Posted in | News | Ferrous Alloys and Metals | Business | Iron and Steel

ArcelorMittal Acquired Total Control of Costa Ricas Only Long Carbon Steel Player

Feb 4 2008

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ArcelorMittal, the world's largest steel company, announces today that it has acquired from Clarion Del Norte (Pujol Group) the remaining 50% stake of Laminadora Costarricense S/A and Trefileria Colima S/A, which constitute the only long carbon steel player in Costa Rica.

The other 50% stake is already owned by ArcelorMittal Brasil.

Laminadora Costarricense S/A has a rolled products capacity of 400,000 tonnes/year of Rebars and MBQ (merchant bar quality), and Trefileria Colima S/A has a wire products capacity of 60,000 tonnes/year. Both entities employ around 400 people, and mainly serve the construction market in Central America and the Caribbean

Posted February 4th , 2008

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