Gerdau to invest $5.5bn from 2010 to 2014 - CEO

Brazil's largest steelmaker says 80% of the investments will be within Brazil

SAO PAULO (Reuters)  - 

Gerdau (GGBR4.SA: Quote)(GGB.N: Quote), Brazil's largest steelmaker, plans capital expenditures of 9.5 billion reais ($5.5 billion) for the 2010-2014 period, with around 80 percent of the investments within Brazil, Chief Executive Andre Gerdau Johannpeter said on Thursday.

Gerdau Johannpeter spoke to reporters on a conference call detailing third-quarter results. (Reporting by Alberto Alerigi Jr.; Writing by Guillermo Parra-Bernal; Editing by Gerald E. McCormick)

© Thomson Reuters 2009 All rights reserved

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