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CBA’s Investments in the Factory in the State of São Paulo Anticipate the Expansion, Renovation, and Modernization of Aluminum Production Lines
On the last Thursday, August 26, CBA (Companhia Brasileira de Alumínio) announced that it will invest around R$ 2 billion in the implementation of new projects at its Aluminum factory in the Greater Sorocaba region in the state of São Paulo. The announcement was made by CBA CEO Ricardo Carvalho during a press conference about the new phase of the company under the Votorantim group. Check out this news: Tire Manufacturer Announces Investments of R$ 5.2 Million in Factory in the State of São Paulo
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Investments in the Factory, in the State of São Paulo
According to Ricardo Carvalho, most of the investments of around R$ 2 billion in the Aluminum factory will be raised through a share offering in the market, which is expected to generate jobs and increase production. “During the implementation of new projects at both CBA and Metalex, which is located in Araçariguama, approximately 1,700 jobs should be created, and after the projects are completed, about 350 permanent jobs,” emphasizes CBA’s CEO.
The investments anticipate the expansion, renovation, and modernization of the aluminum production furnace lines, as well as the upgrade of the technology used in the production line. “The factory had 7 production lines, the so-called furnaces, but two lines have been idle since the energy crisis in 2014, and now we will reactivate them, which should increase production,” highlights Carvalho. To produce aluminum, the company extracts tons of bauxite, which arrive daily at CBA’s factory in Alumínio, coming from its own mining units and partners.
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Increase in Production Capacity of the Unit
According to CBA data, the Aluminum factory currently has a production capacity of 350,000 tons of primary aluminum per year. With the expansion, the company’s estimate is that annual production will increase to 430,000 tons per year. The current production capacity of transformed aluminum is 179,000 tons per year. And the current recycling capacity is 235,000 tons per year, considering both the Aluminum factory and Metalex.
In addition to the approximately R$ 2 billion investment in CBA’s Aluminum factory, the company also announced plans to invest another R$ 2 billion in bauxite production in Pará under the Alumina Rondon project.
Also Read This News: Metalworking Company to Invest US$ 25 Million in New Aluminum Factory in the State of São Paulo
Termomecanica, a metalworking company transforming copper and its alloys into semi-finished and finished products, will inaugurate a new factory next month, this time focused on producing aluminum bars. With an investment of US$ 25 million, the plant located in São Bernardo do Campo, in the state of São Paulo, expects to start operations with a capacity to produce up to 30,000 tons of metal derivatives per year.
The investments included the construction of the factory in São Paulo, the acquisition of equipment, and the installation of new technologies. Currently, Termomecanica has a net worth valued at over US$ 800 million. The company’s president, Luiz Henrique Caveagna, stated that the factory’s focus is the energy distribution market. Today, Termomecanica can produce 80,000 tons of aluminum, copper, and their alloys. “This new production line represents the expansion of our portfolio, including rebar, bars, and tubes. And our main niche is the energy market. The expansion projects of transmission lines and distribution are segments where we want to be present.”
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