ArcelorMittal Announces Investment in Costa RicaBekaert 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. Source: CentralAmericaData.COM ¿Busca soluciones de inteligencia comercial para su empresa?Protectionism vs. Free MarketDecember 2018 In Costa Rica, the government's decision to reject ArcelorMittal's request to raise the import tax on steel rods generated such a conflict that the company assured that "it has no incentive to keep its production in the country." Controversy Over Steel Rod Import Tariff ContinuesNovember 2018 In Costa Rica, importing companies are against the ArcelorMittal proposal, which consists of raising the steel rod income tax from 1% to 15%. Controversy Over Steel Rod Import TariffMay 2018 ArcelorMittal has requested the restoration of a 15% import duty on steel rods, arguing that "the vast majority of these imports enter the country without paying taxes, taking advantage of a legal loophole". New Steel Fiber Plant in Costa RicaDecember 2013 The Bekaert Group has bought the majority of shares of ArcelorMittal in Costa Rica and will invest $20 million in a plant for the manufacture of steel cables in Orotina.
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