Techint Plans up to $15bn Rio Pipe Plant

Techint Plans up to $15bn Rio Pipe Plant

Bonds Corporate & Sovereign Strategy

Global pipemaker Techint plans to build a multiple part steel complex in the state of Rio de Janeiro, Joaquim Levy, the state’s finance minister, tells LatinFinance. Levy, who has been speaking with Techint CEO Paolo Rocca, says the Argentina-based firm is eager to invest in Brazil. The cost of the plant is estimated at least $10bn, and as much as $15bn. The site of the planned facility, which will produce among other things steel pipes for oil and gas transmission to be used by Petrobras, is on

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