Villares Metals targets higher output, optimistic on 2007
Bnamericas Published: Wednesday, February 28, 2007
Brazilian specialty steel producer Villares Metals plans to expand finished products output to 84,000t this year from a record output of 79,000t in 2006, company president Franz Struzl told reporters on Tuesday. Villares Metals is due to launch operations this week at the new 50,000t/y rolling mill at its Sumaré city plant in São Paulo state, which required investments of 50mn euros (US$66.2mn) and will boost rolled products capacity by 40%. "The mill will operate at full capacity starting in 2008, as we have to ramp-up and go through a 10-month learning curve," Struzl explained during a press conference. The company foresees investments this year of 110mn reais (US$52.0mn), focusing on new equipment and capacity increases, he added. By comparison, disbursements totaled 152mn reais in 2006. Furthermore, the demand is looking positive for the coming year. "We are bullish about the market in 2007. There is a strong need for our products from the automobile industry," Villares Metals commercial director Herwig Petschenig said at the conference, adding the demand is also positive from the oil and gas industry. The Brazilian federal government's economic growth acceleration plan, PAC, could also boost sales this year, the director explained, as a large part of spending is likely to target the power sector. PAC aims to generate public and private investment of 504bn reais over four years. Austrian specialty and tool steel and materials group Böhler-Uddeholm acquired Villares Metals from Aços Villares in 2004.
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