negotiates Purchase of New Cement Factory in Paraíba State

CSN Confirmed on Wednesday That It Is Negotiating the Acquisition of Elizabeth Cimento, a Cement Factory in the State of Paraíba

About the Purchase of the New Cement Factory by CSN

See Also: CSN Mineração Signs Contract with Eight Banks for Investment in the Largest Steel Complex in Minas Gerais, and Job Recovery Is Expected

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