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Gerdau invests $145M to expand specialty steel capacity in Pindamonhangaba · Endata

◂ Announcements

Nov 22, 2018EXPANSIONPindamonhangaba, São Paulo state, Brazil

Gerdau invests $145M to expand specialty steel capacity in Pindamonhangaba

Gerdau announced a BRL 550 million ($145 million) investment to increase specialty steel production capacity at its Pindamonhangaba, São Paulo unit from 600,000 t/y to 1 Mt/y. The investment aims to serve the automotive industry, including electric and hybrid vehicles.

Value

$145.0M (550.0M BRL)

Status

Announced

Capacity

1 Mt/y (from 600,000 t/y)

Productsspecialty steelcleaner, lighter, stronger steels for electric and hybrid vehicles

CompaniesGerdau

Sectors#Steel and Metal Products

“It is a confirmation that Brazil will return to growth.”bnamericas.com

1 source
bnamericas.comGerdau announces US$145mn specialty steel investment in Brazil - BNamericasNov 23, 2018

Summarized from public sources; check the original articles before acting on it.

More from Gerdau

Feb 20, 2020EXPANSIONUnited States$103.9Mops 2020
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Feb 20, 2020EXPANSIONMonroe, Michigan, United States$60.6Mops 2020
Gerdau investing $60.6M to expand Monroe mill capacity
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Feb 20, 2020EXPANSIONPindamonhangaba, São Paulo, Brazil$121.2Mops 2020
Gerdau investing $285.7M to expand capacity at three mills
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Nov 5, 2018ACQUISITIONUnited States$600.0M
CMC acquires Gerdau's U.S. rebar assets for $600M
Gerdau target Commercial Metals Company acquirer clearygottlieb.com
Sep 25, 2018INVESTMENTMonroe, Michigan, United States$80.0M
Gerdau plans $80M modernization of Monroe, Michigan steel plant
Gerdau Primetals Technologies supplier newequipment.com
Sep 14, 2018PARTNERSHIPBrazil
Gerdau, Votorantim Cimentos and Grupo Tigre create loyalty program company
Votorantim Cimentos partner Gerdau partner sec.gov

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