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News CSN Cimentos begins operating as independent company

CSN Cimentos begins operating as independent company

Written by Global Cement staff 02 February 2021
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Brazil: Companhia Siderurgica Nacional (CSN) subsidiary CSN Cimentos began operating as an independent company on 1 February 2021. The Valor Economico newspaper has reported that the move is a preliminary to a likely future initial public offering (IPO) in the near-term although no date has been set yet. Under the same strategy, sister company CSN Mineracao is due to launch its IPO of US$1bn on 18 February 2021.

The 4.7Mt/yr-cement capacity producer operates two integrated plants and it is planning an 8.6Mt/yr expansion consisting of an upgrade to its Arcos plant and three new cement plants at Para, Parana and Sergipe respectively.

Last modified on 03 February 2021
Published in Global Cement News
Tagged under
  • Brazil
  • CSN Cimentos
  • Companhia Siderúrgica Nacional
  • IPO
  • corporate
  • Plant
  • Upgrade
  • GCW491

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