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From ThyssenKrupp Press Release:
“An important milestone in ThyssenKrupp’s global growth strategy is now ready for ramp-up,” said Dr.Ekkehard Schulz, Executive Board Chairman of ThyssenKrupp AG, today (June 18, 2010) at the opening ceremony of the ThyssenKrupp CSA Siderúrgica do Atlântico steel mill in Santa Cruz, Brazil. Among the roughly 1,500 guests – including over 1,000 employees – were the Brazilian President Luiz Inacio Lula da Silva, the Governor of the State of Rio de Janeiro, Sergio Cabral, and the CEO of Vale, Roger Agnelli. Vale is a co-owner of ThyssenKrupp CSA with a 26.87 percent stake.
“Despite the global crisis, we stuck to our plans for our two major projects in Brazil and Alabama, where the slabs produced here will be further processed. We were always sure we had made the right decision. We want to not just maintain but expand our leading position in the global market for high-quality flat-rolled carbon steel,” continued Dr. Schulz. He promised that ThyssenKrupp will be a good neighbor in Santa Cruz.
President Lula expressed his belief that ThyssenKrupp’s investment will benefit the Brazilian economy over the long term, pointing to ThyssenKrupp’s 200-year history in Germany and the company’s involvement in Brazil going back to 1837. Governor Cabral highlighted the significance for jobs in Rio de Janeiro state.
During the construction phase more than 30,000 people were employed on the construction site. When the steel mill is in operation, the company will provide 3,500 jobs, which will mostly be filled by Brazilian employees. The number of indirect jobs created by the investment is expected to be four times as high.
Cabral said: “ThyssenKrupp CSA is an investment of which the State of Rio de Janeiro can be proud. It is a demonstration of confidence in the Brazilian people and in the country, in addition to being a strategic investment. Rio de Janeiro is transforming itself into a national and international steel-making hub, and ThyssenKrupp CSA is making an extraordinary contribution to this process. ThyssenKrupp and Vale are two major companies with well-earned reputations for excellence in their fields of activity and, together, will bring prosperity and economic growth to Brazil”. |