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Brazil's Gerdau, Japan's Sumitomo, JSW form wind power joint venture

2016-01-27 19:33:16| Grocery - Topix.net

Jan 27 Brazilian steelmaker Gerdau SA will form a joint venture with Japan's Sumitomo Corp and Japan Steel Works Ltd to compete in the wind power sector in Brazil, Gerdau said on Wednesday. With 280 million reais in investment for new equipment, the joint venture would use Gerdau's mill in Pindamonhangaba in the state of Sao Paulo to supply parts for wind turbines from 2017.

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