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Encyclopedia > Acesita

Acesita S.A. is a major Brazilian manufacturer of specialty steels headquartered in Belo Horizonte, Minas Gerais. The company is a supplier of stainless, silicon and special carbon steels. Acesita's steel market share in Brazil is estimated to be 90%, and it is the only stainless steel maker in South America. Acesita's main plant, at Timóteo in Minas Gerais, has an installed production capacity is 850,000 tons of steel per year. The company also mines iron ore. Acesita was founded in the 1940s, and got into the stainless steel business in the late 1970s. It was privatised by the Brazilian government in 1992. The French steel maker Usinor, now part of Arcelor, took a controlling stake in Acesita 1998. Acesita's stock is traded on Bovespa, where it is part of the Ibovespa index. Image File history File links File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Image File history File links File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... Belo Horizonte (a Portuguese name meaning beautiful horizon) is among the most important cities in Brazil. ... Minas Gerais is one of the states of Brazil, the second most populous in the federation. ... Steel framework Steel is a metal alloy whose major component is iron, with carbon being the primary alloying material. ... In metallurgy, stainless steel is defined[1] as a ferrous alloy with a minimum of 10. ... South America South America is a continent crossed by the equator, with most of its area in the Southern Hemisphere. ... Privatization (sometimes privatisation, denationalization, or, especially in India, disinvestment) is the process of transferring property, from public ownership to private ownership and/or transferring the management of a service or activity from the government to the private sector. ... Arcelor is the worlds largest steel producer in terms of turnover and the second largest in terms of steel output, with a turnover of 25. ... Sao Paulos stock market, the Bovespa Bovespa (Bolsa de Valores do Estado de São Paulo) State of Sao Paulo Stock Exchange Located in the heart of the biggest Brazilian city, São Paulo (city), the Bovespa is the largest stock exchange in Latin America. ... The Bovespa Index (Índice Bovespa) is an index of 50 stocks that trade on the São Paulo Stock Exchange (Bovespa). ...


Mari's dad worked there for 33 years.


External Links

  • The company's home page in Portuguese
  • The company's home page in English

  Results from FactBites:
 
Arcelor > Press > Press Releases (1808 words)
Acesita is the o­nly integrated producer of flat and long stainless and silicon steel producer in Latin America and has a market share of over 90% in Brazil.
Acesita is a totally integrated, low-cost stainless steel producer with operations spanning the value chain from pig iron production, produced at its two blast furnaces, through to high value-add products o­n which it has an increasing focus.
Acesita enjoys significant brand recognition in both the export (in excess of 50% of sales volume in 2003) and domestic markets.
92-917a (3326 words)
ACESITA was relieved from a debt that it otherwise would have had to pay absent government intervention.
Although the Department determined that ACESITA was uncreditworthy at the time the loan was made, the interest rate charged by Banco do Brasil for this loan is higher than the Department's benchmark rate including the risk premium for uncreditworthy companies.
Therefore, we examined whether ACESITA was a reasonable investment in 1989 (a condition we have termed equityworthy) in order to determine whether the equity infusions were inconsistent with commercial considerations.
  More results at FactBites »


 

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