# ArcelorMittal Gonvarri to invest R$140M in Hortolândia plant expansion

ArcelorMittal Gonvarri Brasil announced a R$140 million investment to expand its Hortolândia, São Paulo plant by 20%, creating about 100 direct jobs. The expansion will be carried out in two stages, with the first stage expected to be completed in April 2022.

- Type: Expansion
- Announced: 2022-02-15
- Where: Hortolândia, São Paulo, Brazil
- Value: $27.0M (140.0M BRL)
- Jobs: 100
- Starts operating: Apr 2022
- Status: announced
- Capacity: 20% increase in physical structure
- Products: decapagem and cut steel sheets, slitters
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal Gonvarri Brasil](https://endata.com/companies/61145.md)

## Sources

- [usinagem-brasil.com.br](https://www.usinagem-brasil.com.br/49485-gonvarri-vai-investir-r-140-milhoes-na-planta-de-hortolandia/), 2022-02-19: "Com o novo investimento, a nossa expectativa é de criar cerca de 100 novos postos de trabalho de forma direta"

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