Dec. 9, 2015

Mexican Company to Build Castrip Facility

Castrip, LLC, has signed a license agreement with a steelmaker to build and operate a Mexican plant utilizing the company’s thin-strip casting process. The new facility will have the capacity to produce 500,000 tons of thin-gauge, high-strength steel for local manufacturing and construction markets.

American Metal Markets reports that the company signing the agreement with Castrip is Talleres y Aceros SA (Tyasa), which will build the facility at its site in Ixtaczoquitlan, Mexico. Start-up is expected at the end of 2016 or beginning of 2017.

Tyasa, an independent electric arc furnace steelmaker, will become the first company besides Nucor to utilize the Castrip process. Nucor owns and operates thin-strip casting facilities in Crawfordsville, Ind., and Blytheville, Ark.

“We are very pleased to add another partner to the Castrip family that is well suited technically and commercially to exploit this game-changing technology,” says Frank Fisher, president of Castrip.

Castrip, based in Charlotte, N.C., is a joint venture of Nucor, BlueScope Steel of Australia and IHI Corp. of Japan.


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Thursday, October 19, 2017