BNET Industries
Market Cap:$15.6B
Last Fiscal Year Sales:$15.8B
- Public
Dow Jones Description
Gerdau makes other steel producers look a little rusty. Founded in 1901 and headquartered in Porto Alegre, Brazil, Gerdau S.A. (NYSE: GGB) is a large producer of steel. The company produces about 7 million tons of long steel a year, in the form of billets, bars, wire rods, rebar, drawn products, nails, structural shapes, beams, and more. It has steel mills in Brazil, Argentina, Canada, Chile, Colombia, the United States and Uruguay. The company had 2005 revenue of about $9.98 billion and has about 25,300 full-time employees. In June 2006, it acquired a controlling interest in Empresa SiderArgica del PerA by buying 50% of capital stock plus one share.
Number of Employees 25,254
Contact Information
Avenida Farrapos, 1811
Porto Alegre, Rio Grande DO Su 90220-005
011-55-51-3323-2703
Peer Companies
NAICS Code Iron and Steel Mills: 331111
Recent Events
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Gerdau SA - SWOT Analysis
News & Analysis
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gerdau s.a. - All News and Analysis
Fitch Rates Gerdau's US$500MM Bond due 2017 'BBB-'
NEW YORK -- Fitch Ratings has assigned a rating of 'BBB-' to the proposed bond of up to US$500 million due 2017 to be issued by GTL Trade Finance Inc. GTL, a wholly-owned direct subsidiary of Gerdau S.A. Gerdau. The bond will be guaranteed by Gerdau and its main Brazilian...
Court Denies Special Exceptions to Plaintiff's Shareholder Class Action Claims Against Quanex Corporation and Gerdau S.A.
The Brualdi Law Firm P.C. announces that in orders dated March 13, 2008 and March 14, 2004, the 125th Judicial District Court of Harris County, Texas denied in part defendants' Special Exceptions and upheld plaintiff's shareholder claims against Quanex Corporation's board of directors and Gerdau S.A. Following the Court's...
Zacks Bull and Bear of the Day Highlights: Cumulus Media, Gerdau S.A., Tesoro and United Parcel Service
CHICAGO -- Zacks Equity Research highlights Cumulus Media (Nasdaq: CMLS) as the Bull of the Day and Gerdau S.A. (NYSE: GGB) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Tesoro (NYSE: TSO) and United Parcel Service, Inc. (NYSE: UPS). Full analysis of all these...
Fitch Places Gerdau on Rating Watch Negative Following Acquisition Announcement
NEW YORK -- Fitch Ratings has placed the following ratings of Gerdau S.A. Gerdau and related issuances on Rating Watch Negative: --Foreign currency Issuer Default Rating IDR 'BBB-'; --Local currency IDR 'BBB-'; --National scale rating 'AA+bra'; --US$600 million 8.875% guaranteed perpetual notes 'BBB-'; --US$1.0 billion...
Gerdau S.A. Consolidated - First 9 Months of 2007 Results (International accounting standard as delineated by the International Accounting Standards Board - IASB).
PORTO ALEGRE, Brazil, November 7 /PRNewswire/ -- Gerdau S.A. announces results for the first nine months of 2007. Output of crude steel reaches 13 million metric tons in nine months, 9.4% more than the volume produced in 2006. Gross...
Fitch Rates Gerdau's US$1B Bond due 2017 'BBB-'
NEW YORK -- Fitch Ratings has assigned a 'BBB-' rating to a proposed US$1 billion 10-year bond due 2017 to be issued by GTL Trade Finance Inc. GTL, a wholly-owned direct subsidiary of Gerdau S.A. Gerdau. The bond will be guaranteed by Gerdau and its main Brazilian subsidiaries. The proceeds...
Fitch Places Gerdau & Acominas on Rating Watch Negative Following Acquisition Announcement
CHICAGO -- Fitch Ratings has placed the following ratings of Gerdau S.A. Gerdau and related entities on Rating Watch Negative: --Foreign currency Issuer Default Rating IDR 'BBB-'; --Local currency Issuer Default Rating IDR 'BBB-'; --National scale rating 'AA+bra'; --US$600 million 8.875% guaranteed perpetual notes 'BBB-'. ...
Correct: Fitch Places Gerdau & Acominas on Rating Watch Negative Following Acquisition Announcement
CHICAGO -- This is a correction for a previous message issued on July 11, 2007. It amends the IDR rating of Brazilian Steel Importer Ltd. in the second paragraph. Fitch Ratings has placed the following ratings of Gerdau S.A. Gerdau and related entities on Rating Watch Negative: --Foreign...
Gerdau buys steel co. stake.(DOMINICAN REPUBLIC)
Brazil-based Gerdau SA, Latin America's biggest steelmaker, has agreed to buy a stake in Industrias Nacionales CA of the Dominican Republic for US$42 million, reports Bloomberg (May 26, 2007). Gerdau will acquire 30% of Multisteel Business Holdings Corp., which controls Industrias Nacionales, known as Inca, which...
StockProfit.com Technical Trading Alert: Gerdau S.A. (ADR) (NYSE: GGB).
