07/10/2019 11h50

CSN to invest R$ 1.5 billion in new plant with the support from InvestSP

Investment will be made for the construction of a new galvanized steel production line


On Thursday, June 6, Companhia Siderúrgica Nacional (CSN) announced that it will invest R$ 1.5 billion in a galvanized steel rolling mill in the State of São Paulo. With a production capacity of 350,000 tons per year, the production will mainly serve the automotive and white goods market. Approximately 400 new direct jobs will be created at the unit, which is expected to start operating in three years.

The announcement was made at Palácio dos Bandeirantes, with the presence of the governor, João Doria, the CEO of CSN, Benjamin Steinbruch, the secretary of economic development, Patricia Ellen, and the president of InvestSP, Wilson Mello.

InvestSP will provide support to help locate the areas that can receive the unit, as well as advice on infrastructure and environmental matters throughout the project. For Wilson Mello, the investment shows the feasibility for the policy of the development centers to strengthen. “The investment will rely on the full support from InvestSP and will be carried out at the metal-metallurgical center of the state. This will increase the competitiveness of companies that use steel as a supply in their activity.”

“It is a significant investment and is already the first achievement of this program of the development centers. Several times throughout this year, we will the opportunity to make announcements,” said Governor João Doria. “I reinforce that CSN is one of the largest steel groups in the world, being present in 18 Brazilian states, Germany and Portugal,” he commented on the investment announced.

“Today, we are looking for competitiveness from all sides, so having a center where you can converge with logistics and cost reduction is vital to enable an integrated production of the sector,” said the CEO of CSN, Benjamin Steinbruch. “The centers have the convergence not only of the big clients, but also of those who are part of the chain. The closer you are, the better,” he said.

The purpose of development centers is to foster and promote an increase in the industry’s productivity, attracting investments, boosting innovation and the generation of jobs and income, optimizing in the same geographical region public policies that directly or indirectly impact the production sector.