Brazilian CSN invests in Europe through the IBC of Madeira

The Brazilian National Steel Company (CSN), which is operating in the ambit of the International Business Centre of Madeira, opened recently its newest offices in Funchal, employing, in this phase of the activity, a staff of 20 workers.

Aiming to carry out business all over Europe, in the steel and iron sectors, the Brazilian CSN and his associated companies (NAMISA Europe, Hickory e Cinnabar), decided to operate through the IBC of Madeira benefiting from the competitive advantages it offers to companies with worldwide activities.

Established on the 9th April of 1941, this company, whose main activity is mining, was the first in the flat steel industry in Brazil, becoming a milestone in the industrialization process of the country. In fact, its activities strongly contributed to the feasibility and implementation of industrial companies in Brazil, which constitutes nowadays the inner circle of the national industry. After six decades of activities and a privatization process in 1993, CSN is still making history.

With an estimated annual production of 5,6 millions tonnes of steel, CSN has around 17 thousands employees. In Portugal, CSN has acquired Lusolider.