Da Vinci Capital ventures into the metal tubes sector
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The investment fund Da Vinci Capital invested in the firm Catusa, a manufacturer of metallic components, including tubes, structures and wire pieces. This operation will generate sales worth over US$240 million over the next five years, thus creating 600 direct jobs and 350 indirect jobs, before starting its expansion plans. Despite the fact that all of their production is national and is congruent with the development of the industrial chain in Mexico, with the shift in the dollar exchange rate and the new U.S. policies, Catusa will do their best to minimize the impact on their prices.