Louisville, Kentucky-based steel processor Steel Technologies LLC announced Monday that it has secured land in the municipality of Celaya, Mexico, to construct its recently announced flat-rolled steel processing operation. The new 125,000-square-foot facility will be equipped with two slitting lines as well as space for additional equipment under construction. Construction will begin this month, and the facility is expected to be fully operational by the end of the year.
Michael J. Carroll, President and CEO of Steel Technologies, said: "The new Celaya operation will expand our geographic reach within Mexico and will complement our strong network of steel processing facilities within the country."
Steel Technologies is owned as a 50-50 joint venture between Nucor Corporation, North America's leading manufacturer of steel products, and Mitsui & Co. (USA), Inc., a wholly owned subsidiary of Mitsui & Co., Ltd., a diversified global investment and service enterprise based in Tokyo, Japan.