July 26, 2014 3:20 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


Founded in 1966


55 31 3749 2749


55 31 3749 2233

Key Executives for Gerdau Acominas SA

Chairman and Chief Executive Officer
Age: 78
Financial Director and Director
Vice Chairman and Senior Vice President
Age: 72
Executive Vice President and Director
General Secretary and Director
Age: 63
Compensation as of Fiscal Year 2014.

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.

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