Gerdau Will Invest R$ 5 Billion in New Projects and Improvements to Its Units

Written by Roberta Souza

Published on 02/03/2023 at 14:37

Imagem: TheCapitalAdvisor

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The Investment Made by Gerdau Will Be Fully Applied to Expansion, New Projects, and the Development of the Company’s Units

The Metalúrgica Gerdau announced this Wednesday, 1, that its board of directors approved investments destined for the company’s annual planning, amounting to R$ 5 billion, according to the Broadcast website.

The Metalúrgica states that of the total amount to be invested, about R$ 830 million will be aimed at increasing forest assets, reducing greenhouse gas emissions, and updating and improving environmental controls.

Additionally, approximately 70% of the total investment by the Metalúrgica Gerdau will be directed to the MG region, where the Metalúrgica already operates. According to them, the goal is “to reinforce Gerdau’s commitment to the development of Minas Gerais”.

ARTICLE CONTINUES BELOW

Gerdau’s Billion-Dollar Investment

According to Metalúrgica Gerdau, the investments will be allocated to capex projects focused on maintenance, expansion, and also technological updates of its units. In other words, the Metalúrgica aims to extend the useful life and improve the operation of its units to maintain adequate performance of the plants.

The company’s investments also aim to increase production and profitability by modernizing its units. Gerdau’s investments are related to the demand the company is experiencing in the market, as well as the criteria required by the market.

Check it Out: Through Joint Venture, Gerdau and SpaceTime Labs Aim to Innovate Daily Industry Operations with High Technology

Gerdau Next, the new business division focused on diversifying the Metalúrgica’s portfolio with adjacent steel businesses, has presented the Ubiratã, a joint venture with SpaceTime Labs. The new company specializes in high technology and the creation of new platforms that integrate into daily industrial operations through AI (artificial intelligence), autonomous systems, and robotic operations.

Ubiratã, A New Chapter in the History of Metalúrgica Gerdau

Ubiratã was born as a project of Gerdau and SpaceTime Labs established in April 2021. Since then, the companies have worked together, and through this, their efforts have evolved to develop the business.

According to Gerdau, the joint venture aligns its measures to accelerate the industry’s transitions to decarbonized, hyper-productive, and resilient operations.

Conceived by leading companies, the joint venture leverages Gerdau’s expertise in industrial value chains while combining it with the SpaceTime Labs’ knowledge in machine learning, robotics, and autonomous systems. Read more by clicking here.

Gerdau Will Invest R$ 5 Billion in New Projects and Improvements to Its Units

The Investment Made by Gerdau Will Be Fully Applied to Expansion, New Projects, and the Development of the Company’s Units

Gerdau’s Billion-Dollar Investment

Check it Out: Through Joint Venture, Gerdau and SpaceTime Labs Aim to Innovate Daily Industry Operations with High Technology

Ubiratã, A New Chapter in the History of Metalúrgica Gerdau

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Gerdau Will Invest R$ 5 Billion in New Projects and Improvements to Its Units

The Investment Made by Gerdau Will Be Fully Applied to Expansion, New Projects, and the Development of the Company’s Units

Gerdau’s Billion-Dollar Investment

Check it Out: Through Joint Venture, Gerdau and SpaceTime Labs Aim to Innovate Daily Industry Operations with High Technology

Ubiratã, A New Chapter in the History of Metalúrgica Gerdau

A British company has installed in the middle of the ocean the world’s first floating platform that generates electricity 24 hours a day from the temperature difference between the surface and the depths of the Atlantic, without relying on wind or sun.

Great Atlantic Sargassum Belt has ceased to be a climatic phenomenon and has become a biological system that feeds on itself, with 8,000 kilometers in length, 37 million tons of algae, and scientists confirm that it is now permanent.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

The James Webb telescope spotted a planet 700 light-years from Earth with mornings full of sand clouds and nights with clear skies, the temperature difference between the two hemispheres reaches an impressive 170 degrees.

Goodbye to slow underground works: small robots create the tunnel structure before excavation, eliminate human risks, and speed up projects tenfold.

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