Gerdau formally concluded today (June 23) the sale of its special steel production company in Spain to Clerbil SL, an investment group with international experience. The sale of this operation is aligned with Gerdau's goal of focusing on its more profitable assets.
The company, which will once again operate under the Sidenor brand, has plants in the Basque Country, Cantabria and Cataluña and commercial offices in Germany, France, Italy and the United Kingdom. The company's installed capacity is one million tonnes per year and it supplies special steels to diverse sectors of the economy, especially the automotive industry. The company also has one of the largest research and development centers in the steel industry in Europe, which is a reference in the development of new steel production technologies. Sidenor and Gerdau will continue to collaborate in the development of new products, particularly steel products for the automotive industry.
Gerdau is the leading producer of long steel in the Americas and one of the largest suppliers of special steel in the world. In Brazil, it also produces flat steel and iron ore, activities that are expanding its product mix and boosting the competitiveness of its operations. It is also the largest recycler in Latin America and, around the world, transforms each year millions of tons of scrap into steel, reinforcing its commitment to sustainable development in the regions where it operates. Gerdau shares are listed on the São Paulo, New York and Madrid stock exchanges.