Gerdau Joint Venture Embarks on Major Fleet Upgrade
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Gerdau Joint Venture Embarks on Major Fleet Upgrade

Gerdau SA (GGB) has released an update.

Gerdau S.A. has announced that its joint venture, Addiante, is set to revamp its fleet by acquiring 1,607 vehicles with a leasing agreement with Ambipar, involving a significant capital increase and additional investment by the shareholders. The deal, which hinges on regulatory approval, will see the new fleet leased back for a minimum of five years, with financing for the project being arranged by Addiante.

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