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ArcelorMittal Acindar to Invest $100 Million in New Rolling Mill
10/23/2013 - ArcelorMittal Acindar is to invest US$100m in a new rolling mill in Santa Fe province, Argentina.
A state-of-the-art rolling mill with a capacity of 400,000 tonnes a year will be built to manufacture steel bars for civil construction.
The new mill will enhance competitiveness and the company’s ability to supply both the domestic market, where there is growing demand for steel products for the construction industry, and export markets.
The new rolling mill will also enable ArcelorMittal Acindar to optimize production at its special bar quality (SBQ) rolling mill in Villa Constitución, which in the future will only manufacture products for the automotive and mining industries.
The project is expected to take 18 to 24 months to build, with operations expected to start in two years’ time.
ArcelorMittal Acindar has five production sites with a combined annual production capacity of 1.7 million tonnes, and employs more than 2,700 people.
The new mill will enhance competitiveness and the company’s ability to supply both the domestic market, where there is growing demand for steel products for the construction industry, and export markets.
The new rolling mill will also enable ArcelorMittal Acindar to optimize production at its special bar quality (SBQ) rolling mill in Villa Constitución, which in the future will only manufacture products for the automotive and mining industries.
The project is expected to take 18 to 24 months to build, with operations expected to start in two years’ time.
ArcelorMittal Acindar has five production sites with a combined annual production capacity of 1.7 million tonnes, and employs more than 2,700 people.
