# Cipalam plans steelworks expansion with BRL 300 million investment

Cipalam has a project ready for expansion of its production with the construction of a new steelworks, with investments of BRL 300 million over the next three years. The project was presented to the Governor of Minas Gerais.

- Type: Expansion
- Announced: 2022-08-26
- Where: Minas Gerais, Brazil
- Value: $57.0M (300.0M BRL)
- Status: announced
- Products: steel bars and laminated profiles
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Cipalam](https://endata.com/companies/64960.md)

## Sources

- [cipalam.com.br](https://cipalam.com.br/en/steelworks-cipalam-receives-investments-to-expand-production/), 2022-08-26: "Cipalam has the project ready for the expansion of its production, with the construction of a steelworks."

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