1961
Even without new investments and in face of an adverse national political-economical scenario, Acesita proceeds with its first expansion plan making use of its own resources.
The 875-mm roughing mill and the Stein Roubaux electric pit furnaces start operation.
Photo: Company's archives
Transfer bed and preparation for the removal of billets from the skids.
Timóteo, MG.
1962
In April, the electric reduction furnace and the Newiges furnace no. 2 for silicon steel plate treatment start operation.
1963
Foundation of the Technical School of Metallurgy, in Timóteo.
Completion of the first phase of the expansion plan, which doubled the Plant’s initial capacity.
The thin and medium bar mills start operation – Demag mill.
1964
Timóteo becomes independent from Coronel Fabriciano on 29th April.
Grennawalt sinter plant starts operation.
The pit crane starts operation.
1965
Official start of stainless steel production.
Photo: José Luis Pimenta personal archive.
Iron heat at Blast Furnace no. 2.
1969
The Development Master Plan is approved, which sets out the guidelines for the second expansion of the Company, The Plan is financed by Banco do Brasil, through Finep, on an amount of Cr$ 5 billion.
One of the guidelines of the Plan is to make Timóteo an ‘open city’. Therefore, all buildings, leisure and trading centers, health care centers, schools, public safety services and collective transportation services, until then solely administered by Acesita, are transferred to the community and the Town Hall. The houses are sold to the employees on a line of credit basis.
Photo: Company's archives.
Acesita’s expansion plan during Wilkie Moreira Barbosa management.
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