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Amapá Installations and Storage Plans to Invest Millions and Double Its Production Capacity
Amapá Installations and Storage, a company founded in 1984, has a long-standing history in steel and wire products. The company is headquartered in Claudio, located in the Midwest of Minas Gerais, and started its operations with welding, machining, and boiler making. Over time, it began working with other products and expanded in the steel products market.
As reported by Diário do Comercio, the company has been working with more than 15 steel and wire products for over 40 years. The company collaborates with businesses of all sizes, conducting business with around 18 countries worldwide.
Million-Dollar Investment to Double Production and Create Jobs
Gabriel Dias Faria, marketing manager at Amapá Installations and Storage, stated that for the past 12 years, the company has managed to double its size every three years. The company keeps up with market trends and does not shy away from investments. The company is planning an investment of R$ 50 million to increase the manufacturing of steel products.
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Gabriel mentioned that the company will invest in building a new industrial park and also in modernizing its headquarters. The current unit of the company occupies 25,000 square meters and has the capacity to process 100 tons of steel per day. With the new investments, the expectation is that the size will increase to 40,000 square meters.
The investments from Amapá will also involve a new factory in the Northeast: ”This is a bigger project. The initial plan called for acquiring a facility in the region, but we had to decline. At this moment, we’re charting new paths to make the investment – either through acquisition or new construction – still this year”.
The R$ 50 million investments are expected to enable Amapá to double its production capacity by 2025. The investments will also greatly benefit the job market. The company is expected to grow from about 570 current jobs to over a thousand by the end of next year. That is, more than 500 job positions are anticipated to be created.
The year 2020 was very good for the company, despite all the issues caused by the pandemic. Today, Amapá is witnessing a market rebound: ”Since mid-last year, we’ve been seeing a return in consumption, which has positively surprised us; in addition, many of our customers are part of the so-called essential sectors, such as supermarkets and pharmacies, and continue to demand our products strongly‘, said the marketing manager.
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