ArcelorMittal Brazil has announced new investments of around BRL 144 million (USD 30 million) in the Sabará in the state of Minas Gerais of Brazil until 2024. With the new investment, the 5th announced by the company in recent months, the amount that will be invested by company in its Brazilian operations totals BRL 7.8 billion, the largest in the steel industry in progress in Brazil. Concentrated in three years, from 2022 to 2025, the investments are being destined to the expansions of the units of Vega in Santa Catarina, Monlevade & Serra Azul in Minas Gerais and Barra Mansa in Rio de Janeiro.Most of the disbursements, around BRL 4.5 billion, are destined for expansions in Minas. In the case of the Sabará plant, capacity will be increased by 35% to offer high added value solutions for the automotive and industrial sectors. With the acquisition of two new automated drawing equipments, ArcelorMittal will expand its portfolio of steel solutions for the market of springs, dampers, screws, fasteners and other industry products.In addition to ensuring more quality and adding new solutions, the arrival of the equipment at the Sabará plant will expand customer support.João Monlevade - Investments: BRL 2.5 billion. Another sintering plant, a new blast furnace and the doubling of the steel shop will be implemented, increasing steel production capacity by more than 1 million tonnes per year.Serra Azul Itatiaiuçu - Investments: BRL 1.8 billion. A new ore beneficiation plant with a capacity of 4.5 million tonnes per year will be set up. A new fleet of operating equipment will also be acquired at the mine, including trucks, excavators and drills.Sabará - Investments: BRL 144 million. Acquisition of two new automated wire drawing equipment and a 35% increase in production capacity to serve automotive and industrial markets.
ArcelorMittal Brazil has announced new investments of around BRL 144 million (USD 30 million) in the Sabará in the state of Minas Gerais of Brazil until 2024. With the new investment, the 5th announced by the company in recent months, the amount that will be invested by company in its Brazilian operations totals BRL 7.8 billion, the largest in the steel industry in progress in Brazil. Concentrated in three years, from 2022 to 2025, the investments are being destined to the expansions of the units of Vega in Santa Catarina, Monlevade & Serra Azul in Minas Gerais and Barra Mansa in Rio de Janeiro.Most of the disbursements, around BRL 4.5 billion, are destined for expansions in Minas. In the case of the Sabará plant, capacity will be increased by 35% to offer high added value solutions for the automotive and industrial sectors. With the acquisition of two new automated drawing equipments, ArcelorMittal will expand its portfolio of steel solutions for the market of springs, dampers, screws, fasteners and other industry products.In addition to ensuring more quality and adding new solutions, the arrival of the equipment at the Sabará plant will expand customer support.João Monlevade - Investments: BRL 2.5 billion. Another sintering plant, a new blast furnace and the doubling of the steel shop will be implemented, increasing steel production capacity by more than 1 million tonnes per year.Serra Azul Itatiaiuçu - Investments: BRL 1.8 billion. A new ore beneficiation plant with a capacity of 4.5 million tonnes per year will be set up. A new fleet of operating equipment will also be acquired at the mine, including trucks, excavators and drills.Sabará - Investments: BRL 144 million. Acquisition of two new automated wire drawing equipment and a 35% increase in production capacity to serve automotive and industrial markets.
