Ternium Announces Investment in New Galvanizing and Pre-Painting Lines in Mexico
March 01 2017 - 4:15PM
Business Wire
Ternium S.A. (NYSE: TX) today announced its plans to build a
hot-dip galvanizing line and a pre-painting line in its facility in
Pesquería, Mexico. The new lines will target Mexico’s industrial
markets, deepening the company’s import substitution strategy.
Ternium’s new hot-dip galvanizing and pre-painting lines will
have annual production capacity of 300,000 and 120,000 metric tons,
respectively. With a total investment of approximately USD260
million, the new lines would be operational by 2020 and expand
Ternium’s current hot-dip galvanizing and pre-painting production
capacity in Mexico by 17% and 20%, respectively.
This new high-value-adding processing capacity will support
Ternium’s leading position as a steel supplier to the growing
household appliances, lightning and metal-mechanic industries in
Mexico, and will broaden the company’s product range.
Forward Looking Statements
Some of the statements contained in this press release are
“forward-looking statements”. Forward-looking statements are based
on management’s current views and assumptions and involve known and
unknown risks that could cause actual results, performance or
events to differ materially from those expressed or implied by
those statements. These risks include but are not limited to risks
arising from uncertainties as to gross domestic product, related
market demand, global production capacity, tariffs, cyclicality in
the industries that purchase steel products and other factors
beyond Ternium’s control.
About Ternium
Ternium is a leading steel producer in Latin America, with an
annual production capacity of approximately 11.0 million tons of
finished steel products. The company manufactures and processes a
broad range of value-added steel products for customers active in
the construction, automotive, home appliances, capital goods,
container, food and energy industries. With production facilities
located in Mexico, Argentina, Colombia, the southern United States
and Guatemala, Ternium serves markets in the Americas through its
integrated manufacturing system and extensive distribution network.
In addition, Ternium participates in the control group of Usiminas,
a Brazilian steel company. More information about Ternium is
available at www.ternium.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170301006474/en/
TerniumSebastián Martí, +1 (866) 890 0443, +54 (11) 4018
2389Investor Relationswww.ternium.com
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