Japan’s Shinsho Corp. plans to invest more than $300 million in the Venezuelan steel industry in the Guayana region, El Mundo reported.

Shinsho is holding meetings today with officials from state-run companies including Siderurgica del Orinoco, or Sidor, the Caracas-based newspaper said.

To contact the reporter on this story: Jose Orozco in Caracas at jorozco8@bloomberg.net

To contact the editor responsible for this story: James Attwood at jattwood3@bloomberg.net