DeAcero will invest US$ 300 million to supply the automotive market

World class steel company DeAcero will invest US$300 million over the next two years to develop new products into the market and satisfying the growing demand for steel.

Raul Gutierrez Muguerza, General Director of DeAcero, said in an interview to El Financiero that some lines of production will be expanded, in order to add new products to the Company’s portfolio.

Gutierrez specified that a project in development for a Japanese automotive company will absorb part of these resources.

The Company currently has a 4 million tons annual capacity and serves different sectors of the steel industry with presence in Mexico and more than 20 countries such as the U.S., Canada, Guatemala, Costa Rica and Colombia.