Tag Brazil

Brazil’s CSN plans cement asset sales to cut debt

CSN ArcosPlant

CSN (Companhia Siderúrgica Nacional), Brazil’s major steelmaker announced the divestment of major non-core assets to cut increasing debts and to allow capital restructuring. The company has struggled in recent years with an elevated debt load of R57.3 trillion in 3.Q…

Votorantim upgrades 2 cement plants in Brazil

Votorantim Nobres

Votorantim Cimentos announced plans to invest BRL330m (US$60m) to expand and modernize its Nobres and Cuiabá cement plants in Mato Grosso, Brazil. At Nobres (photo), a new cement mill will boost capacity by 60% from 0.75 to 1.2 Mta. The…