Gerdau's contribution will be used to increase the capacity for hot-rolling coils and the production of structural profiles at its plant in Ouro Branco
Yesterday, Wednesday (04/08), Gustavo Werneck, the executive president of Gerdau, said in a conference call that the company will expand the capacity for rolling hot coils and producing structural profiles at its plant in Ouro Branco, in the state of Minas Gerais, in investments that have a total of US$ 500 million as a reference. See also: Gerdau is hiring operator, turner, maintenance technician, assistant and more, for job vacancies and internship in SP, MG, RJ and other states
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Details on Gerdau's new investment in its plant in Minas Gerais
“Our hot coil rolling mill is already operating at full capacity…The investment starts now and should be concluded in 2024”, said Gustavo Werneck in a conference call with journalists about Gerdau's record result in the second quarter. The rolling mill period is the same as that of the structural profile equipment, which produces metallic beams for civil construction.
The capacity of the hot coil (HRC) rolling mill will be 250 tons per year, while that of the profile machine, a product that Werneck said Gerdau is the only producer in Latin America, will be 500 tons per year.
Investments in equipment were not revealed in the meeting with journalists, but in a teleconference with analysts Werneck mentioned that “an order of magnitude of (investment in) HRC is around US$ 200 million and an investment in a rolling mill of structural profiles like this is about $300 million.”
New contributions to be made
According to Gerdau's finance vice president, Harley Scardoelli, as the company's current rolling mill has been operating at full capacity for some time, the additional production to be brought in by the new equipment could be absorbed quickly. In the case of the profile machine, this would occur more gradually.
The executives stated that the initial investments in the two new pieces of equipment are already included in the budget plan of BRL 3,5 billion projected for the entire company in 2021. With the new machines, the capacity of the Ouro Branco mill will increase to 1,1, 2021 million tons of hot rolled coils per year, same volume for structural profiles. According to Gerdau, of the investments projected for 1,1, R$ 2020 billion will be dedicated to expansion and technological updating. In 1,65, the company's investment was BRL 1,75 billion, after BRL 2019 billion in XNUMX.
Check out this news: Shell and Gerdau enter into an unprecedented partnership for investments in a new solar power plant in the state of MG
Shell Brasil and Gerdau entered into a cooperation partnership to invest in a solar energy 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 supply part of the sustainable energy to the free energy market, through Shell's energy trader, and another part to the Energy Production units. aço from Gerdau, starting in 2024. The solar energy joint venture will have equal participation by both companies and is part of the companies' decarbonization and energy transition strategy.
This is a voluntary step by Shell Brasil in offering more services and products that come from renewable energy, which is completely aligned with Gerdau's pursuit of a cleaner energy matrix. Investment in solar energy will also sell electricity to free consumers, contributing to an increase in the generator park in the state of MG and to the energy security of the region with more sustainable energy.
