Techint Group to invest $600M in ’13

Jan 25, 2013 | 02:59 PM | Ana Paula Camargo

Tags  Techint, Paolo Rocco, Ternium, steel, steel works, Latin America steel, Ana Paula Camargo

SÃO PAULO — Argentina’s Techint Group will invest a record $600 million in 2013 to modernize its operations, expand production capacity and consolidate its leadership, according to steelmaking subsidiary Ternium SA.

"Our challenges involve betting on regional integration and increasing productivity to become more competitive in a context of rising costs, and an economy that will grow in the coming years at a lower rate than in the past decade," Techint chief executive officer Paolo Rocca said in a seminar in Buenos Aires, Argentina, published on Ternium’s website Jan. 22. ....

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