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2 clusters · 4 sources · 30 days · First seen about 1 month ago · Last updated 3 days ago

Usiminas industrial investment in Ipatinga

Overview

Usiminas has initiated a series of large scale investment projects at its industrial center in Ipatinga, Minas Gerais. Initially, the company announced a R$ 1.7 billion project to reconstruct Battery 4 of Coke Oven 2, which involves replacing existing structures with updated technology to increase coke and coke oven gas production. This project is expected to be operational by 2029 and is projected to create approximately 800 jobs.

Following this, the company expanded its announced investment plan to R$ 3.5 billion. This broader plan includes the R$ 1.7 billion Battery 4 reconstruction, a R$ 978 million repair of coke oven battery 3 scheduled for 2028, a R$ 597 million pulverized coal injection (PCI) plant slated for 2026, and a R$ 233 million gasometer installation planned for 2027.

These capital expenditures are being implemented as the company manages financial pressures, including rising industrial costs, limited demand, and a weaker real against the dollar, which contributed to a decline in Ebitda and share value.

Entities

Ipatinga · Usiminas · Ternium · Marcelo Chara · B3

Claims

What the coverage asserts, and how many sources carry each claim.

[● 2 SOURCES] The reconstruction of battery 4 in Ipatinga will cost R$ 1.7 billion and is expected to be completed by 2029. valor.globo.com · clickpetroleoegas.com.br
[○ 1 SOURCE] Usiminas plans total investments of R$ 3.5 billion. valor.globo.com
[○ 1 SOURCE] Between R$ 1.4 billion and R$ 1.6 billion will be invested this year. valor.globo.com
[○ 1 SOURCE] The repair of coke oven battery 3 will cost approximately R$ 978 million and is expected to conclude in 2028. valor.globo.com
[○ 1 SOURCE] The battery 4 project is expected to generate about 800 jobs during construction. clickpetroleoegas.com.br
[○ 1 SOURCE] A new pulverized coal injection (PCI) plant will cost R$ 597 million and is expected to operate in 2026. valor.globo.com
[○ 1 SOURCE] Usiminas shares fell 8.59% to R$ 5.00 on Friday. www.spacemoney.com.br
[○ 1 SOURCE] The steel division Ebitda fell 21.8% sequentially in the third quarter. www.spacemoney.com.br

Timeline

3 days ago

[BUSINESS] 4 sources
Usiminas announces R$ 3.5 billion investment plan amid financial pressure
Usiminas plans R$ 3.5 billion in infrastructure investments, including coke oven repairs and a new PCI plant, despite facing margin pressures and rising industrial costs.
about 1 month ago

[BUSINESS] 10 sources
Usiminas invests R$ 1.7 billion in Ipatinga industrial center
Usiminas is investing R$ 1.7 billion to reconstruct a coke battery in Ipatinga, Brazil. The project, expected to finish by 2029, aims to boost competitiveness and will create roughly 800 jobs.

Sources

clickpetroleoegas.com.br · guiadoinvestidor.com.br · mobile.valor.com.br · spacemoney.com.br