OREANDA-NEWS. November 26, 2012. Gerdau Corsa, Gerdau's operation in Mexico, will invest USD 600 million to build a new plant for the

production of structural shapes in the state of Hidalgo. This new plant, which will start operating in the

second half of 2014, will be the most important private investment in the history of the state.

The new plant will have an annual installed capacity of 1 million metric tons of steel, and 700,000 metric

tons of rolled products. During the construction work, about 4,000 direct and indirect jobs will be created.

About Gerdau

Gerdau is the leader in the segment of long steel in the Americas and one of the main suppliers of special long steel in the world. With over 45,000 employees, it has industrial operations in 14 countries—in the Americas, Europe, and Asia—which together represent an installed capacity of over 25 million metric tons of steel per year. It is the largest recycler in Latin America; and in the world, it transforms each year millions of tons of scrap steel, reinforcing its commitment to sustainable development in the regions where it operates. Gerdau is listed on the stock exchanges of Sao Paulo, New York, and Madrid and has over 140,000 shareholders.