MEXICO CITY Japans Metal One Corp. is investing $13 million to build a steel sheet processing center in Mexico with an annual capacity of about 300,000 tonnes.
The facility in El Grande, in the state of Guanajuato, will primarily serve the automotive sector, the Tokyo-based company said.
Construction work started recently and the plant is expected to come on stream by the end of this year. The service center will include two large slitters.
The plant, to be called Nicometal Bajío SA de CV, will be the fourth Mexican service center owned by Metal One.
A version of this article was first published by AMM sister publication Steel First.