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Company Promises Heavy Investment to Increase Its Production Capacity and Market Space
A Aperam South America industrial plant will undergo a round of investments seeking modernization and expansion of its capacity. For the year 2021, the plan is to invest R$ 243 million in these projects in the state of Minas Gerais. The money will be used to update stainless steel lines, electrical steels, and green steel.
A Aperam Bioenergia, in the Jequitinhonha Valley, will also receive the annual investment to continue producing 100% of the charcoal used in the Timóteo plant – Minas Gerais. This action alone prevents the emission of approximately 700 thousand tons of CO2 per year. For 2021, the company expects to invest R$ 72 million in the subsidiary. The EM detailed the investments.
See the Details of Aperam’s Investments in Minas Gerais
Aperam conducted an analysis of the Brazilian market and, based on studies, understood that the time has come to make an investment that will certainly transform the company and level. The amount will be invested in the BR3 line, regarded as fundamental in stainless steel production.
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Federido Ayeres Lima, president of Aperam, emphasizes that the investment will enable the company to increase its capacity and gain efficiency. Additionally, the company will become much more competitive in the market.
The RB3 will receive an investment of 90.6 million. R$ 26 million will be allocated to C5, a very thin coating applied over steel. This will make the products much more resistant and reliable, gaining another competitive edge in the market.
Ayres also highlighted that Aperam is attentive to the electric vehicle market: ”We have been researching and developing GNO electrical steels for this type of transport for more than 10 years. Currently, we have developed more than eight steels for this growing market”.
The company’s investment will also complement the HGO steel production line. The expected investment is R$ 55 million. The idea is to offer a steel in the market that enhances energy efficiency.
