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,

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 t ...

. Aperam South America's steel market share in Brazil is estimated to be 90%, and it is the only stainless steel 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 municipality in the state of Minas Gerais, located by the Piracicaba River. The population as of 2020 was 90,568 inhabitants. The city is situated in the metropolitan area of the Steel Valley (Vale do Aço). It is the homet ...

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 la ...

, took a controlling stake in Acesita 1998. In 2007, ArcelorMittal announced the rebranding of Acesita to ArcelorMittal Inox Brasil. The company's stock is traded on Bovespa, 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.

References

External links

The company's home page in Portuguese

The 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 {{Brazil-company-stub

See also

References

External links