Japans Metal One Corp. and Shibaura Group have agreed to
set up a heavy plate processing joint venture in Brazil.
Metal One Shibaura
Brasil Ltda.s São Paulo plant is expected to begin
operations in April 2014, producing 1,000 tonnes per month of
cut heavy plate mainly for use in the manufacture of
The two steel trading
companies noted that Brazil is undergoing a massive
construction and infrastructure boom that they want to tap
into. The country is hosting the Fifa World Cup in 2014 and the
Olympic Games in 2016. Additionally, São Paulo is
bidding to host the World Expo in 2020, and Brazil will
celebrate its 200th independence in 2022.
The plant will become Metal Ones fourth overseas heavy
plate processing unit and Shibauras second.
A version of this
article was first published in AMM sister publication Steel