Italian steel tube maker to invest in Brazil

Wednesday, 27 August 2014 01:55:40 (GMT+3)   |   Sao Paulo
       

Italian steel tube maker Riveco GeneralSider plans to invest up to BRL 110 million ($48.4 million) in Brazil, according to media reports, which also said  the company would build its first steel tube unit in the country by 2015.

Out of the total investments the company plans to make in Brazil, about BRL 73 million ($32 million) will be used in the steel tube plant.


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