Gerdau Invests R$ 200 Million to Modernize Its Plant in Rio Grande do Sul and Create Over 400 Jobs

Gerdau Plans to Invest R$ 200 Million in Its Hometown, Rio Grande do Sul. The Amount Will Be Destined for Modernizing Its Plant in the State, Creating More Than 400 Jobs

Gerdau announced that it intends to apply new investments in the amount of R$ 200 million in its plant in Rio Grande do Sul, more precisely in Sapucaia do Sul, for modernization and renovation of its steel mill. The modernization of the unit promises to generate around 400 new job openings. One of the largest investments in the history of the plant occurs in the year that the unit celebrates 65 years of history and reinforces Gerdau’s commitment to the state where it was founded.

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Gerdau Promises to Generate 400 New Jobs in Rio Grande do Sul

The investments, in addition to creating several jobs, aim to update the steel mill facilities, improve safety and environmental conditions in the steel manufacturing process, install improvements in the digital transformation journey and Industry 4.0, and also modernize the dust removal system.

Gerdau estimates that 400 new direct and indirect jobs will be created during the execution of the investments. According to Gerdau’s Vice President, Marcos Faraco, the investments in the plant in Rio Grande do Sul demonstrate the state’s importance to the company’s business and renew its ties.

The company is focused on the long-term sustainability of the unit, preparing it to continue meeting future steel demand from its customers across Brazil.

Activities at the Rio Grande do Sul Plant Will Be Interrupted During the Modernization Works

Activities at the steel mill of the Riograndense Unit will be interrupted starting next month, with a return expected at the beginning of next year, after the completion of the planned renovations and investments.

Market service will remain unchanged, as the unit’s rolling operations will be supplied by semi-finished products produced in other Gerdau units scattered across Brazil.

Employing 1,200 employees, the unit in Rio Grande do Sul has a capacity to produce 450,000 tons of crude steel and 495,000 tons of finished products per year, including rebar, bars, drawn wire, machine wire, and nails.

Get to Know Gerdau

Gerdau is the largest company in the country in steel production and also one of the main suppliers of long steel in the Americas and special steels in the world. In Brazil, the company also produces flat steels and iron ore, activities that expand the mix of products offered to the market and also the competitiveness of operations.

Furthermore, it is currently the largest recycler in Latin America, and worldwide, it transforms millions of tons of scrap into steel each year, reinforcing its commitment to the sustainable advancement of the regions where it operates. Gerdau’s shares are listed on the stock exchanges of São Paulo (B3), Madrid (Latibex), and New York (NYSE).

The company strives to act with ethics and respect, always prioritizing safety. Gerdau also believes that its growth is directly linked to the development of its customers, employees, suppliers, communities, and shareholders. Only in 2017, the company invested R$ 19 million in society, counting on more than 6,000 volunteers and about 400 projects supported worldwide each year.