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Steel deal with China.

The government signed a multi-million dollar deal agreement with China which would see the setting up of three steel manufacturing plants in Trinidad, reports Caribbean Net News (Dec. 14, 2005). The deal was based on the product output of a newly-established company in Port of Spain, Alutrint Ltd, which is an aluminum smelter plant, and the China-based National Machinery and Equipment Import and Export Corporation (CEMEC). This, it is hoped, would shift the island's dependence away from oil and gas and further fuel economic growth. The three steel manufacturing companies will include an automotive parts and car wheel plant, a rod mill and a barbed wire and cable company, said Prime Minister Patrick Manning. The aluminum smelter plants would source bauxite from Guyana, Suriname and Jamaica.
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Title Annotation:Trinidad and Tobago signed an agreement with China; opening 3 steel manufacturing plants; China National Machinery and Equipment Import and Export Corp.
Comment:Steel deal with China.(Trinidad and Tobago signed an agreement with China)(opening 3 steel manufacturing plants)(China National Machinery and Equipment Import and Export Corp.)
Publication:Caribbean Update
Article Type:Brief Article
Geographic Code:9CHIN
Date:Jan 1, 2006
Words:126
Previous Article:6 new industrial plants.
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