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Gerdau CEO foresees $5.5 bln investments 2010-2014

Thu Nov 5, 2009 8:36am EST

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SAO PAULO, Nov 5 (Reuters) - Gerdau (GGBR4.SA)(GGB.N), 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)



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