Giant in the Brazilian Steel Industry, AçoTubo to Invest Over One Hundred Million in Development, Job Creation, and Other Initiatives

Açotubo Steel Mill Announces Million-Dollar Investment in the Next Two Years for Growth in Steel Distribution and Job Creation in the Sector

The Açotubo Group, a giant in the Brazilian steel industry and a reference in distribution in Latin America, celebrated its 47th anniversary on February 20 with good news. The company announces a new cycle of investments in various strategic and structural actions amounting to R$ 120 million for the next 2 years. The plan is to start the first quarter of 2021 with R$ 50 million, and many job opportunities are on the way.

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Despite the economic uncertainty in the country, the amounts invested by the steel mill for the 2021 – 2023 triennium are 20% higher than originally planned. The amount scheduled for this year is nearly 60% higher than that used the previous year, which was R$ 31.5 million, confirming the company’s solidity in the steel sector and promising job creation.

According to Edson Souza, Executive Manager of Controllership and Finance, the steel mill’s investments will primarily be allocated to ensure the growth of steel distribution.

“At this point, we will expand the automation and digitization of the company, acquire new machines and equipment, and continue the renewal of the vehicle fleet throughout this cycle, aiming to ensure continuous improvement in service to our customers,” said Souza.

Part of the investments from the giant in the Brazilian steel industry will also be directed towards continuing the Group’s internationalization process in Latin American markets and the acquisition and construction of commercial properties for the expansion of the development company that is part of the Group.

According to Bruno Bassi, the CEO of the steel mill, the appreciation of human capital is an important component for Açotubo’s evolution journey, which will continue generating job opportunities and development possibilities. Bassi also mentioned the moment of celebration. “All these movements are possible due to our long-term strategy, in which customers have been a priority during these 47 years of existence,” he concluded.

About the Açotubo Group, the Giant in the Brazilian Steel Industry and a Reference in Distribution in Latin America

With 47 years of operations, the Açotubo Group is recognized for its portfolio, services, and solutions in steel distribution. The company has six business units, including Tubes and Steel, Connections, Stainless Steels, Wire Rods and Parts, Integrated Solutions, and Anchoring Systems (Incotep), with strategic units positioned in different regions to serve across Brazil.

With constant investments in technology and infrastructure, the company aims to meet customer needs with agility and quality, regardless of volume. It values its employees as the driving force behind development and considers social responsibility one of its main pillars. Visit the company’s website for more information.