To Increase Production Capacity, Gerdau Will Invest $500 Million in Plant in Minas Gerais

Written by Roberta Souza

Published on 05/08/2021 at 15:21

Unidade da Gerdau/ Fonte: Viridis Energy

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Gerdau’s Investment Will Be Aimed at Expanding the Capacity of Hot Coil Rolling and Structural Profile Production at Its Plant in Ouro Branco

Yesterday, Wednesday (04/08), Gustavo Werneck, Gerdau’s CEO, stated in a conference call that the company will expand the capacity for hot coil rolling and structural profile production at its plant in Ouro Branco, in the state of Minas Gerais, with investments totaling US$ 500 million. See also: Gerdau is hiring operators, machinists, maintenance technicians, assistants, and more for job and internship openings in SP, MG, RJ, and other states

Details on Gerdau’s New Investment at Its Plant in Minas Gerais

“Our hot coil mill is already operating at full capacity…The investment starts now and should be completed in 2024”, said Gustavo Werneck in a conference call with journalists about Gerdau’s record results in the second quarter. The timeline for the mill is the same as that for the structural profile equipment, which produces metal beams for the construction industry.

The capacity of the hot coil mill (BQ) will be 250,000 tons per year, while the profile machine, which Werneck stated that Gerdau is the sole producer of in Latin America, will have a capacity of 500,000 tons per year.

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New Investments to Be Made

According to Gerdau’s Vice President of Finance, Harley Scardoelli, since the current coil mill of the company has been operating at full capacity for some time, the additional production brought by the new equipment can be quickly absorbed. In the case of the profile machine, this will occur more gradually.

The executives stated that the initial investments in the two new pieces of equipment are already included in the budget plan of R$ 3.5 billion projected for the entire company in 2021. With the new machines, the capacity of the Ouro Branco plant will increase to 1.1 million tons of hot coils per year, with the same amount for structural profiles. According to Gerdau, of the projected investments for 2021, R$ 1.1 billion will be dedicated to expansion and technological upgrades. In 2020, the company’s investment was R$ 1.65 billion, following R$ 1.75 billion in 2019.

Check Out This News: Shell and Gerdau Sign Unique Partnership for Investments in a New Solar Power Plant in MG

Shell Brasil and Gerdau have closed a cooperation partnership to make investments in a solar power plant in the municipality of Brasilândia de Minas, in Minas Gerais (MG). The partnership establishes initial ideas for the creation and discussion of a new joint venture.

The plant, named Aquarii, will have an installed capacity of 190 MW and will provide part of the sustainable energy to the free energy market through Shell’s energy trading company and another part to Gerdau’s steel production units starting in 2024. The solar energy joint venture will have equal participation from both companies and is part of the companies’ decarbonization strategy and energy transition.

This is a voluntary step by Shell Brasil in offering more services and products from renewable energy, which is fully aligned with Gerdau’s search for a cleaner energy matrix. The investment in solar energy will also sell electricity to free consumers, contributing to the increase of the generating capacity in the state of MG and enhancing the region’s energy security with more sustainable energy.

To Increase Production Capacity, Gerdau Will Invest $500 Million in Plant in Minas Gerais

Gerdau’s Investment Will Be Aimed at Expanding the Capacity of Hot Coil Rolling and Structural Profile Production at Its Plant in Ouro Branco

Details on Gerdau’s New Investment at Its Plant in Minas Gerais

New Investments to Be Made

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To Increase Production Capacity, Gerdau Will Invest $500 Million in Plant in Minas Gerais

Gerdau’s Investment Will Be Aimed at Expanding the Capacity of Hot Coil Rolling and Structural Profile Production at Its Plant in Ouro Branco

Details on Gerdau’s New Investment at Its Plant in Minas Gerais

New Investments to Be Made

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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

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