Thursday, December 3, 2009

NEWS Brazilian firm partners with Govt on Alutrint


Thursday, December 3rd 2009

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A Brazilian industrial group will join the Government of Trinidad and Tobago as its equity partner in Alutrint's aluminium smelter plant.

Votorantim Metais, the company which will sign the project agreement for the Alutrint smelter today, is the largest primary producer of aluminium in Brazil and is mainly focused on zinc and electrolytic nickel production in Latin America, the Ministry of Energy said in a statement yesterday.

In business since 1955, the company produces alumina from bauxite to the manufacture of primary auminium to downstream products.

These products include ingots, billets, slabs, floor plates, coils, rods and bars.

Earlier this year, Energy Minister Conrad Enill announced that theVenezuelan firm Sural had pulled out as a partner in the Alutrint smelter project.

The ministry said yesterday that in addition to the equity partnership, Votorantim Metais will work with Alutrint in the development of its downstream projects in the production of aluminium foil, sheets, cables, billets and rods.

The formal signing ceremony of the project agreement is scheduled to take place at the Hyatt Regency Trinidad hotel in Port of Spain today.

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