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Steel Technologies to Expand Operations in Mexico
08/11/2011 - The Pesqueria Municipality in Mexico has authorized for industrial use a Greenfield site previously announced by Steel Technologies LLC as the location for its new flat-rolled steel processing and pickling operation in Monterrey.
The Pesqueria Municipality in Mexico has authorized for industrial use a Greenfield site previously announced by Steel Technologies LLC as the location for its new flat-rolled steel processing and pickling operation in Monterrey.
The new $75 million, 300,000 square-foot facility will have annual processing capacity in excess of 800,000 tons. Strategically located to offer supply-chain and logistical advantages to its customers, the new 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," said 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."
Carroll added, "Our new Mexican steel processing operation will be unique in that it will offer a wide range of value-added processing capabilities, including pickling, heavy and light gauge slitting, and multi-blanking. The facility will be equipped with the latest innovation in pickling technology, an environmentally friendly pickle line that offers superior quality producing a clean, consistent surface. We are pleased to be the first to the Mexican market with an EPS® (Eco Pickled Surface) line that offers significant advantages over traditional acid pickling lines."
The company said that construction on the new facility would begin immediately. The new plant is expected to be fully operational by the end of 2012.
EPS® is a registered trademark of The Material Works, Ltd.
Headquartered in Louisville, Ky., Steel Technologies is one of the leading steel processors in North America and leverages its broad geographic network of operations to deliver value-added products and services. Steel Technologies processes flat-rolled steel to specific thickness, width, temper, finish and shape requirements for a wide range of applications. Steel Technologies is owned as a 50-50 joint venture between Nucor Corp. and Mitsui & Co. (U.S.A.), Inc., a wholly owned subsidiary of Mitsui & Co., Ltd.
