MEXICO CITY Mexicos
Lenomex Group plans to invest $200 million in a new steelmaking
plant in the northern Mexican state of Nuevo León.
"New winds are blowing in the
country. Confidence in Mexico and in our authorities is what
makes us bet on this steel project, (which is) a big investment
for us," Lenomex general director Enrique Gutiérrez
Garza said at the foundation stone-laying ceremony at Linares
Construction of the
Siderúrgica de Linares plantwhich primarily will
serve the automotive and pipeline sectorshas just begun,
with commissioning expected by the end of 2015, according to
local news reports.
Its initial steelmaking capacity
will be 300,000 tonnes per year, but Garza said a second
development phase that would double the plants capacity
is planned for 2018.
Lenomex Group owns several
companies in Mexico that manufacture a range of goods,
including automotive parts, appliances, tableware, cutlery and
A version of this article was first published by AMM sister
publication Steel First.