Nov. 25, 2015

Grupo Simec to Build New Minimill in Mexico

Grupo Simec has contracted with Danieli to install a greenfield minimill facility in Apizaco, located in the State of Tlaxcala in Mexico. The 600,000-ton-capacity plant will produce special bar quality large round blooms, large-diameter bars and wire rod. The new facility will be installed in close proximity to an existing Grupo Simec SBQ minimill facility that produces 400,000 tons annually of small-diameter steel bars and flats.

This will be the first complete greenfield minimill for specialty steel to be built in Mexico in recent years. The facility will boast specialized technology including automation equipment that assists in producing high-quality steel grades to guarantee a globally competitive production cost, the company claims.

Grupo Simec's overall investment is estimated at $600 million. The project will be fully funded by Grupo Simec's internally generated cash flow. The plant start-up is anticipated by the end of 2017.


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Sunday, December 17, 2017