Steel giant ArcelorMittal has expanded its reach in Brazil through an agreement between Votorantim S.A. and ArcelorMittal Brasil S.A. making Votorantim Siderugia a subsidiary of ArcelorMittal Brasil, while Votorantim takes a minority stake in Arcelor Mittal Brasil. 

The union will bring together the production ArcelorMittal’s facilities in Monlevade, Cariacica, Juiz de Fora, Piracicaba and Votorantim’s sites in Itaúna, Barra Mansa, Resende and its participation in Sitrel, in Três Lagoas, with annual crude steel capacity of 5.6 million tonnes and annual rolling capacity of 5.4 million tonnes. 

Votorantim is a Brazilian company founded in 1918 with a presence in 23 countries, employing over 47 thousand people, and consolidated net revenues for 2015 of R$31.5 billion (€9.7 billion) and EBITDA of R$7 billion (€2.2 billion).