FRANCE: Usinor Announces Construction In Brazil to Serve Auto Industry in South America
As part of its worldwide strategy as a provider of comprehensive solutions to the automobile industry, Usinor will build of a new unit based in Sao Francisco do Sul (Santa Catarina State) in Brazil. Dofasco, Canadian leader in flat carbon steels, had announced it is entering into a Letter of Intent to acquire a 20% stake in this project. The Spanish group Corporacion Gestamp, specialized in steel service centers and stamping, and also present in Brazil and Argentina, will have a 10% stake in the project. Usinor already operates a joint-venture with the automobile oriented Dofasco in Ontario (Canada) to provide fast-growing markets in North America with galvanized products for the automobile industry.
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