CSN eyes overseas cement acquisitions

CSN eyes overseas cement acquisitions
Published: 13 August 2010

Brazilian steelmaker CSN plans to expand internationally could begin with the acquisition of foreign cement assets, IR executive director Paulo Penido said during a conference call on the company’s 2Q results.

CSN is looking at opportunities in the international market and is considering the purchase of assets in Europe or the US if prices are attractive, the executive said.

Acquisitions would also speed up CSN’s plans to boost cement output. The company’s installed capacity is currently at 2.8Mta.

By 2012, cement production is expected to reach 3.4Mt/y and will cover 5% of local demand, Penido said.

CSN plans to install three new cement units of approximately 1Mta each in the south, northeast and center-west regions of Brazil, in order to bring output up to 6.4Mt by 2015-16.