Acesita
Acesita S. A. ( an abbreviation for port. " Companhia de Aços Especiais Itabira " German company for special steels [off] Itabira ) is a Brazilian mining company with headquarters in Belo Horizonte, Minas Gerais. The company is listed on the financial index IBOVESPA. It is one of those days to Arcelor Mittal.
History
Acesita was founded on October 31, 1944 by three entrepreneurs: Athos de Lemos revenge, Amyntas Jacques de Moraes and Percival Farquhar. The goal was to supply the growing due to the increasing industrialization of the country Brazilian market, which had to contend with the beginning of World War II with import problems. As a location, the settlement Timoteo was chosen to supply the blast furnace with iron ore and charcoal due to its proximity to the mines of Itabira and the vast forests. In 1965 for the first time the idea in Acesita to produce stainless steel. For this, a German engineer Heinrich Hellbrügge taken under contract. Today, the company mainly produces stainless steel (2006: 371kT ) and silicon steels ( GO / GNO ) (2006: 187kT ). It is so far the only fully integrated business in Latin America for the production of stainless steel flat products. The company was privatized in 1992 by the Brazilian government. In 1998, the French steel producer Usinor, which is now part of Arcelor Mittal, the majority of the shares Acesita (now ArcelorMittal Inox Brasil ). 2007, the company name was changed to ArcelorMittal Inox Acesita Brasil.
Activities
The only work of Acesita located in Timóteo in Minas Gerais and has a production capacity of 900,000 (2005) tons of steel a year. Acesita further has extensive eucalyptus plantations ( 126,000 ha) for the production of charcoal, which is used in the blast furnace process. These are the 100% subsidiary Acesita Energetica Ltda. incorporated. Furthermore, has the Acesita Service Center, whose main, Amorim was purchased in 2000 by Acesita and is located in Sao Paulo. In 2006 Acesita has 90% market share for stainless flat products in Latin America and exported a large part of its production (31%) to Asia, Europe and North America.