Ternium Announces US$1 Billion Expansion to Mexican Operations
02/21/2022 - Ternium will invest US$1 billion to expand its rolling mill in Pesquería, Mexico, reports the Reuters news service.
According to Reuters, Ternium chief executive Maximo Vedoya revealed the plans last week during a fourth-quarter earnings call with investors. The company’s proposed expansion to the Ternium Industrial Center in Pesquería would include a second cold rolling line, a third galvanizing line and other finishing lines. Just last year the steelmaker completed construction of a 4.4-million-metric-ton hot rolling mill at the facility.
Read the full article from Reuters here.