ArcelorMittal to invest more than $11 million in Mexico
The investment will go towards the construction of an additional world-class tube mill and addition of downstream value-add processing equipment, which will allow the facility to supply high-quality straight and formed tubes for use in the production of automotive seating and head rest applications.
Construction has started and is expected to be completed in the spring of 2016.
Once finalised, ArcelorMittal Monterrey will be able to produce electric resistance welded (ERW) tubes ranging from 11mm to 165mm in a variety of steel thicknesses and steel grades – from mild carbon designs, to advanced high-strength steels (AHSS) popular within the automotive sector. The expansion will add more than 80 new jobs. ■