CHICAGO MMFX Steel Corp. plans to introduce its
high-strength, corrosion-resistant reinforcing steel to Chile
as the company looks to bolster its presence in South
The Irvine, Calif.-based subsidiary of MMFX Technologies Corp.
chose Chile because of the countrys huge coastline, its
big mining industry and the opportunities both offer.
Chiles corrosion issues make it a prime market for
MMFXs uncoated, corrosion-resistant reinforcing steel and
an excellent first step for expansion of our product sales in
South America, MMFX president Michael Pompay said in a
MMFX, which claims its reinforcing steel is five times more
corrosion-resistant than the conventional product, already
sells its products in North America and the Middle East. The
company will be represented in South America by Chilean
shipping and logistics company Broom Group SA, it said.