ArcelorMittal Announces Investment in Costa Rica  

Bekaert and ArcelorMittal will be investing $20 million in a new plant for steel fibers to produce 20 thousand tons a year.

Thursday, May 8, 2014

As part of a share restructuring process, looking for a new business configuration in Latin America, partners of ArcelorMittal, the global steel and mining company and Bekaert, a leader in the transformation of steel wire, have announced the installation of a new plant for the steel fiber Dramix ®, with plans to begin production in the second quarter of 2014.

According to a statement by ArcelorMittal "In Costa Rica, where ArcelorMittal leads the market with a production of 370 thousand tons of steel per year for construction, agriculture and manufacturing, the agreement involves the business of steel fibers including a new ... steel fiber Dramix plant which would start operations in the second quarter of 2014. "

"#This new business configuration in Latin America opens new opportunities for Bekaert and ArcelorMittal,' said Augusto Espeschit de Almeida, President of Belgo Bekaert Arames (BBA) , the Brazilian subsidiary of the groups."

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