Gerdau Steel India Private Limited Renamed To Arjas Steel Private Limited
ADV Partners is an Asia focused private equity firm with offices in Hong Kong, Singapore, Shanghai and Mumbai. The reason for the sale was to enable Gerdau to focus more on its core markets in North America and Latin America. The change of name of the company follows the official completion of the transaction on October 31, 2018.
ADV Partners together with the existing management, see a great future for growing the SBQ business in Andhra Pradesh and in India and are working on a growth roadmap that will position Arjas Steel, as a center of excellence in the manufacture of SBQ steel. The operations will continue to be run by the current management.
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