Votorantim Siderurgia, the steel arm of Brazilian conglomerate Grupo Votorantim, is aiming to be a leading player - both in terms of quality and cost - in long steel production in the Americas, according to company director Ricardo Henriques Leal.
As part of its growth strategy, the company is also planning to increase output to 3Mt/y from the current 2.53Mt/y. The increase will be achieved through improvements in productivity and developments at its existing units in South America, Leal said.
Votorantim Siderurgia's operations in Brazil comprise a plant in Barra Mansa and another in Resende, both in Rio de Janeiro state. It also has units in Argentina and Colombia.
The company also plans to increase long steel exports from Brazil as part of its growth strategy. Currently, exports accounts for 5% of Votorantim Siderurgia's sales, according to Leal.
In 2009, the company's revenues were 2.2bn reais (US$1.25bn), equivalent to 10% of the group's sales.
PRODUCTION
In Brazil, production capacity is 1Mt/y at Resende and 800,000t/y at Barra Mansa.
At Argentine subsidiary Acerbrag, Votorantim Siderurgia produces 330,000t/y, while Acerias Paz Del Rio in Colombia produces 400,000t/y. In Colombia, Votorantim also has iron ore and coal mining operations, supplying 100% of the raw material for its local steel plant.
Output will be increased by 20% in both Argentina and Colombia, according to Leal. "The hike in production capacity will be achieved through improvements at the current units," Leal told reporters during the Latin American Iron & Steel Trends conference, held in Rio de Janeiro last week.
Leal's outlook for the rest of the year in the Brazilian steel sector is optimistic. "The market has grown consistently this year compared to 2009 and I think that growth level will be maintained," he said.
By Fernanda De Biagio
As part of its growth strategy, the company is also planning to increase output to 3Mt/y from the current 2.53Mt/y. The increase will be achieved through improvements in productivity and developments at its existing units in South America, Leal said.
Votorantim Siderurgia's operations in Brazil comprise a plant in Barra Mansa and another in Resende, both in Rio de Janeiro state. It also has units in Argentina and Colombia.
The company also plans to increase long steel exports from Brazil as part of its growth strategy. Currently, exports accounts for 5% of Votorantim Siderurgia's sales, according to Leal.
In 2009, the company's revenues were 2.2bn reais (US$1.25bn), equivalent to 10% of the group's sales.
PRODUCTION
In Brazil, production capacity is 1Mt/y at Resende and 800,000t/y at Barra Mansa.
At Argentine subsidiary Acerbrag, Votorantim Siderurgia produces 330,000t/y, while Acerias Paz Del Rio in Colombia produces 400,000t/y. In Colombia, Votorantim also has iron ore and coal mining operations, supplying 100% of the raw material for its local steel plant.
Output will be increased by 20% in both Argentina and Colombia, according to Leal. "The hike in production capacity will be achieved through improvements at the current units," Leal told reporters during the Latin American Iron & Steel Trends conference, held in Rio de Janeiro last week.
Leal's outlook for the rest of the year in the Brazilian steel sector is optimistic. "The market has grown consistently this year compared to 2009 and I think that growth level will be maintained," he said.
By Fernanda De Biagio
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