Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
RELEVANT NOTICE
COMPANHIA SIDERÚRGICA NACIONAL
Rua São José nº 20, Grupo 1602, parte
Rio de Janeiro/RJ
Corporate Taxpayers’ ID# 33,042,730/0001-04
COMPANHIA SIDERÚRGICA NACIONAL informs its shareholders that its Board of Directors approved, in a meeting held on this date, (i) review of the Cement Project, that totals investments of US$185 million, including a new grinding mill with total capacity of 3 million tonnes per year, in Volta Redonda/RJ, and a clinker furnace with capacity of 825,000 tonnes per year, in Arcos/MG, with start-up expected for the last quarter of 2007 and 2008, respectively; (ii) investments of US$113 million for the set up of the Long Steel Project, in Volta Redonda/RJ, that contemplates a plant to produce rebars, wire rods and profiles with total capacity of 500,000 tonnes per year and start-up period of approximately 18 months after the signing of the respective contract.
Rio de Janeiro, August 8, 2006
COMPANHIA SIDERÚRGICA NACIONAL
Benjamin Steinbruch
Investor Relations Executive Officer
COMPANHIA SIDERÚRGICA NACIONAL |
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By: |
/S/ Benjamin Steinbruch
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Benjamin Steinbruch
Chief Executive Officer and Acting Chief Financial Officer |
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This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.