Yet another company has announce plans to build a steel mill in Pecém. Grupo Añon of Spain plans to spend R$1 billion to construct a new facility, due for completion by 2014. The new mill will be located adjacent to the Companhia Siderúrgica do Pecém (CSP). Grupo Añon is the latest major entrant into the Pecém industrial zone, joining Brazil's Vale, Korea's Dongkuk and POSCO, and Japan's PFE Steel.