Gerdau Invests $253 Million in Its Mill in Peru
09/14/2012 - Gerdau announced an investment package of US$253 million in Siderperu, the company’s operation in Peru, with the aim of expanding its production capacity of steel and rolled products in the country.
Gerdau announced an investment package of US$253 million in Siderperu, the company’s operation in Peru, with the aim of expanding its production capacity of steel and rolled products in the country. The plan includes a new rolling mill for rebar and wire that will produce 900,000 tonnes per year. With this, the rolling mill capacity at Siderperu will quadruple from the current 300,000 tonnes to 1.2 million tonnes per year.
Furthermore, a new electric furnace will be installed with an annual production capacity of 360,000 tonnes of steel, increasing the installed capacity of the plant to 1.1 million tonnes per year.
Gerdau is a leading producer of long steel in the Americas and one of the largest suppliers of special steel in the world. With over 45,000 employees, it has industrial operations in 14 countries - in the Americas, Europe and Asia - which together represent an installed capacity of over 25 million tonnes of steel per year. It is the largest recycler in Latin America and around the world it transforms, each year, millions of tonnes of scrap into steel, reinforcing its commitment to sustainable development in the regions where it operates. With more than 140,000 shareholders, the company is listed on the stock exchanges of São Paulo, New York and Madrid.
