AHMSA plans US$ 1 billion investment to supply steel for auto industry
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Altos Hornos de Mexico, or AHMSA, the largest steel producer in Mexico, said it plans to invest about a billion dollars in the north region of the country over the next two years.
The investment will go to processing plants to increase tinplate production so the company will have a more aggressive strategy for supplying the local automotive industry.
Mexico currently imports half a million metric tons of tinplate, while AHMSA produces 150,000 mt. “We should increase tinplate output to 400,000 mt”, said CEO Alonso Ancira.
Ancira projected the investment should create between 600 and 700 jobs directly.