ArcelorMittal Announces R$ 144 Million Investment to Expand Steel Production at Sabará Plant in Minas Gerais

Written by Ruth Rodrigues

Published on 02/06/2022 at 18:03

Foto: ArcelorMittal/Divulgação

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Aiming for Expansion in the Steel Sector in the State of Minas Gerais, ArcelorMittal Now Announces Another Round of Investments and Will Apply R$ 144 Million at the Sabará Plant to Ensure More Infrastructure in Steel Production in the Region

The Brazilian steel giant ArcelorMittal announced last Wednesday, (06/01), its latest investment plan in the state of Minas Gerais, an investment of R$ 144 million that will be applied at the Sabará plant. With this multimillion-dollar investment in the plant’s infrastructure, the company expects to expand its total steel production by up to 35% and secure an even greater presence in the commercialization of the raw material in the national and international markets.

The Sabará Plant Will Receive a Total of R$ 144 Million in Investments Aimed at Production Infrastructure Following the Announcement by ArcelorMittal

ArcelorMittal continues its growth plan in Brazil and has now announced another round of multimillion-dollar investments in the national steel sector. Thus, the company will invest R$ 144 million in new equipment focused on the steel production infrastructure at the Sabará plant in the state of Minas Gerais. This is the fifth investment announcement made by the company for the region in recent months and will be essential for growth in the production of the raw material.

The company aims to increase its production capacity by up to 35% with the multimillion-dollar investment in the plant’s infrastructure and seeks to further modernize the site. In addition, ArcelorMittal’s investments in Brazil already total over R$ 7 billion.

ARTICLE CONTINUES BELOW

The Company’s Investment Plan in Minas Gerais Continues and the Sabará Plant Will Be Just One of the Beneficiaries of the Billion-Dollar Investments

Within the company’s total investment plan, which exceeds R$ 7 billion for the coming years, about R$ 4.5 billion is focused solely on expansion within the state of Minas Gerais. Regarding the Sabará plant, the company will focus on the steel production infrastructure and will acquire two new automated machines for wire drawing.

In this way, ArcelorMittal aims to expand its commercialization in the market for springs, shock absorbers, screws, fasteners, and other industrial products.

Thus, executive Jefferson De Paula, President of ArcelorMittal Brazil and CEO Long Steel and Mining LATAM, commented on the importance of the investment plan and stated that “The investment reinforces our position in the Brazilian market and enhances the company’s competitiveness in the automotive and manufacturing sectors. It is worth noting that nine out of the ten best-selling vehicles in Brazil use steel produced at the Sabará unit.”

Finally, the company emphasized that, in addition to ensuring more productivity, the infrastructure works to expand steel production will also allow for the generation of around 90 temporary jobs starting from the 2nd semester of 2022, thus boosting the entire economy of the state of Minas Gerais.

ArcelorMittal Announces R$ 144 Million Investment to Expand Steel Production at Sabará Plant in Minas Gerais

Aiming for Expansion in the Steel Sector in the State of Minas Gerais, ArcelorMittal Now Announces Another Round of Investments and Will Apply R$ 144 Million at the Sabará Plant to Ensure More Infrastructure in Steel Production in the Region

The Sabará Plant Will Receive a Total of R$ 144 Million in Investments Aimed at Production Infrastructure Following the Announcement by ArcelorMittal

The Company’s Investment Plan in Minas Gerais Continues and the Sabará Plant Will Be Just One of the Beneficiaries of the Billion-Dollar Investments

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ArcelorMittal Announces R$ 144 Million Investment to Expand Steel Production at Sabará Plant in Minas Gerais

Aiming for Expansion in the Steel Sector in the State of Minas Gerais, ArcelorMittal Now Announces Another Round of Investments and Will Apply R$ 144 Million at the Sabará Plant to Ensure More Infrastructure in Steel Production in the Region

The Sabará Plant Will Receive a Total of R$ 144 Million in Investments Aimed at Production Infrastructure Following the Announcement by ArcelorMittal

The Company’s Investment Plan in Minas Gerais Continues and the Sabará Plant Will Be Just One of the Beneficiaries of the Billion-Dollar Investments

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

Toyota launches “family hybrid van” with 7 or 8 seats, 1.8 hybrid engine, fuel consumption of up to 23.8 km/l, and a price equivalent to about R$ 104,000 without taxes, below the Tiggo 8 Pro Plug-in Hybrid sold in Brazil: meet the Noah Hybrid 2026 in Japan.

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