Techint, which owns
Mexico Ternium, TenarisTamsa, and Tecpetrol, is reportedly contemplating an expansion of its Pesquería Industrial Center Ternium, in Nuevo León state, in order to satisfy the demand for steel that will grow with the arrival of more automotive assembly plants in
Mexico.
Paolo Rocca, president of Techint Organization, said that center was visited by officers of Korea-based Kia Motors, a subsidiary of Hyundai, to evaluate the supplier of
galvanized steel that requires a special factory. "We are considering a second galvanizing line on the ground with 350,000 tons (production capacity per year) with an investment of US$300 million," he said in an interview with El Norte.
The Ternium Industrial Center in Pesquería, Nuevo Leon, is currently producing at a rate of 1.5 million metric tons per year of cold rolled coil.