M2 PRESSWIRE-29 June 2007-StockProfit.com: StockProfit.com Technical Trading Alert: Gerdau S.A. ADR (NYSE: GGB)C1994-2007 M2 COMMUNICATIONS LTD RDATE:29062007 Los Angeles, CA - Tony Golan, Chief Technical Analyst with StockProfit.com, has issued a Technical Trading Alert on Gerdau S.A. ADR (NYSE: GGB)....
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Andre Gerdau Johannpeter | CEO |
| Jorge Gerdau Johannpeter | CEO |
| Claudio Gerdau Johannpeter | COO |
| Osvaldo Burgos Schirmer | CFO |
| Alfredo Huallem | Executive Vice President |
| Manoel Vitor de Mendonça Filho | Executive Vice President |
| Marcio Pinto Ramos | Executive Vice President |
| Mario Longhi Filho | Executive Vice President |
| Paulo F. Bins De Vasconcellos | Executive Vice President |
| Carlos Joaeo Petry | Senior Vice President |
| Frederico Gerdau Johannpeter | Senior Vice President |
| Filipe Ferreira | Finance Controller |
| Affonso Celso Pastore | Secretary |
| Expedito Luz | General Secretary |
| Frederico Carlos Gerdau Johannpeter | Executive Officer |
| Kluas Gerdau Johannpeter | Executive Officer |
| Geraldo Toffanello | Director |
| Nestor Mundstock | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Andre Pinheiro De Lara Resende | Board of Directors |
| Germano Hugo Gerdau Johannpeter | Vice Chairman |
| Klaus Gerdau Johannpeter | Vice Chairman |
| Oscar De Paula Bernardes Neto | Board Director |
ANDRÉ BIER JOHANNPETER (45) has worked for the Gerdau Group since 1980. Recently, he became President of the Company, in the position of Chief Executive Officer (“CEO”). He holds a degree in Business Administration from the Pontifical Catholic University of Rio Grande do Sul.
| Organization | Position | Status |
|---|---|---|
| Gerdau S.A. | CEO | Current |
| Gerdau AmeriSteel Corporation | Board of Directors | Current |
| Gerdau S.A. | Board of Directors | Current |
| Gerdau | CEO | Former |
| Organization | Position | Status |
|---|---|---|
| Gerdau S.A. | CEO | Current |
| Metalurgica Gerdau S.A. | Chairman & President | Current |
| Gerdau S.A. | Chairman | Current |
| Metalurgica Gerdau S.A. | Board of Directors | Current |
Claudio Gerdau Johannpeter has worked for the Gerdau group since 1982. From 1992 to 2000, he was in charge of Gerdau Piratini Specialty Steels and from 2000 to 2002, he served as the Executive Director of the Gerdau S.A. Industrial Units in Brazil. From 2002 through 2006, he served as an Executive Vice President of Gerdau S.A. and oversaw the group’s Specialty Steel and Acominas operations. He has served as a member of the Board of Directors of Corporación Sidenor in Spain since January 2006 and has served as Chief Operating Officer of Gerdau S.A. since January 2007. He holds a degree in Metallurgy Engineering from the Federal University of Rio Grande do Sul.
| Organization | Position | Status |
|---|---|---|
| Gerdau | Coo | Current |
| Gerdau S.A. | COO | Current |
| Gerdau AmeriSteel Corporation | Board of Directors | Current |
| Gerdau S.A. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Gerdau S.A. | CFO | Current |
| Metalurgica Gerdau S.A. | Vice President | Current |
ALFREDO HUALLEM (61) has worked for the Gerdau Group since 1975, He was promoted to Executive Officer in 1993 and since December 2007, he also became of the Gerdau Executive Committee responsible for the Business Operation Long Steel Brazil. He graduated in Metallurgical Engineering from the UFF – Universidade Federal Fluminense, Economic Engineering from the Pontifical Catholic University of Rio de Janeiro, and Strategic Marketing from Stanford.
| Organization | Position | Status |
|---|---|---|
| Gerdau S.A. | Executive Vice President | Current |
MANOEL VITOR DE MENDONÇA FILHO (51) has worked for the Gerdau Group since 1983 and was promoted to Executive Officer in 2001. Manoel Vitor graduated in Metallurgical Engineering from Federal University of Minas Gerais in 1982, and holds an MBA from the Getúlio Vargas Foundation.
| Organization | Position | Status |
|---|---|---|
| Gerdau S.A. | Executive Vice President | Current |
MÁRCIO PINTO RAMOS (47) was elected Executive Officer of Gerdau at the Board of Directors meeting held on April 5, 2005 and is responsible for the Latin American operations of Gerdau. He graduated in Mechanical Engineering from the Federal University of Rio Grande do Sul and holds an MBA from Purdue University, USA. He has also held a position as an executive officer at Effem do Brasil (Mars Inc.) and Telet Claro Digital. Effective from April, 28, 2007 Marcio Ramos became Executive Vice President and member of the Gerdau Executive Committee.
