Steelmaking group Ternium announced this week it will invest $260 million to expand its HDG and pre-painted production in Mexico.
New HDG and pre-painted facilities will be built at the company’s Pesqueria complex, with annual capacities of 300,000 mt for HDG and 120,000 mt for pre-painted products, the company said. The two lines are expected to come online by 2020, expanding the company’s existing HDG production by 17 percent and pre-painted production by 20 percent.
According to Ternium, the new lines will target Mexico’s industrial markets, deepening the company’s import substitution strategy.
“This new high-value-adding processing capacity will support Ternium’s leading position as a steel supplier to the growing household appliances, lightning and metal-mechanic industries in Mexico, and will broaden the company’s product range,” the company said.