# Gerdau inaugurates Gerdau Summit joint venture in Pindamonhangaba

Gerdau inaugurated the Gerdau Summit joint venture at its Pindamonhangaba plant, with Sumitomo Corporation and Japan Steel Works. The venture will supply parts for wind energy, with R$280 million invested by 2020 and 100 new jobs expected.

- Type: New facility
- Announced: 2017-03-28
- Where: Pindamonhangaba, São Paulo, Brazil
- Value: $90.0M (280.0M BRL)
- Jobs: 100
- Starts operating: 28 Mar 2017
- Status: completed
- Products: wind energy parts, shafts for wind turbines, rolling rings
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Gerdau](https://endata.com/companies/16353.md)
- [The Japan Steel Works](https://endata.com/companies/6204.md) (partner)
- [Sumitomo Corporation](https://endata.com/companies/6281.md) (partner)

## Sources

- [valor.globo.com](https://valor.globo.com/empresas/noticia/2017/03/28/gerdau-inaugura-gerdau-summit-joint-venture-com-sumitomo-e-jsw.ghtml), 2017-03-28: "A previsão é de construção de 350 parques eólicos até 2020. Com a Gerdau Summit, devemos criar cem novos empregos em Pindamonhangaba."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.