Steel Technologies Gets Approval for Mexican Flat-Rolled Facility
Persqueria Municipality has given the go-ahead to Steel Technologies LLC, Louisville, Ky., for its new flat-rolled steel processing and pickling facility in Monterrey, Mexico. Construction will begin immediately, and the facility is expected to be operational by the end of 2012.
The new $75 million, 300,000-square-foot facility will have annual processing capacity in excess of 800,000 tons and will be strategically located to offer customers supply chain and logistical advantages, the company claims. The facility will expand Steel Technologies’ North American platform to 25 locations, including three joint ventures.
"We are dedicated to bringing more value to our growing customer base in Mexico and are confident that flat-rolled steel consumption in the region will continue to expand," says Michael J. Carroll, president and CEO of Steel Technologies. "The addition of this world-class operation will accelerate our growth and complement our strong network of steel processing facilities within the country."
The facility will offer a range of processing capabilities, including pickling, heavy and light gauge slitting, and multi-blanking. The facility will also be equipped with an EPS line, an environmentally friendly alternative to pickling developed by The Material Works, Red Bud, Ill.
“We are pleased to be the first to the Mexican market with an EPS line that offers significant advantages over traditional acid pickling lines," Carroll says.