Ternium Argentina, formerly known as Ternium Siderar, was allowed by the Argentinian government to import about EUR 5.7 million in equipment for a new slab production line, SteelOrbis has learned. The company plans to install an autonomous, complete production line for the thermal treatment of slab.
According to a government decision, Ternium Argentina requested a tax benefit to import the equipment under the “big investment projects” imports program. The company will import, among other equipment, a slab conveyor elevator with a 30 mt capacity. It will also import an encoder, 13 high tension switches, 104 gas burners and valves, as well as four axial displacement measurement sensors, among other components.
The Argentinian Technology University, Universidad Tecnologica Nacional, said the equipment to be imported by Ternium Argentina meets local regulations.
Neither Ternium Argentina nor the local government disclosed details about when the new production line would start up. Details about the new slab production line, its capacity, the equipment or technology provider were also not disclosed.