The expansion of the steel plant should generate 1.650 jobs, in addition to allowing production to reach 1 million tons of products per year

During the coming months, the municipality of Pindamonhangaba (São Paulo) expects to generate over 1.200 indirect jobs and 450 direct jobs there, as well as an increase in production. The forecast is associated with the expansion of the GV do Brasil steel plant, belonging to the Simec Group, which had its cornerstone laid this Thursday (30th).

Therefore, in the following months, when the works are completed, it is expected that the steelworks' production will double from 500 thousand to 1 million tons of products per year. The company produces special steel aimed at the civil construction market.

According to the municipal government, the steel mill will invest another US$ 300 million (about R$ 1,5 billion) in the unit, so that the production of rebar bars and wire rolls is doubled.

Investment for the expansion of the steel plant, which arrived in Pindamonhangaba in 2015, reaches the value of US$ 300 million

Production at the steel plant in Pindamonhangaba began in 2015 and now, seven years after the start of activities, the group plans to invest US$ 300 million in expanding the company. The expansion will make it possible, in addition to creating new jobs, for the plant's recycling capacity to be doubled, from 625 thousand tons per year to 1,25 million tons per year, thus increasing its entire production of rebar in bars and rolls of wire machine.

In addition, the municipality also has the expectation that the growth of the steel plant will provide an increase in ICMS collection.

Municipal administrative body celebrates and argues in favor of expansion

As stated by the mayor of Pindamonhangaba, Dr. Isael Domingues, there is a very positive desire in relation to the gain with new jobs, increase in the transfer of ICMS and social compensation. For him, this is a very bold step, and the laying of the cornerstone sets precedents for generating much more development.

The Secretary for Economic Development, Roderley Miotto, also highlighted that the expansion of the steelworks takes place at a very opportune time, given that it enables the municipality's economic growth after the weakening caused by the pandemic.

In addition to the plant in Pinda, the Simec Group also carries out production in plants in the municipalities of Cariacica (Espírito Santo) and Itaúna (Minas Gerais). The company was founded in the year 1969 in Mexico. In the city of São Paulo, in turn, the company was inaugurated in 2015.

Simec Group History

The Simec Group, which is the leader in the steel industry of special steels in North America, was founded in 1969, in Mexico, and announced that it would arrive in Brazil in 2011, when the construction area of ​​the plant in the municipality of Pindamonhangaba was acquired. .

The company works with eight units in Mexico, seven in the United States and one in Canada. As for Brazil, its arrival took place through the plant in Pinda and, currently, the company has two other plants in the country (Cariacica, in Espírito Santo, and Itaúna, in Minas Gerais).

Contributing to the development of the country with its steel production and job creation, the Simec plant in Pinda is a modern plant, built with the most advanced technology in steel production, becoming responsible for supplying the market in the Midwest, Southeast and South regions.