Sumitomo Corp and the Japan Steel Works are partnering with Brazilian steelmaker Gerdau to manufacture and sell wind power products in Latin America and Brazil.
Production of the forged parts is expected to begin in 2017.
The joint venture – possibly to be called Gerdau Summit – is expected to create 100 new jobs at a facility in Mercosur.
The deal is JSW’s first overseas JV.
Gerdau chief executive officer Andre Gerdau Johannpeter said: “We’re seeking to join forces with partners who have recognized experience in their industries in order to create new business opportunities.
“With Sumitomo Corporation and JSW, we will develop higher-value products for our clients, which will enable them to generate higher profit margins.”
Image: Forged main shaft of a wind turbine (Sumitomo, JSW)
