MEXICO CITY South Korean steelmaker Posco Ltd. is investing about $45.9 million to build two new service centers in Mexico to provide steel products to the countrys automotive and durable goods sectors.
Subsidiary Posco-MPPC SA de CV will open a new service center in Celaya, Guanajuato state, with the capacity to process 122,000 tonnes of steel products per year, Posco-MPPC president Juan Kim told AMM sister publication Steel First. The plant is expected to come on stream by the end of October, he said.
The other center, Posco MAPC, will be able to process about 110,000 tonnes per year in a 183,000-square-foot facility in the central state of Aguascalientes, near to a Nissan Motor Co. Ltd. automaking plant currently under construction.
Posco Mexico SA de CV did not reply to queries from Steel First about Posco MAPC.
The plants in Celaya and Aguascalientes will be the fourth and fifth service centers owned by the Korean steelmaker in Mexico.
A version of this article was first published by AMM sister publication Steel First.