Grupo Simec to Build New SBQ Mill and Pipe Facility in Mexico
03/25/2014 - Industrias CH, S.A.B de C.V. (ICH) is investing in its Grupo Simec S.A.B de C.V. subsidiary to build a 600,000-ton-per-year special bar quality (SBQ) facility in northern Mexico.
The new SBQ facility will require an investment of approximately US$700 million, which will be financed with its own resources.
Additionally, the board approved the installation of a new spiral-welded steel pipe facility, which will allow the company to manufacture pipe up to 100 inches in diameter with a wall thickness of 1 inch.
Both projects have been approved by the board of ICH and SIMEC in response to the growing demand for its products by the automotive and petrochemical industries.
Additionally, the board approved the installation of a new spiral-welded steel pipe facility, which will allow the company to manufacture pipe up to 100 inches in diameter with a wall thickness of 1 inch.
Both projects have been approved by the board of ICH and SIMEC in response to the growing demand for its products by the automotive and petrochemical industries.
