Mexican integrated steelmaker Altos Hornos de Mexico (AHMSA) will reportedly invest $330 million to develop a new coking plant along with Beijing Shougang International Engineering Technology, according to a media report from Vanguardia.
The new plant will have a 1.2 million mt/year coke capacity, the media report said, adding the steelmaker has already set a 16-hectare area for the new plant.
Beijing Shougang International Engineering Technology is financing 80 percent of the project’s on behalf of AHMSA, through Sinosure (China Export and Credit Insurance Corporation).
The plant will be installed out of AHMSA’s No. 2 steelworks unit in Monclova, Coahuila state, Mexico.
Neither AHMSA nor the media report disclosed an expected start-up for the new plant.