# 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.

- Type: Expansion
- Announced: 2018-11-22
- Where: Pindamonhangaba, São Paulo state, Brazil
- Value: $145.0M (550.0M BRL)
- Status: announced
- Capacity: 1 Mt/y (from 600,000 t/y)
- Products: specialty steel, cleaner, lighter, stronger steels for electric and hybrid vehicles
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Gerdau](https://endata.com/companies/16353.md)

## Sources

- [bnamericas.com](https://www.bnamericas.com/en/news/gerdau-announces-us145mn-specialty-steel-investment-in-brazil), 2018-11-23: "It is a confirmation that Brazil will return to growth."

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