The Brazilian AVB looks for investors for accumulation of capacities of sortoprokatny plant

The Brazilian company plans to increase Aco Verde do Brasil (AVB) of Ferroeste group from 730 thousand tons to 1,2 million t in a year of capacity of plant on production high-quality hire, reports agency to SteelOrbis. The enterprise is located in Açailândia in staff State of Maranhao in the west of Brazil. As representatives of companies specify, the project will demand investments of about $500 million. Present investors are not ready to provide these means therefore AVB concluded the agreement with UBS AG. It will help companies to find partners for implementation of the project. The Sortoprokatny plant is a part...