THE EUROPEAN Investment Bank is lending Euro 58 million, (US$50 million), to Vega do Sul S.A., to build a cold-rolling and hot-dip galvanizing plant in São Fernando do Sul, in the state of Santa Catarina, in southern Brazil. The mill will supply the car manufacturing industry in Brazil and its Mercosul trading partners, where European and north American owned companies have been boosting their capacity and have an increased demand for high quality galvanised sheet, which is increasingly exceeding local supplies. Vega do Sul is to be one of ...

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