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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”.
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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.
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