April 19, 2014 5:07 PM ET

Metals and Mining

Company Overview of Gerdau Acominas SA

Company Overview

Gerdau Acominas SA provides production and sale of steel products. It offers steel wires, rods, billets, and slabs. The company serves industrial, civil construction, and agribusiness sectors. Gerdau Acominas SA was formerly known as Aco Minas Gerais SA and changed its name to Gerdau Acominas SA in November, 2003. The company was founded in 1966 and is based in Ouro Branco, Brazil. As of September 6 2002, Gerdau Acominas SA operates as a subsidiary of Gerdau S.A.

Rodovia MG 443, Km 07

Fazenda do Cadete

Ouro Branco, MG 36420-000

Brazil

Founded in 1966

Phone:

55 31 3749 2749

Fax:

55 31 3749 2233

Key Executives for Gerdau Acominas SA

Chairman and Chief Executive Officer
Age: 77
Financial Director and Director
Vice Chairman and Senior Vice President
Age: 71
Executive Vice President and Director
General Secretary and Director
Age: 62
Compensation as of Fiscal Year 2013.

Gerdau Acominas SA Key Developments

Gerdau A ominas' Flat Steel Rolling Unit to Begin Operations Later in 2012

Gerdau board of directors has approved $382 million loan from national development bank BNDES for the deployment of a flat steel rolling unit in the company's subsidiary Gerdau A ominas, located in Minas Gerais state. The loan represents about 32% of the project's total investment, budgeted at 2.4 billion reais. The new flat steel rolling unit will consist of a hot rolling line for coils, Gerdau's first in the country, and a heavy plate rolling line. Gerdau A ominas' flat steel rolling unit is expected to begin operations later in 2012, with a 770,000t/y capacity. The new unit is designed to meet local demand from oil and gas, shipbuilding, construction and heavy machinery sectors. Also, the heavy plate rolling unit should be concluded by 1H14, increasing Gerdau's share in Brazil's flat steel market. The company's two rolling units will boost its installed capacity to 1.9Mt/y of flat steel.

Similar Private Companies By Industry

Company Name Region
Apolo Produtos de Aco S.A. Americas
Cobre Sul Mineraçao Ltda. Americas
Furukawa Industrial S.A. Produtos Eletricos Americas
Companhia Siderúrgica do Pará Ltda. Americas
Alubar Metais S/A. Americas

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
NYC2012, Inc. United States
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Rush University United States
Citizens Budget Commission United States

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Gerdau Acominas SA, please visit --. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.