Ternium announces investment of US$1.38 billion in Nuevo Leon

Category: News
Published: 2018-09-19

Ternium will expand its plant in Pesqueria, Nuevo Leon, through an investment of around US$1.38 billion. Said expansion seeks to target the imported steel market in Mexico, said Maximo Vedoya, executive vice president of the company.

During the presentation of Ternium Investor Day held at the facilities of the New York Stock Exchange, Vedoya stressed that the new production line will have an annual capacity of 4.1 million tons of hot rolled sheet.

With the expansion, products of higher added value will be able to be offered to the automotive, energy and machinery industries. As well as household appliances factories and construction companies.

The annual galvanized steel production capacity will be of 350,000 tons and will begin production in May 2019, while the painted steels production capacity will be of 120,000 tons and is expected to start in March 2019.