Mexican steelmaker Altos Hornos de México (AHMSA) this year will invest US$370 million, which will be used in the completion of the steel project “El Fénix” in Coahuila, to purchase equipment and open new mines.
With these resources the company prepares its supply of steel and steel products for the manufacturing, construction, automotive, oil, packaging and household, and especially appliance sectors.
After the presentation of the National Infrastructure Program, which promises investments of 7.7 billion pesos (US$ 592.3 million) from the federal government, the steelmaker is ready to improve its performance.
Francisco Orduna, AHMSA’s director of Institutional Relations and Communication, hoped that the projects covered, including the gas pipeline network, will support an increase in local content.