Imsa
Latest News
Gulf Coast Steel Initiative Promotes Steel for Lasting Home Reconstruction
09 May 2006 -
Mittal Steel USA Helps Reopen Hurricane-Ravaged Baseball Field
18 April 2006 -
Mittal Steel USA Helps Reopen Hurricane-Ravaged Baseball Field
18 April 2006 -
Steel Producers to Help Rebuild Gulf Coast Stronger with Steel
17 February 2006 -
Steel Producers to Help Rebuild Gulf Coast Stronger with Steel
17 February 2006 -
Imsa Acero to Invest US$120 million to Increase Production Capacity
16 December 2005 - Grupo Imsa’s Board of Directors has authorized a US$120 million investment a new continuous industrial line to galvanize and paint high-specification steel at Imsa Acero’s facilities in Monterrey, Mexico.
Grupo Imsa Streamlines its Organizational Structure
13 September 2005 - Grupo Imsa announced changes in its organizational structure that are intended to help the organization increase the leverage of existing synergies between its steel-related businesses, enhance the efficiency of its operations and reduce administrative expenses.
Metl-Span Adds New Steel Panel Plant in Nevada
26 July 2005 - Grupo Imsa has inaugurated a new insulated steel panel production facility in North Las Vegas. The US$8.5 million dollar investment increases the production capacity for Metl-Span, ImsaTec's U.S. subsidiary, by 30%. With the acquisition, Metl-Span now has production facilities in Texas, Virginia and Nevada, positioning it to better serve the entire U.S. market.
Grupo Imsa Anticipates Strong 4th Quarter Results
27 January 2005 - Grupo Imsa, SA de CV estimates that its fourth quarter 2004 sales will total 9,596 million pesos, a year-over-year growth of approximately 30%. Grupo Imsa says its EBITDA (operating income plus depreciation and amortization) could reach 1,252 million pesos for the quarter, an 89% increase compared to 2003.
Grupo Imsa Plans to Focus on Mexican Stock Exchange, Drop from NYSE
11 January 2005 - Grupo Imsa, SA de CV’s Board of Directors has approved submission of a proposal to shareholders for delisting its American Depositary Shares (representing American Depositary Receipts or ADRs) from the New York Stock Exchange (NYSE) and the simultaneous termination of its ADR program with The Bank of New York (the Depositary). The proposal will be submitted as part of a general extraordinary shareholders meeting,
Grupo Imsa Joins Consortium in Slab Supply Contract
16 December 2004 - Grupo Imsa SA de CV has signed a 10-year off-take agreement for slab with Corus Group, U.K., through its facility located in Teesside, England. Gruppo Marcegaglia, Italy, and Duferco International, Italy/Switzerland, are also participating in the agreement. In addition, Dongkuk Steel, Korea, has the right to join the consortium before January 5, 2005.
Grupo Imsa Expands Steel Painting Capacity
04 January 2004 - Grupo Imsa has acquired the assets of Polymer Coil Coaters, an industrial continuous steel painting line in Fairfield, Ala., for US$29 million. Grupo Imsa executed the purchase from Magnatrax Corp. through Imsa Acero.
