On 18 June 2010 ThyssenKrupp AG opened its ThyssenKrupp CSA Siderúrgica do Atlântico steel mill in Santa Cruz, Brazil. Among the roughly 1500 guests, including over 1000 employees, were the Brazilian President Luiz Inacio Lula da Silva, the Governor of the State of Rio de Janeiro, Sergio Cabral, and the CEO of Vale, Roger Agnelli. Vale is a co-owner of ThyssenKrupp CSA with a 26.87% stake. President Lula expressed his belief that ThyssenKrupp’s investment will benefit the Brazilian economy over the long term, pointing to ThyssenKrupp’s 200-year history in Germany and the company’s involvement in Brazil going back to 1837. Governor Cabral highlighted the significance for jobs in Rio de Janeiro state. During the construction phase more than 30,000 people were employed on the construction site. When the steel mill is in operation, the company will provide 3500 jobs, which will mostly be filled by Brazilian employees.