SAO PAULO (Reuters) - Steelmaker ArcelorMittal will invest some 1.3 billion reais ($250.51 million) to expand output at a plant located in the Brazilian state of Rio de Janeiro, it said on Thursday.
SAO PAULO (Reuters) – Steelmaker ArcelorMittal will invest some 1.3 billion reais ($250.51 million) to expand output at a plant located in the Brazilian state of Rio de Janeiro, it said on Thursday.
The investments are expected to happen over the next three years, the company said in a statement, adding that its Barra Mansa plant will get a new steel rolling machine with a capacity of 500,000 tonnes per year.
($1 = 5.1894 reais)
(Reporting by Alberto Alerigi Jr.; Writing by Gabriel Araujo)
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