| Organization | Position | Status |
|---|---|---|
| Gerdau S.A. | Executive Vice President | Current |
MARIO LONGHI FILHO (53) joined the Company in 2005 as Executive Vice President, member of the Gerdau Executive Committee. Mário graduated in Metallurgical Engineering from Instituto Mauá de Tecnologia, São Paulo. Before joining Gerdau Group, Mário had a successful career at Alcoa, where he became Vice President, heading global operations and member of the Executive Committee.
| Organization | Position | Status |
|---|---|---|
| Gerdau S.A. | Executive Vice President | Current |
PAULO FERNANDO BINS DE VASCONCELLOS (63) joined the Company in 1972. In 2002, he was appointed Executive Vice President of the Gerdau Executive Committee. He is now responsible for the Specialty Steel Operations in Brazil and Europe. He holds a degree in Metallurgical Engineering.
| Organization | Position | Status |
|---|---|---|
| Gerdau S.A. | Executive Vice President | Current |
| Gerdau AmeriSteel Corporation | Vice President | Former |
| Organization | Position | Status |
|---|---|---|
| Gerdau S.A. | Senior Vice President | Current |
| Gerdau Forestry | Vice President | Current |
| Metalurgica Gerdau S.A. | Vice President | Current |
| Metalurgica Gerdau S.A. | Board of Directors | Current |
Frederico C. Gerdau Johannpeter has worked for the Gerdau group since 1961. Mr. Johannpeter became an executive officer of Gerdau S.A. in 1971 and has been a director of Gerdau S.A. since 1973. He served as Senior Vice President of Gerdau S.A.’s Executive Committee from 2002 through 2006. He holds a degree in Business Administration from the Federal University of Rio Grande do Sul, Brazil and a Masters degree in Business, Finance, Costs and Investments from the University of Cologne, Germany.
| Organization | Position | Status |
|---|---|---|
| Gerdau S.A. | Senior Vice President | Current |
| Gerdau AmeriSteel Corporation | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Metalurgica Gerdau S.A. | Vice President | Current |
| Gerdau S.A. | Finance Controller | Current |
| Organization | Position | Status |
|---|---|---|
| Gerdau S.A. | Secretary | Current |
EXPEDITO LUZ (56) has worked for Gerdau since 1976 and in 1989 became an Executive Officer of the Legal Department. He was appointed to the Board of Directors in 2001 and under the new corporate governance structure, he is now Secretary-General of the Board of Directors and the Gerdau Executive Committee. Expedito Luz graduated in Law from the Federal University of Rio Grande do Sul in 1975 and obtained a master’s degree in Law from the Columbia Law School in New York in 1980.
| Organization | Position | Status |
|---|---|---|
| Gerdau S.A. | General Secretary | Current |
| Organization | Position | Status |
|---|---|---|
| Metalurgica Gerdau S.A. | Senior Vice President | Current |
| Gerdau S.A. | Executive Officer | Current |
| Metalurgica Gerdau S.A. | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Gerdau S.A. | Executive Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Gerdau S.A. | Board of Directors | Current |
GERALDO TOFFANELLO (57) has worked for the Gerdau Group since 1970 and was promoted to Executive Officer in 1988, the same position he holds today. Geraldo Toffanello graduated in Accounting from the FAPCCA – Faculdade Porto Alegrense de Ciências Contábeis e Administração, in 1971.
| Organization | Position | Status |
|---|---|---|
| Gerdau S.A. | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Metalurgica Gerdau S.A. | Vice President | Current |
| Metalurgica Gerdau S.A. | Board of Directors | Current |
| Gerdau S.A. | Vice Chairman | Current |
| Organization | Position | Status |
|---|---|---|
| Metalurgica Gerdau S.A. | Vice President | Current |
| Gerdau S.A. | Vice Chairman | Current |
| Metalurgica Gerdau S.A. | Board of Directors | Current |
NESTOR MUNDSTOCK (56) has worked for the Gerdau Group since 1975 and was promoted to Executive Officer in 2001. Nestor Mundstock graduated in Metallurgical Engineering from the Federal University of Rio Grande do Sul, in 1975, and received post graduation degrees in Labor Safety Engineering (1979) and Business Management (2000).
| Organization | Position | Status |
|---|---|---|
| Gerdau S.A. | Director | Current |
| Organization | Position | Status |
|---|---|---|
| Gerdau S.A. | Board Director | Current |
| Sao Paulo Alpargatas S.A. | Board Director | Current |
| Johnson Electric Holdings Limited | Board Director | Current |
| Delphi Corporation | Board Director | Current |
| Delphi Corporation | Corporate Governance and Public Issues Committee Member | Current |
| Booz Allen Hamilton, Inc. | Senior Partner | Former |
Executive News
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Brazil Steel Co Gerdau Operations At Less Than 80% - Estado
| Volume | 2,919,092 |
| Shares Outstanding | 934.7M |
| Market Cap | 15.6B |
| Year High | 17.72 |
| Year Low | 4.18 |
| Earnings Per Share | 0.46 |
| P/E Ratio | 36.4783 |
| Dividend | 0.352679 |
| Yield | 2.10 |
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