Tenigal, the merger company created between Nippon Steel & Sumitomo Metal Corporation (NSSMC), will invest US$300 million in the construction of a metal plating plant in the Municipality of Pesqueria, Nuevo Leon.
Tenigal will double its current production capacity of galvanized and heat-treated galvanized panels, in order to cater to the needs and demand of Mexico’s automotive industry. Once the technical inspection and installation assessment have been completed, Tenigal will build a second line for hot dip galvanization with a capacity to produce 430,000 metric tons annually. When the new production line begins operations, a yearly capacity rate over 800,000 metric tons, will be reached. The new plant is expected to start operations by 2019.
Source: El Financiero