Gerdau SA plans an investment program
Brazilian
longs producer Gerdau SA announced a $212.5 million investment program for the next four years, for the expansion of the Gerdau Acos Finos Piratini and Gerdau Riograndense mills.
$118.2 million will be invested at Gerdau Acos Finos Piratini in order to increase its annual
production capacity to 500'000 tons from 300'000 tons.
Futhermore, the company will spend $94.3 million to improve the
production lines at Gerdau Riograndense plant which produces higher value products for agricultural sector.