At event in the city of São Paulo, executives
of Gerdau and São Paulo Grand Prix
announced unprecedented partnership, which will offer new
sustainable experience in the Brazilian round of the world's
largest and most popular motor racing competition
SÃO PAULO, Aug. 29,
2023 /PRNewswire/ -- Gerdau, Brazil's largest steel producer and
one of the leading producers of special steel for the automotive
industry, announces today an unprecedented partnership with São
Paulo Grand Prix, the Brazilian
round of the world's largest and most popular motor racing
competition, to take place on November
3, 4 and 5 at Interlagos racetrack. The company will be the
event's official steel supplier, with an 100% recyclable product,
to be used to modernize the structures of Interlagos circuit,
located in the city and state of São Paulo.
With over 80 years of a history marked by iconic Formula 1
events, the Interlagos circuit will receive Gerdau's 100%
recyclable steel for modernization works following the
sustainability parameters aligned with the guidelines established
by the São Paulo GP and the Formula 1. The new equipment to be
installed in the racetrack includes a fixed steel structure system
for the audio-visual broadcast of the race, covering the entire
circuit. All modernization works in the sports arena will be left
as a legacy for the city of São Paulo and other events to occur in
the location.
The announcement was made during an event at Gerdau's global
headquarters in São Paulo, this Wednesday morning (August 23), with the participation of
Gustavo Werneck, CEO of Gerdau,
Alan Adler, CEO of São Paulo Grand Prix, and journalists and
guests.
"We are very proud of being part of such an iconic event for the
Brazilian culture and sports, which is the São Paulo Grand Prix. Over its 122 years of history,
Gerdau has been monitoring several changes in the automotive
industry and considers the current partnership a great opportunity
to promote the production of 100% recyclable and low-cost steel,
offering a more sustainable option for one of the world's largest
sports event, the São Paulo GP," said Gustavo Werneck, Gerdau's CEO.
"Formula 1 defined clear goals to reduce carbon emissions. São
Paulo Grand Prix feels privileged
for being part of this important movement. We are also agents and
disseminators of the sustainability culture. For this reason, we
are very happy with the partnership we established with Gerdau, a
company that gives priority to circular economy, recycling
materials and mitigating the impact on the environment. All this is
in line with the São Paulo GP initiatives on environmental
preservation," said Alan Adler, CEO
of the São Paulo Grand Prix.
Gerdau steel to be used at the event is a result of a process
that encompasses the scrap metal recycling chain, involving over
one million people, such as scrap collectors and cooperatives.
Recycling, based on the circular economy concept, also has positive
effects on mitigating climate change: it enables to save natural
resources and reduce energy consumption and greenhouse gas
emissions.
"This unprecedented partnership with the São Paulo Grand Prix is yet another step on Gerdau's
strategy to produce innovative steels that support the solutions
for the society's dilemmas and problems. Gerdau steel, already used
in several applications for the automotive industry, now reaches
the Brazilian round of the most prestigious and innovative category
of the global motor racing," Werneck concluded.
Gerdau is world's leading provider of special steel, an
essential input for the automotive industry, with the production of
low-carbon steel at its industrial units in Brazil and the
United States. The company is also the largest scrap
recycler in Latin America and
produces steel emitting less than half the average emissions of the
global steel industry, thanks to its sustainable production model,
partially based on scrap metal recycling.
- Over 1 million people, including scrap collectors and
cooperatives involved in the Gerdau's recycling process.
- 71% of Gerdau steel is made of scrap metal recycled.
- 11 million tonnes per year: Gerdau is the largest recycler in
Latin America.
- 36,000 direct and indirect employees in all Gerdau's
operations: number of jobs created by the company.
- One of the lowest average greenhouse gas emissions (CO₂e) of
0.89 t/CO₂e per tonne of steel, which is about half the global
industry average of 1.91 t/CO₂e per tonne of steel.
About Gerdau
With 122 years of history, Gerdau is Brazil's largest producer of steel, a leading
producer of long steel in the Americas and one of the world's
leading suppliers of special steel. In Brazil, Gerdau also
produces flat steel and iron ore for its own use. It also has a new
business division, Gerdau Next, which fosters entrepreneurship in
segments adjacent to the steel industry. Guided by its purpose of
empowering people who build the future, the company operates in
nine countries and has over 36,000 direct and indirect employees.
Gerdau is the largest recycling company in Latin America and uses scrap as an important
input: 71% of its steel is produced from scrap. Every
year, Gerdau transforms 11 million tonnes of scrap into a variety
of steel products. The Company is also the world's largest charcoal
producer, with over 250 hectares of planted forests in the state
of Minas Gerais. As a result of its sustainable
production matrix, Gerdau currently has one of the industry's
lowest average greenhouse gas emissions (CO₂e) of 0.89 t/CO₂e per
tonne of steel, which is about half the global industry average of
1.91 t/CO₂e per tonne of steel (worldsteel). Gerdau's target is to
reduce its carbon emissions to 0.83 t/CO₂e per tonne of steel by
2031. Gerdau's shares are listed on the São Paulo (B3),
New York (NYSE) and Madrid (Latibex) stock
exchanges.
For more information, contact:
FSB Comunicação
gerdau@fsb.com.br
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SOURCE Gerdau