FORM 6-K
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
Dated November 29, 2013
Commission File Number 1-14878
GERDAU S.A.
(Exact Name as Specified in its Charter)
N/A
(Translation of Registrants Name)
Av. Farrapos 1811
Porto Alegre, Rio Grande do Sul - Brazil CEP 90220-005
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F X |
Form 40-F |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes |
No X |
If Yes is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): Not applicable.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused the Report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: November 29, 2013
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GERDAU S.A. |
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By:/s/ André Pires de Oliveira Dias |
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Name: André Pires de Oliveira Dias |
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Title: Executive Vice President Investor Relations Officer |
EXHIBIT INDEX
Exhibit |
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Description of Exhibit |
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99.1 |
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Announcement, November 28, 2013 |
Exhibit 99.1
Gerdau announces investments of R$ 5.8 billion in Minas Gerais
Gerdau and the government of the state of Minas Gerais sign an agreement to expand the mining operations and to install a unit to produce and distribute flat steel products
Gerdau, the leading long steel producer in the Americas and one of the worlds leading suppliers of special long steels, announced today (Nov. 28), jointly with the government of Minas Gerais at an event organized at Palácio Liberdade, investments of R$ 5.8 billion by 2020, which will be mainly used to expand the Companys iron ore mining operations. This initiative should generate 2,000 direct jobs and 300 indirect jobs in the state. In addition, 9,000 temporary jobs will be created during the construction phase.
With these investments, the Company will expand its annual iron ore processing capacity to 24 million metric tons by 2020. The investments involve the expansion of Ore Treatment Unit 2 (OTM 2), which should be completed by the end of 2016, and the construction of a new unit in this segment (OTM 3) that should begin operating by the end of 2020. The projects will be located in Miguel Burnier (Ouro Preto) and Várzea do Lopes (Itabirito).
Gerdau will also build in the state a unit to produce and distribute flat steel, a segment in which it began production this year with the startup of the rolling mill to produce hot rolled coil at Ouro Branco. The unit, which should start operations in 2016, will produce and distribute products such as plates, strips, coils, beams and tiles.
Gerdau CEO André B. Gerdau Johannpeter said that the partnership with the government of Minas Gerais is fundamental for the realization of these projects, which are expected to add value to the states market and to create new opportunities for the region. By investing R$ 5.8 billion at such a challenging moment for the steel industry, we are reaffirming our belief in the development of Brazil and of Minas Gerais. The decision to invest in Minas underscores the states vocation for mining and steel production, he said.
Today Minas Gerais is one of the key growth platforms in the world for Gerdau, which has industrial facilities in 14 countries. In Minas, Gerdau is the largest steel producer and is present in various municipalities. Two of the Companys biggest investments ever are in the state: the production of flat steel in Brazil at the Ouro Branco mill and the mining operations.
Ouro Branco, November 28, 2013.
Andre Pires de Oliveira Dias
Executive Vice-President
Investor Relations Officer