Spanish stainless steel producer Acerinox S.A. has announced that it will continue its investments in Kentucky, US, and Algeciras, Spain, while it is postponing its investments in Malaysia until the situation becomes more favorable in Asia.
Accordingly, the company is continuing the implementation of its Strategic Plan 2016-2020 which includes new equipment for its factories in Kentucky, US, and Campo de Gibraltar, Spain.
In March this year, Acerinox announced a new strategic plan for the period from 2016 to 2020, adapted to the new market conditions. The strategic plan is broadly based on operational excellence, optimal utilization of the capabilities of the factories in the company, development of investments with rapid returns and solid finances.