Gerdau and Shell partners to build a new solar park
On February 7, 2022, Gerdau announced that it was entering into a partnership with Shell Brasil (Shell) to build a new solar park set to be located in Minas Gerais, Brazil. The project, which is set to be completed in 2023, will provide solar energy to Gerdau's steel mill operations in Brazil and also to Shell's Energy division located in Brazil. The new solar park will contribute to each company's commitment to reduce greenhouse gas emissions, which remains a major issue in the steel industry, as the park's energy output will replace gas emissions that plants would usually rely on.
New Activity|ESGIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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