SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 427.13-4.0%Feb 2 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TobagoJack who wrote (12792)12/22/2006 3:52:25 AM
From: elmatador  Read Replies (1) of 219977
 
Chinese imported to build steel mill in Brazil. Thyssen wanted 4.000. Brazil set for 600.

CSA, a 5 million tonnes a year steel slabs joint venture between CVRD and ThyssenKrupp, is due to start-up in March 2009. It will receive 5.9 million tonnes of iron ore and 2.7 million tonnes of pellets annually from CVRD

QUOTE
Rio industries agree to hire Chinese workers

The Federation of Rio de Janeiro's Industries (Firjan) has agreed to allow a subsidiary of Germany's ThyssenKrupp to hire 600 Chinese workers in the construction work of a coke plant, it said on Wednesday.

Firjan's President Eduardo Eugenio Gouvea Vieira described the measure as necessary from the entrepreneur's point of view, to cut investment costs.

The company CSA, a joint venture of ThyssenKrupp, initially planned to bring in 4,000 workers from China to build the plant in an industrial district close to the city of Rio de Janeiro. But the Brazilian Ministry of Labor only authorized 600.

Explaining Firjan's stand on the decision by ThyssenKrupp, Vieira said: "We are sorry, but we understand that the entrepreneur has his strategy to make investments at a lower cost to be more competitive."

Firjan's deputy chief Carlos Mariani Bittencourt added that the phenomenon is not new in Brazil, as the company in charge of building a petrochemical spot in the south of the country hired Chinese people around 30 years ago.

Vieira promised that Chinese workers would leave the local job market within one and a half years
UNQUOTE

Those railroads in North America were built by the Chinese and even today, more than 100 years later, the Chinese work force in unbeatable.

I saw once, during construction, a photo of the Eurotunnel -that white elephant between France and the UK across the English Channel - and there were lots of Asian guys among the construction crew. I guess they build half of that loss making pharaonic project.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext