Grupo Gerdau to expand Cosigua plant
Brazilian
longs producer Grupo Gerdau has recently announced that it is planning to expand
production at its Cosigua plant and to build a new factory in the Santa Cruz industrial district in west Rio de Janeiro.
The company will invest Real 1 billion ($374 million) in the project. The new plant will mostly serve
automotive sector.
Accordingly the company will sign a letter of intent with the government for the completion of the projects.