Brazilian steel giant Gerdau has announced an aim to reach full capacity at its India facility by the end of 2017, in a bid to cater to the burgeoning automobile industry in the country.
Currently, Gerdau Steel India’s plant at Tadipatri, Andhra Pradesh, has an annual capacity of 2,60,000 tonnes (a 70:30 mix of SBQ products and merchant bars). While SBQ (special bar quality) steel is best suited for making components for cars (engine, transmission, steering system, and suspension, among others), merchant bars are used for some engineering applications.
Talking to Deccan Herald, Gerdau Steel India Managing Director (Special Steel India) Sridhar Krishnamoorthy said, “By the end of 2017, we plan to take the Tadipatri plant to full capacity at 3,25,000 tonnes. We also expect to reach 100% SBQ production during that period.”
The company has so far invested about Rs 2,400 crore in its Indian operations, which includes the said factory that it took through a former JV with Kalyani Steel.
“The auto market is growing at 5-6%, and there’s room for suppliers of special steel needed for specialised applications like those in that industry. Gerdau can offer value addition,” he said.razilian steel giant Gerdau has announced an aim to reach full capacity at its India facility by the end of 2017, in a bid to cater to the burgeoning automobile industry in the country.
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