CHICAGO Gerdau SA plans
to spend $21.6 million to increase straightening and
quality-inspection capabilities at its special bar quality
(SBQ) mill in Monroe, Mich.
The investment will include a
new bar-straightening unit, surface inspection equipment and
automatic ultrasonic inspection equipment for testing internal
cleanliness, all of which will be located in a new building,
the Brazilian steelmaker said. "This project supports the
reinforcement and expansion of our leading SBQ position,"
Gerdau chief executive officer André B. Gerdau
Johannpeter said in a statement.
This initiative is part of
Gerdaus previously announced plans to expand the Monroe
mills capabilities and raise production capacity to more
than 800,000 tons per year.
Improvements to Monroes
rolling facilities are also under way, including the
installation of six additional rolling mill stands and a new
walking beam reheating furnace. All the Monroe mill
improvements are expected to be completed by the second half of
2013, the company said.
The additional investment at Monroe is the latest in a
series of U.S. capital projects announced by the steelmaker
over the past 24 months. On Monday, Gerdau unveiled plans to
spend $50 million to replace the continuous caster at its St.
Paul, Minn., mill (AMM, May 8)