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Colin Bennett

Paranapanema eyes global copper market, considers name change - 0 views

  • Paranapanema will change its name within the next year to better reflect its activities and ambitions in the copper market, Luiz Antonio de Souza Ferraz Jr, president of Paranapanema, told Metal Bulletin.
Glycon Garcia

Paranapanema approves US$377mn investment plan (Brazil) on Reportlinker - February 2011 - 0 views

  • Paranapanema approves US$377mn investment plan
  • Brazilian copper products manufacturer Paranapanema's (Bovespa: PMAM3) board has approved an investment plan of 630mn reais (US$377mn) for the 2011-13 period.
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    Paranapanema announced that it approved a capacity expansion and technology modernisation plan, supported by a positive macroeconomic outlook and favourable price trends for its products. The market will be boosted by Brazil's anticipated economic growth, and in particular by infrastructure, civil construction, electricity and green power projects. In addition, the 2014 World Cup and 2016 Olympic Games will provide further support. Paranapanema will increase its refined copper capacity at its Dias D'Avila unit from 230,000tpy to 280,000tpy in H1 2012. The company will also install a precious metal refining plant at the same unit, scheduled to be operational in H2 2012. Paranapanema's copper semis division, Eluma, will expand its cold rolling capacity from 28,000tpy to 55,000tpy. Furthermore, hot rolled products capacity will rise from 60,000tpy to 200,000tpy whilst tube capacity from 18,000tpy to 36,000tpy. Investment of the entire plan for 2011-13 will amount to 630 million reais (US$377 million).
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    "Brazilian copper products manufacturer Paranapanema's (Bovespa: PMAM3) board has approved an investment plan of 630mn reais (US$377mn) for the 2011-13 period."
Matthew Wonnacott

CEF takes stake in Paranapanema - 0 views

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    CEF, the Brazilian government controlled development bank, announced on 4th January that it is purchasing a 17.2% stake in smelter and semis producer Paranapanema from the Brazilian development bank BNDES. Paranapanema is primarily involved in the smelting and production of semi-finished copper products for the Brazilian and South American market, including copper tube, wires, bars and strips.
Colin Bennett

Paranapanema will expand cathode capacity to 320,000 tpy - 0 views

  • Brazilian copper producer Paranapanema plans to expand its cathode capacity to 320,000 tpy by 2016, from today’s 280,000 tpy.
Colin Bennett

Paranapanema opens copper tube plant - 1 views

  • Paranapanema intends to invest a further 300 million Reais by 2015, as part of a 1.2-billion Reais plan to increase its copper production capacity from 220,000 tpy to 280,000 tpy.
Matthew Wonnacott

Paranapanema starts operations at new tube facility - 0 views

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    Paranapanema, the Brazilian copper smelter and semis fabricator, has started test operations at its new 30,000t/y seamless commercial copper tube plant in Utinga. The plant, which cost BRL100M (US$50M) to build, will initially produce 400-600t/m of commercial tube before ramping up production to reach 2,500t/m within 12 months. The company plans to make copper commercial tube for use in the HVAC sector in Brazil. According to CEO Edson Monteiro, Brazil still imports around 40% of its copper tube from abroad.
Glycon Garcia

Paranapanema descarta utilizar cobre da Vale vindo de Salobo | Negócios | Reu... - 0 views

  • SÃO PAULO (Reuters) - A grande produção de cobre prevista pela Vale na mina de Salobo, no Pará, a partir de 2010, deverá se destinar à exportação, devido a questões tributárias que dificultam economicamente o uso da matéria-prima pela indústria local, informou a principal refinadora brasileira nesta terça-feira.
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    Paranapanema group will not use the copper produced by Vale in Brazil due to tax issues.
Piotr Ortonowski

Brazil - Paranapanema begins construction of copper tube plant - 1 views

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    Paranapanema, a Brazilian metal semis producer, began developing its US$47M seamless copper tube plant in the state of Sao Paulo on 27th July. Construction of the plant is expected to be completed by June 2012. The new plant will increase the company's production capacity to 36,000t/y from the current 18,000t/y.
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