Usiminas Announces Investment Plan of R$ 3.6 Billion, Creating 8,000 Jobs in the Steel Valley, Minas Gerais

Written by Ruth Rodrigues

Published on 19/01/2023 at 09:46

Foto: Usiminas/Divulgação

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The Company Plans to Make Significant Investments Over the Next 3 Years in the Steel Industry Market in Minas Gerais. With the Works in the Vale do Aço Region, Usiminas Expects to Create More Than 8,000 Jobs in the State.

Last Wednesday, (01/18), the Governor of Minas Gerais, Romeu Zema, joined representatives of the Usinas Siderúrgicas de Minas Gerais (Usiminas) to discuss the future of the market in the state. The steelmaker presented an investment plan of R$ 3.6 billion for the next 3 years in the Vale do Aço region. The renovation works of Blast Furnace 3 and the production expansion may generate more than 8,000 jobs in the state.

8,000 New Jobs Will Reach Residents of Minas Gerais in the Next 3 Years with Usiminas’ New Investment Plan in the Vale do Aço

The mining and steel industry market in Minas Gerais continues to be the state’s highlight in 2023. Investment opportunities in the sectors attract companies from around the world to ventures in the area.

The company Usiminas, a leader in the Vale do Aço region, announced a new investment plan of R$ 3.6 billion for the years 2023 to 2026.

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Romeu Zema Emphasizes the Importance of Usiminas in Job and Income Generation in the State of Minas Gerais

Usiminas’ investments in the state of Minas Gerais have been recognized nationally due to the benefits offered in the Vale do Aço region.

The works will bring operational improvements and environmental benefits to the equipment that has been in operation for 23 years.

The company hopes not only to achieve significant expansion in the Minas Gerais market but also to contribute to the socioeconomic development of the state.

Governor Romeu Zema highlighted the importance of the company not only for the state’s income but also for new job opportunities for residents of the region.

“Investments of this magnitude generate opportunities for a large chain of suppliers, both local and state,” said the executive.

In 2021, the Usiminas Group generated R$ 499 million in Goods and Services Circulation Tax (ICMS). In 2022, until November, the amount was R$ 577 million. Out of the 15,000 employees of the group, 12,000 are in Minas.

With the new investment plan, Usiminas expects to contribute even more to job creation and the growth of the Vale do Aço in Minas Gerais.

Usiminas Announces Investment Plan of R$ 3.6 Billion, Creating 8,000 Jobs in the Steel Valley, Minas Gerais

The Company Plans to Make Significant Investments Over the Next 3 Years in the Steel Industry Market in Minas Gerais. With the Works in the Vale do Aço Region, Usiminas Expects to Create More Than 8,000 Jobs in the State.

8,000 New Jobs Will Reach Residents of Minas Gerais in the Next 3 Years with Usiminas’ New Investment Plan in the Vale do Aço

Romeu Zema Emphasizes the Importance of Usiminas in Job and Income Generation in the State of Minas Gerais

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Usiminas Announces Investment Plan of R$ 3.6 Billion, Creating 8,000 Jobs in the Steel Valley, Minas Gerais

The Company Plans to Make Significant Investments Over the Next 3 Years in the Steel Industry Market in Minas Gerais. With the Works in the Vale do Aço Region, Usiminas Expects to Create More Than 8,000 Jobs in the State.

8,000 New Jobs Will Reach Residents of Minas Gerais in the Next 3 Years with Usiminas’ New Investment Plan in the Vale do Aço

Romeu Zema Emphasizes the Importance of Usiminas in Job and Income Generation in the State of Minas Gerais

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At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

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