Gerdau creates long steel joint venture in Colombia

Gerdau has entered into an agreement to form a joint venture with Putney Capital Management, based on the sale of its 50% interest in Colombia’s Gerdau Diaco, it announced on Wednesday March 29.

The new company’s assets will be formed by Gerdau’s long steel units in Colombia, which have a combined installed steel production capacity of 674,000 tpy.

The transaction attributes an...

Published

Ana Paula Camargo

March 29, 2017

15:42 GMT

São Paulo