# Gerdau investing $285.7M to expand capacity at three mills

Gerdau is investing BRL 1.2 billion ($285.7 million) to expand capacity at three mills in Brazil and the US by the end of 2020. The expansions include 400,000 mt/year at Pindamonhangaba, 160,000 mt/year at Monroe, and 530,000 mt/year at an undisclosed US mill.

- Type: Expansion
- Announced: 2020-02-20
- Where: Pindamonhangaba, São Paulo, Brazil
- Value: $121.2M
- Starts operating: 2020
- Status: under construction
- Capacity: 400,000 mt/year
- Products: special quality bars
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

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

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/gerdau-investing-2857-million-to-expand-capacity-at-three-mills-1133624.htm), 2020-02-20: "Gerdau said in a quarterly earnings presentation it will spend BRL 532 million ($121.2 million) to expand capacity by 400,000 mt/year at its Pindamonhangaba mill in São Paulo state for special quality bars."

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