This information is available only to subscribers.
Start a free trial, to unlock the full potential of a subscription to BNamericas.
Already a subscriber? Please, login.

Usinas Siderúrgicas de Minas Gerais S.A.

Company Detail

Description

Usinas Siderúrgicas de Minas Gerais S.A. (Usiminas) is a Brazilian manufacturer and seller of flat steel products. Founded in 1962, Usiminas has four business units: iron ore mining (Mineração Usiminas), steel (Ipatinga and Cubatão plants, and Unigal Usiminas), steel processing (Soluções Usiminas) and capital goods (Usiminas Mecânica). Its product portfolio includes heavy plates, hot and cold rolled steel, electrogalvanized and hot deep galvanized products serving the automobile, energy, civil construction, appliances and navy industries, among others. Due to the economic crisis in Brazil, the company has lately faced financial difficulties in terms of cash generation, but it extended a standstill agreement with its main creditors until September, has concluded around 75% of its total debt renegotiation and has got the approval for an approximately US$315mn capital increase. Luxembourg-based Ternium has a 19.81% stake in Usiminas, and it shares its control with Japanese firm Nippon Group (21.10%) and Usiminas pension fund (4.84%).

Subscribe to Access Active Companies and Potential Clients
BNamericas subscribers not only have access to the thousands of active companies in Latin American business development, but also key contacts and custom contact look-up services.
  • Privately held, publically traded and state-owned companies
  • International, regional and local firms
  • Shareholders and subsidiaries, JV partners and consortiums
  • Operators, contractors and equipment providers
  • Governmental and regulatory agencies
  • 50,000 published C-level contacts
  • Custom contact research to uncover sales prospects
Already a subscriber? Please, login

Related Projects

Name Stage Sector Country
Locked content
Mining & Metals 
Locked content
Locked content
Infrastructure 
Locked content
Locked content
Oil & Gas 
Locked content
Dear visitor, this table includes insights that is only available for subscribers

Company Name Sector Country Relation
Locked content
Shareholder 
Locked content
Shareholder 
Locked content
Shareholder 
Locked content
Shareholder 
Dear visitor, this table includes insights that is only available for subscribers

Company Name Sector Country Relation
Locked content
Subsidiary
Locked content
Subsidiary
Locked content
Subsidiary
Locked content
Subsidiary
Locked content
Subsidiary
Locked content
Subsidiary

Related News