Aperam South America, old Acesita and ArcelorMittal Timóteo, is the biggest
Brazil
Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...
ian manufacturer of specialty steels. Headquartered in
Belo Horizonte
Belo Horizonte (, ; ) is the sixth-largest city in Brazil, with a population around 2.7 million and with a metropolitan area of 6 million people. It is the 13th-largest city in South America and the 18th-largest in the Americas. The metropol ...
,
Minas Gerais
Minas Gerais () is a state in Southeastern Brazil. It ranks as the second most populous, the third by gross domestic product (GDP), and the fourth largest by area in the country. The state's capital and largest city, Belo Horizonte (literally ...
, the company is a supplier of stainless, silicon and special carbon
steels
Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant ty ...
. Aperam South America's steel market share in Brazil is estimated to be 90%, and it is the only
stainless steel
Stainless steel is an alloy of iron that is resistant to rusting and corrosion. It contains at least 11% chromium and may contain elements such as carbon, other nonmetals and metals to obtain other desired properties. Stainless steel's corros ...
maker in
Latin America
Latin America or
* french: Amérique Latine, link=no
* ht, Amerik Latin, link=no
* pt, América Latina, link=no, name=a, sometimes referred to as LatAm is a large cultural region in the Americas where Romance languages — languages derived f ...
. The company's main plant, at
Timóteo
Timóteo is a Brazilian Municipalities of Brazil, municipality in the state of Minas Gerais, located by the Piracicaba River (Minas Gerais), Piracicaba River. The population as of 2020 was 90,568 inhabitants. The city is situated in the metropolit ...
in Minas Gerais, has an installed production capacity is 900,000 tons of steel per year. The company also mines iron ore.
Aperam South America, then known Acesita, was founded October 31, 1944, among the cofounders was
Percival Farquhar
Percival Farquhar (1865–1953) was an American investor and financier with extensive interests in Latin America and pre-Soviet Russia, including railways, mines, hotels, and restaurants.
Early life
Farquhar was born to a wealthy Maryland-Penn ...
and got into the stainless steel business in the late 1970s. It was
privatised
Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...
by the Brazilian government in 1992. The French steel maker
Usinor
Usinor was a French steel making group formed in 1948. The group was merged with Sacilor in 1986, becoming Usinor-Sacilor and was privatised in 1995, and renamed Usinor in 1997.
In 2001 it merged with Arbed (Luxembourg) and Aceralia (Spain) to for ...
, now part of
ArcelorMittal
ArcelorMittal S.A. is a Luxembourgian multinational steel manufacturing corporation headquartered in Luxembourg City. It was formed in 2006 from the takeover and merger of Arcelor by Indian-owned Mittal Steel. ArcelorMittal is the second larg ...
, took a controlling stake in Acesita 1998. In 2007, ArcelorMittal announced the
rebranding
Rebranding is a marketing strategy in which a new name, term, symbol, design, concept or combination thereof is created for an established brand with the intention of developing a new, differentiated identity in the minds of consumers, investors ...
of Acesita to ArcelorMittal Inox Brasil. The company's stock is traded on
Bovespa
B3 S.A. - Brasil, Bolsa, Balcão (in English, ''B3 - Brazil Stock Exchange and Over-the-Counter Market''), formerly BM&FBOVESPA, is a stock exchange located in São Paulo, Brazil, and the second oldest of the country.
Its current form can be trac ...
, where it is part of the
Ibovespa index. However, ArcelorMittal announced it would buy out all public stock of ArcelorMittal Inox Brasil, and make it a wholly owned subsidiary.
In January 2011, was incorporated by the
Aperam
Aperam S.A. is a company, listed on the Amsterdam, Brussels, Paris, Madrid and Luxembourg stock exchanges and with facilities in Brazil, Belgium and France, which concentrates on the production of stainless steel and speciality steel. It was sp ...
, changing its name to Aperam South America.
See also
*
Vale do Aço
A vale is a type of valley.
Vale may also refer to:
Places Georgia
* Vale, Georgia, a town in the Samtskhe-Javakheti region
Norway
* Våle, a historic municipality
Portugal
* Vale (Santa Maria da Feira), a former civil parish in the municipal ...
References
External links
The company's home page in PortugueseThe company's home page in English
Steel companies of Brazil
Manufacturing companies established in 1944
Companies based in Minas Gerais
Economy of Belo Horizonte
1944 establishments in Brazil
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