ArcelorMittal () announced on Thursday (6) a plan to invest from $ 3.8 billion to $ 4 billion in the Tubarão unit, in Espírito Santo, to build a new line of lamination and another of coating, which They should go into operation in the first half of 2029.
The new lines will allow the unit to expand its production chain and offer products with higher added value.
The cold strip laminator will manufacture cold laminated products from the hot coils already produced in shark, which will supply the market and the continuous coating line. This line will apply a metallic coating, ensuring greater corrosion resistance and differentiated finish, according to ArcelorMittal.
The project “will strengthen our presence in high value markets, such as automotive, appliances and construction sectors, while bringing our production closer to the demands of the end consumer,” said Jorge Oliveira, executive president of ArcelorMittal Aços Planes Latin America , in a statement.
The company said the project will be one of the most relevant in the group and adds to the company’s strategic plan in Brazil, which provides investments of R $ 25 billion from 2022 to 2028, adding that the project will consolidate the Tubarão unit as one of the most integrated into the processing of flat steels in Brazil and the world.
The group has industrial units in eight Brazilian states – Minas Gerais, Espírito Santo, Rio de Janeiro, Santa Catarina, Ceará, Bahia, Sao Paulo and Mato Grosso do Sul.
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During the construction peak, about 2,500 job openings will be created, according to the company. When operating, the new line will require approximately 450 professionals.
ArcelorMittal CEO Aditya Mitta also said on Thursday that one of its main investment focuses in the world in 2025 will be Brazil, where the company estimates that the steel market should be stable this year after growth of 8 % in 2024.
